MP welcomes aviation fuel biorefinery plan for South Humber Bank
By Grimsby Telegraph | Posted: 21 Dec 2018
CLEETHORPES MP Martin Vickers is looking forward to a new year meeting with the team behind the aviation fuel producing biorefinery proposed for Stallingborough.
Velocys, partnered by British Airways and Shell, announced it had secured a land deal for an 80 acre site on the South Humber Bank earlier this week.
It has a three year option to buy the huge plot off Hobson Way – one of several enterprise zone pockets established in recent years – as it seeks funding and firms up waste stream supply chains as planning and detailed engineering work gets underway.
The location and the partners involved in the South Humber Bank biorefinery proposal.
The share price of the AIM-listed company lifted 20 per cent on the announcement, with the Oxford-based company having a market capitalisation of £18.9 million.
Hundreds of millions of pounds will be required to make it a reality, but the high profile brands it is working with, as well as grant backing from the Department for Transport, has clearly whet appetites of investors.
Mr Vickers said: “It looks like more good news for the area. It has got great potential and I’m very pleased they have chosen my constituency for this proposed development.
“I have had a full briefing and I am looking forward to meeting them early in the new year to hear more about it.
“Having read what they have said so far, it seems it will be of tremendous benefit and it is worth pointing out that one of the reasons the site has been so attractive is that it has enterprise zone status.
Sky's the limit: Velocys chief executive Henrik Wareborn, centre right, is welcomed to Grimsby by North East Lincolnshire Council leader Ray Oxby atop Municipal Offices. Also pictured, from left, Martin Hopkins, project advisor, Velocys; Councillor Peter Wheatley; David Robinson, investment officer at NELC; Rob Walsh, chief executive of NELC and Paul Ticehurst, commercial director at Velocys.
“We fought hard to get that dispensation, and looking at other things I am pushing for - free port trade zones for example - it does show that if you can get them over the line they act as a magnet for inward investment. Hopefully this is just the start of things to come.”
As well as a constituency interest, with up to 100 permanent jobs and many more in construction eyed up, Mr Vickers is vice chairman of the Conservative Back Bench Transport Group, having served the Transport Committee for five years.
The plant would take hundred of thousands of tonnes of non-recyclable waste and convert it into clean-burning, sustainable aviation fuels, producing enough to cover several Transatlantic routes annually, in a first step that could open even more opportunity on the South Bank.