Branson’s next venture… Virgin Fuel!
Monday, July 31st, 2006Richard Branson dominates the world with the Virgin Brand, with business ventures on 6 of our 7 continents. It’s hardly surprising that Branson is now making an entrance into the alternative fuel sector. He is set to invest around $1billion into research and development of a new type of alternative fuel, along with opening ethanol plants and solar power stations.
The Virgin air network uses over 700 million gallons of fuel each year, Branson stated:
“I hope that over the next 5 to 6 years we can replace some or all of that (with ethanol).”
Most people either love him or loathe him, and even if you feel that Virgin Fuel is another money grabbing venture for Virgin, you have to praise his efforts for tackling our global warming problem.











