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Noel Lock, Director of The Greenfuel Company; Councillor Marian McNeir, Chairman of Bath and North East Somerset Council ; Ron Humphreys, University of Bath's Director of Innovation Centres
Noel Lock, Director of The Greenfuel Company; Councillor Marian McNeir, Chairman of Bath and North East Somerset Council ; Ron Humphreys, University of Bath's Director of Innovation Centres

Press Release - 19 April 2005

The Greenfuel Company accelerates into new offices

A company started by two former University of Bath students has become the first to ‘graduate’ from the University’s SETsquared Centre.

The Greenfuel Company, started by Noel Lock and Ingram Legge who met whilst studying for an MBA in the University’s School of Management, has so far been using the Centre’s facilities for fledgling companies.

Its continued success means that the company has been able to move to its own premises; a converted old petrol station at Monkton Combe Garage (on Warminster Road five miles south of Bath) which was opened by the Chairman of Bath and North East Somerset Council, Councillor Marian McNeir, last week.

The Greenfuel Company is aiming to reduce harmful pollutants and emissions across the UK through the promotion and provision of practical and cost effective ways of making vehicles cleaner.

At first, this is through converting vehicles to use LPG (Liquefied Petroleum Gas) fuel, a mixture of propane and butane available for as little as 35 pence per litre, (see notes below) at its new on-site workshop.

“We are delighted to see one of the first companies to enter the SETsquared Centre leaving to establish a business in the area,” said Simon Bond, of SETsquared which is an enterprise partnership run by the universities of Bath, Bristol, Southampton and Surrey.

“SET squared accelerates technology-based business to achieve high growth and Greenfuel has made amazing progress during its time in the Centre. I’m sure that its success will continue and this will be to the benefit of motorists, the environment and to Bath’s economy.”

“We will soon be offering a choice of bio-fuels – bio-diesel and bio-ethanol blends for diesel and petrol – as well as LPG,” said Noel Lock, Director of The Greenfuel Company.

“This means that we will have a ‘green’ solution for every vehicle on the road. Drivers can save over half of their fuel costs without affecting performance.

“Without SETsquared, the speed of our success would not have been possible. We enjoyed a supportive environment where we were able to assess the market opportunity properly, take advice from experienced mentors and advisors, make fewer mistakes, and develop our business into what it is now.”


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