Original sentence: Celtic Renewables (CRL) has been named Europe’s most innovative biotech SME
Edited sentence: Celtic Renewables (CRL) has been named Europe’s most innovative biotech SME  after producing the world’s first advanced biofuel, capable of powering vehicles, from the residues of whisky production.In 2015 Celtic Renewables' founder and President Professor Martin Tangney and his colleagues made history when they unveiled the world’s first ever samples of biobutanol derived from whisky production residues.The annual Most Innovative European Biotech SME Awards, are organised by the European Association for Bioindustries (EuropaBio) to recognise the crucial role played by small and medium sized biotech firms in responding to some of society’s greatest challenges