Industry of industries that's energising the North East economy

Chronicle Live 2 weeks ago

The North East is home to the largest single cluster of process, chemicals and energy companies anywhere in the UK, and the second largest in the whole of Europe.

Together the multinational companies, that call the North East their home, manufacture 50% of UK foundation chemicals and a third of UK pharmaceuticals – bringing more than £2.1bn of value to the region each year.

They are the industry of industries, employing 39,000 people locally. Tens of thousands of jobs within the region’s downstream chemical-using industries – including health care, electronics, automotive and textiles – rely on its continued success too.

NEPIC, the North East Process Industry Cluster, represents this vital sector. Established in 2005, it works to ensure industry thrives in our region – and that there are investments, innovations and a collaborative network that will create jobs and opportunities long into the future.

Fifteen years on, NEPIC has developed a network of hundreds of member companies who work together to do business, showcase best practice, tackle challenges - and ultimately help one another grow and retain value within the region.

Chemistry-making and chemistry-using businesses are fundamental to the UK’s manufacturing industries, producing a raft of everyday products we take for granted today.

As an industry we must remain competitive to ensure our long-term future – and seek certainty in uncertain times. We must be realistic about the challenges we face but draw on our resilience and spirit to weather this storm and create a bright future for industry and the region.

In the longer term, the market opportunities that present themselves will put the UK at the forefront of the industries of the future. Processing and recycling of materials, building new forms of energy, such as a hydrogen economy, and managing carbon in closed loop systems present significant innovation and investment opportunities.

Alongside the direct impacts for the North East sit countless opportunities for our vibrant supply chain. Teesside is leading the way in Carbon, Capture, Usage and Storage and recently launched the Net Zero Teesside project that is backed by OGCI Climate Investments and has direct support from six of the largest oil and gas companies globally.

The region is also well placed to position itself as a national plastics recycling hub; capitalising on the significant manufacturing, product development and recycling capabilities that set us ahead of the field.

Industry’s expertise and know how – along with existing infrastructure – will also support ambitions to decarbonise domestic heating and transport.

As industry looks to capitalise on the grand challenges that will see it at the fore of industrial innovation, NEPIC calls on Government support in overcoming the immediate barriers.

In the short term, our foundation industries must be protected, or we risk losing the downstream industries which depend on them.

Businesses, and current investment projects, that have the potential to create jobs and transform the economy during these challenging times must be protected too. The Sirius Minerals project – which is the single biggest investment this region has seen in a generation and will develop a vital new fertiliser industry – is one such example.

Furthermore, growing public campaigns against plastics that focus on the environmental damage being caused by plastic waste around the world have heightened.

Industry is leading the fight to focus on an antidote to the negatives – and this is a battle that must be won to protect the future of a chemicals industry that remains indelibly linked with Teesside and its people.

Teesside is home to a significant number of businesses that manufactures chemicals that form the building blocks for a range of plastic products that we all use in everyday life.

Technology and innovation have moved on and our industry is committed to achieving the goal of recycling all plastic waste, to play our role in the creation of a circular economy.

Further to public campaigns, industry faces additional significant financial challenges including tariff uncertainty, compliance with EU waste incineration and wastewater directives and plastic packaging tax.

Government support is vital to the long-term viability of this important industry. We are an industry that underpins thousands of businesses and jobs, and that can make change for the good, and ensure we leave the environment in a better condition for generations to come.

Source link
Read also:
Chronicle Live › 1 month ago
The North East tourism awards recognise the importance of tourism to the North East, as it is the fourth largest sector of our economy
Express › 2 months ago
MEGHAN MARKLE has had a busy few days in South Africa where she, Prince Harry and Baby Archie have been on their first royal tour as a family. The Duchess is an earlier riser and is said to keep this energising morning routine.
Evening Standard › Lifestyle › 3 days ago
At the half way point of training for her first 10K, single mum Rebecca Cox has discovered the energising power of a protein smoothie. Here, she shares her recipe...
Evening Standard › Lifestyle › 1 week ago
Start your day right with these two gentle movement sequences
Chronicle Live › 2 weeks ago
Mauricio Armellini, the BoE’s agent for the region, looks at how our largest Top 200 companies are contributing to the North East's economy.
Forbes › 1 month ago
The services sector has a low overall impact on the Sustainable Development Goals, but with substantial variation across its nine industries. The hotels and lodging industry has the seventh-highest impact of all industries. This sector has the highest...
Washington Times › 1 month ago
An economist says advanced industries such as biotech and data analytics in Rhode Island are improving after the state's economy was hit hard by the recession.
NBC News › 1 month ago
“Millennials are used to examining old industries and figuring out if they’re still serving the public today," said Caitlin Doughty. "No industry is less serving to the public than the funeral industry."
Reuters › 1 month ago
The Turkish defense industry will not be hit by embargoes or bans on arms sales, the head of the presidency's Defense Industries Directorate was quoted as saying on Wednesday.
Chronicle Live › 1 month ago
ChronicleLive's breaking news service including Tuesday's traffic, travel, weather, sport and more covering Newcastle and the North East
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google