The fuel which is yet to be named uses hydrogen which is currently much cheaper than oil. The first road tests are planned for next year and if everything goes to plan the miracle ‘petrol’ could be available in 3 – 5 years.
Speaking to the Daily Mail, chief executive of Cella Energy, Stephen Voller, said: ‘In some senses, hydrogen is the perfect fuel. It has three times more energy than petrol per unit of weight, and when it burns, it produces nothing but water.’
He also said that ‘Early indications are that the micro-beads can be used in existing vehicles without engine modification. The materials are hydrogen-based, and so when used produce no carbon emissions at the point of use, in a similar way to electric vehicles.’
It is thought that forecourt prices will be around 60p per litre with the addition of Government fuel tax – less than half the current cost. This will bring the price of filling a 70 litre tank down to around £42.