US EditionGovernment to Reopen CO2 Plant in Iran War Contingency Plan
The UK government granted £100 million to restart the Ensus plant on Teesside for three months to prevent CO2 shortages impacting key industries amid Iran conflict.
- On Wednesday, Business Secretary Peter Kyle signed off an up to £100 million government grant to reopen the mothballed Ensus plant on Teesside, securing domestic CO2 supplies amid the Iran conflict.
- The Ensus plant was mothballed last year after a UK-US trade deal eliminated a 19% tariff on American bioethanol, forcing the facility to warn of "imminent closure" before shutting down.
- Carbon dioxide is essential for food, drink, and nuclear sectors; the grant funds an initial three-month operational period to restart the site and mitigate supply disruptions caused by soaring energy costs.
- While Energy Minister Michael Shanks insisted the UK has a "strong and diverse range of supplies", experts warn the country could face oil and gas shortages in two to three weeks.
- Foreign Secretary Yvette Cooper will urge Iran to reopen the Strait of Hormuz on Thursday during the G7 summit, while the government explores regulatory changes to strengthen long-term bioethanol industry viability.
16 Articles
16 Articles
UK reopens domestic CO2 plant as Iran war threatens supply
Britain said on Thursday it would provide 100 million pounds ($133.5 million) to restart production of biogenic carbon dioxide at a shuttered plant on Teesside for three months to avert any shortages caused by the Iran war.
The Northern Echo
darlingtonandstocktontimes.co.ukMothballed Teesside biofuel plant set to reopen amid Iran War shortage fears
A mothballed Teesside biofuel plant is set to be reopened amid fears of shortages caused by the Iran war.
Peter Kyle clears reopening of CO2 plant amid fears of Iran-linked shortages
The plant on Teesside was mothballed last year after a trade deal with the US cut tariffs on bioethanol, its main product. A mothballed carbon dioxide plant is to be reopened with a Government grant of up to £100 million amid fears of shortages caused by the Iran war. Business Secretary Peter Kyle signed off the grant to reopen the Ensus plant on Teesside, according to the Financial Times. It is understood the grant will pay to get the plant up …
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