Alfanar makes £2 billion aviation fuel plant pledge
A £2 billion aviation fuel plant has moved a step closer, according to a regeneration boss.
Tees Valley mayor Ben Houchen says Alfanar has “confirmed its commitment” to create a Teesside plant.
Bosses say the venture will support more than 2000 construction jobs and create 240 full-time posts when operational.
Known as the Lighthouse Green Fuels development, they add the scheme will annually convert more than 1.5 million tonnes of biomass waste into 180 million litres of aviation fuel – enough for 2500 long-haul flights a year.
Mayor Houchen, who this week met Alfanar’s Saudi bosses in the country’s capital Riyadh, said: “It is outstanding news Alfanar has committed to delivering this project on Teesside.
“Developments such as Lighthouse Green Fuels put our region at the forefront of a growing industry, which is primed for massive expansion and will deliver thousands of jobs and billions of pounds in investment in coming years.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people