International company SABIC is the latest chemical business to invest for growth in the UK. By modifying its cracker on Teesside into a gas cracker the company will be well placed to take advantage of the shale gas revolution. This major investment has also been supported by Government. The cracker will use ethane as a feedstock and enable the construction of a large gas storage tank.
CIA Chief Executive Steve Elliott said “This highly significant move shows great faith in the UK by one of the world’s leading businesses, who I am proud to work with. I congratulate everyone involved in securing and making this investment. It is the latest signal from a global company that we can make the UK the place for chemical businesses to invest. Through working with Government across a range of issues, the UK Chemistry Growth Partnership is shaping a successful social and environmental – as well as economic – future for our country as chemical and pharmaceutical businesses develop those all-important supply chains. Long may it continue”
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Chemical Industries Association (CIA) is the organisation that represents chemical and pharmaceutical businesses throughout the UK www.cia.org.uk