When an entrepreneur unveiled plans to convert cow dung into green fuel in Scotland, investors ploughed in millions of pounds. Shareholders in Avocet Infinite, a company set up to steer the breakthrough, include the landed gentry, professionals and the brother of Jacob Rees-Mogg, the Conservative politician. Yet concern is growing over the fate of the investors’ £14m after Martin Frost, the 72-year-old former ICI employee behind the venture, admitted he is “past his sell-by date” and should no longer be in control because of poor health. Frost claims he has secured global patents to produce a green fuel from animal waste. A super-strain of cattle reared in climate-controlled “cow palaces”, located in countries such as Scotland and Ireland, would produce high-quality beef and milk, and animal waste would be turned into diesel for cars, tractors and trucks. Some investors, however, have lost confidence in him. Frost set up dozens of companies under the Avocet umbrella but in recent months several of these groups have collapsed or are being put into liquidation.
Times 17th May 2020 read more »