A £16.5 million grant to create 117 new jobs at a new chemical facility in Teesside and safeguard 747 jobs at two existing plants, was today announced by Trade & Industry Secretary Patricia Hewitt.
The Department of Trade and Industry (DTI) grant has been offered to Huntsman Petrochemicals (UK) (HPUK) as part of a £205m investment project.
The project is to build a new plant at Wilton, which will be the largest facility of its kind in the world producing low-density polyethylene, and to upgrade two existing aromatics plants, safeguarding 747 jobs.
“Teesside is one of the most important of our global locations and we are delighted that we will now enhance our presence here with this large, world class facility,” commented Peter R Huntsman, Huntsman President and CEO.
“It is good news for Huntsman, for the economy of the Northeast and for the UK as a whole,” added Mr Huntsman. “We have worked hard to make it a reality and the faith and confidence of the UK Government has been very important to the process.”
Huntsman manufactures products for a variety of global industries such as plastics, automotive, footwear, agriculture, health care, textiles, and packaging. Based in the United States, the company employs 15,000 people, has operations in 30 countries and in 2003 generated revenues of more than $9 billion.