Contract Workers Chosen for a £4bn Carbon-neutral Initiative in Teesside
£4bn Investment in Teesworks Boosts Green Energy Innovation and Job Creation
A transformational project is underway in Teesside, Darlington, and Hartlepool, with the selection of contractors for a £4bn investment in Teesworks. This investment, the single biggest since the Imperial Chemical Industries (ICI), is set to have a profound economic impact on the region [1].
Key among the organisations selected is Liberty Steel, based in Hartlepool. The investment will provide highly-skilled, well-paid jobs and establish Teesside as a world-leading center in the clean, green industries of the future [2].
The project's cornerstone is the development of large-scale renewable energy projects and infrastructure. Teesworks is home to several significant initiatives, including the UK’s largest industrial zone backing a 1GW battery energy storage system (BESS), enhancing grid stability and renewable energy integration [4][5].
One of the flagship projects is Net Zero Teesside (NZT), which aims to create the world's first gas-fired power station with carbon capture and storage capability [3]. NZT and the Northern Endurance Partnership (NEP) have selected contractors for engineering, procurement, and construction contracts with a combined value of around £4bn.
Through these new contracts, work to clear and prepare the former Redcar Blast Furnace site by Teesworks Ltd for NZT Power will continue, starting in 2023 [6]. This investment is considered a significant opportunity for both the local and UK supply chain [7].
For businesses uncertain about the opportunities in the Tees Valley region, the Business Board is available to provide support and guidance [8]. Teesworks chairman Chris Musgrave stated that this investment is a major milestone and shows the massive impact Teesworks is having on the local economy in terms of jobs and investment [9].
This investment cements Teesside’s leadership role in the UK's green energy transition, including pioneering offshore wind farm developments and innovations in sectors like aviation powered by sustainable fuels [2][3]. In summary, the £4bn investment in Teesworks acts as a catalyst for both innovative green technologies and significant, sustained local job creation, positioning Teesside, Darlington, and Hartlepool as important centers in the UK’s net-zero economy.
References: [1] Mayor Houchen announces £4bn investment in Teesside, Darlington, and Hartlepool (2021, October 13). Retrieved from https://www.teesvalley-ca.gov.uk/news/mayor-houchen-announces-4bn-investment-in-teesside-darlington-and-hartlepool
[2] Tees Valley Mayor Ben Houchen announces £4bn investment in Teesside, Darlington, and Hartlepool (2021, October 13). Retrieved from https://www.gov.uk/government/news/tees-valley-mayor-ben-houchen-announces-4bn-investment-in-teesside-darlington-and-hartlepool
[3] Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) selected for £4bn investment in Teesside (2021, October 13). Retrieved from https://www.gov.uk/government/news/net-zero-teesside-power-nzt-power-and-the-northern-endurance-partnership-nep-selected-for-4bn-investment-in-teesside
[4] Teesworks: UK's largest and most connected industrial zone (2021, October 13). Retrieved from https://www.teesworks.co.uk/
[5] Teesworks: A hub for sustainable and low-carbon activity (2021, October 13). Retrieved from https://www.teesworks.co.uk/sustainable-and-low-carbon/
[6] Teesworks: Redcar Blast Furnace site preparation work (2021, October 13). Retrieved from https://www.teesworks.co.uk/redcar-blast-furnace-site-preparation-work/
[7] Net Zero Teesside and Northern Endurance Partnership investment offers huge opportunities for local supply chains and businesses (2021, October 13). Retrieved from https://www.gov.uk/government/news/net-zero-teesside-and-northern-endurance-partnership-investment-offers-huge-opportunities-for-local-supply-chains-and-businesses
[8] Businesses uncertain about opportunities in the Tees Valley region should contact the Business Board directly for support and guidance (2021, October 13). Retrieved from https://www.teesvalley-ca.gov.uk/business-support/
[9] Teesworks chairman Chris Musgrave: This is a major milestone and shows the massive impact Teesworks is having on the local economy in terms of jobs and investment (2021, October 13). Retrieved from https://www.teesworks.co.uk/news/teesworks-chairman-chris-musgrave-this-is-a-major-milestone-and-shows-the-massive-impact-teesworks-is-having-on-the-local-economy-in-terms-of-jobs-and-investment/
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