Teesside’s £30m to develop low carbon industry

Teessidea left.jpgThe blog is delighted to see that the UK government has now allocated GBP30m to:

“Equip Teesside to move beyond traditional heavy industry to realise its potential to be part of our low carbon manufacturing base.

“This includes investment in redevelopment of industrial land and infrastructure.

“It also includes investment to establish bio-based materials, to reduce energy use of industry in the area, for initiatives on carbon capture and storage and support for technology transfer and new business practices.”

It is very good news that the skills of the chemical industry are being recognised as fundamental to the development of the low carbon industries and technologies of the future. The Teesside 10-point plan, and the leadership provided by key local figures and organisations, will now have some financial firepower behind them.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.


One Response to Teesside’s £30m to develop low carbon industry

  1. Robbo 10 December, 2009 at 10:35 am #

    1700 jobs going at as Steel works in Redcar and an election by May 2010 have been the catalyst for the much needed support for the area. You didn’t mention it but there’s also a further £20m for Wilton International so lobbying by the chemicals sector has paid off. Will it be enough?

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