- Sabic will invest £850 million to restart and convert the Wilton hydrocarbon cracker to hydrogen.
- The Olefins 6 plant, Europe's second largest cracker, has been shut down for over a year.
- The project is expected to create about 300 jobs and support thousands more.
- The investment aligns with the Government's green energy ambitions.
Investment Announcement
Tees Valley Mayor Ben Houchen has announced that Sabic will invest £850 million into a new green energy project at Wilton, Teesside. This investment will safeguard thousands of jobs in the region.
Project Details
Sabic, a subsidiary of Saudi Aramco, will restart its hydrocarbon cracker at Wilton and convert it to run on hydrogen, a greener energy source. The Olefins 6 plant, which has been shut down for over a year, breaks down hydrocarbons into chemicals such as ethylene. The conversion to hydrogen will support the Government’s green energy goals.
Economic Impact
The project is expected to create about 300 jobs and support thousands more. This investment follows other green energy projects in the region, making Teesside a hub for low-carbon technologies.
Statements from Officials
Mayor Houchen expressed his gratitude to Sabic’s CEO for the investment, highlighting Teesside’s leadership in clean energy technologies. Jacob Young MP also praised the investment, noting its significance for the Teesside Industrial Cluster and the creation and protection of over 1,000 jobs.
