Newspaper article The Journal (Newcastle, England)

1,200 Jobs on Way for the Port of Tyne; Bosses Hoping for Deals with Energy Firms

Newspaper article The Journal (Newcastle, England)

1,200 Jobs on Way for the Port of Tyne; Bosses Hoping for Deals with Energy Firms

Article excerpt

Byline: Iain Laing ? 0191 201 6429 ? iain.laing@ncjmedia.co.uk

MORE than 1,200 jobs could be created by a port's plans to expand its facilities.

The Port of Tyne is confident of striking deals with energy firms which could lead to a PS180m investment to kick-start an increase in its wood pellet stores.

"It is in renewable energy where we see the next major area of growth for us," said chief executive Andrew Moffat.

"That is why we are working with major companies in the power generation industry to identify their future requirements and making sure we will be ready to meet their needs.

"These are very significant plans for the Port of Tyne which are imperative for both the sustainability of the port and the future delivery of the Government's carbon reduction targets.

The port is submitting planning applications to extend its quay by 100m and provide additional facilities for wood pellets including storage, conveyors and a new railway line.

It is already the largest handler of the pellets in Europe, and the plans are to expand its storage of pellets, which are sold to power stations, and the associated quay and rail links.

If they are passed and the port wins the contracts for the plans, they will create 900 jobs in construction and 300 more permanent jobs, although not necessarily working for the port.

Mr Moffat said he was confident of winning the contracts and finding an investment partner. The firm said this will take its impact on the regional economy to well over PS500m in gross value added each year, and increase the number of jobs supported by 20%, to a total of 12,000 jobs.

The port, once world-famous for coal exports and more recently coal imports, has increasingly pinned its hopes on renewable energy.

It has worked for years building these plans for the south of the river alongside plans covering the north estate for a massive wind turbine manufacturing site. …

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