Mr Ricrado launched the UK’s first alcohol fuel, Cleveland Discol, in 1928 which was sold for 40 years up to 1968.
Mr Ireland told Express.co uk: “The thing to remember is ethanol petrol and alcohol in petrol is not new.
“It was originally launched in a fuel called Cleveland Discol, I think it was around in the 1930s.
“If you think about it, those cars although they were the new cars of the day, they are the classic cars of today and they were running on ethanol blended petrol without any problems at all.”
Many experts have warned of the devastating effect of new E10 fuel suggesting that up to 600,000 cars may not be able to run the fuel.