A subsidiary of South Korean pipe maker SeAH Steel has confirmed that it plans to build a monopoly plant in Teesside, which it says will be the largest of its kind in the world.
The Teesworks industrial zone said this morning that SeAH Wind has confirmed plans to set up a monopoly battery plant worth £ 200m to £ 300m on Teesside, where it will be able to supply components for North Sea offshore wind farms using a brand new waterfront.
The plant is expected to produce 100 to 150 monopiles – large steel pipes that form the basis of offshore wind farm design – a year after it goes live in 2026, according to the update.
Teesworks claims the 90-acre site will become the world’s largest offshore wind turbine plant, creating 750 direct jobs and another 1,500 in the supply chain during construction.
Jusung Lee, CEO and President of SeAH Steel Holdings, said: “When SeAH reaffirmed its investment in the UK, the goal was to contribute to the UK marine wind industry by working with the UK government. We are excited to take the first but significant step towards this goal in Teeside We will strive to make our factory competitive worldwide and also become a good member of the community. “
The ad is something of a hit on Able Marine Energy Park at the Humber Estuary, which the developer has singled out as the preferred site for the plant when it originally announced its investment plans in July 2021.
However, now SeAH Wind intends to apply for the construction of a plant in Teesside in late March and awaits approval by early June, according to reports.
Tees Valley Mayor Ben Houhan welcomed the South Korean company’s decision to invest in the region, saying it would help Teaseide become “the UK’s leader in clean, environmentally friendly production”.
“SeAh is an internationally recognized manufacturing company with an incredible reputation for quality, and it’s a real coup that we’ve been able to secure their investment for Teesside,” he said. “In early July, shovels will be created for this factory, providing hundreds of well-paid and high-quality construction work that will create a huge plant that will create 750 direct jobs for locals.”
The plant is to be located next to the new South Bank Quay promenade, which is currently under construction to allow companies from Tease to ship turbine components directly to huge offshore wind farms in the North Sea. In October, Quay received £ 107 million from the UK Infrastructure Bank, making it the first-ever state-owned investment bank deal.
Hohen said the new waterfront has played a key role in attracting SeAH to Teesside. “We are not wasting time on clearing the ground and developing schemes like South Bank Quay, which has proven to be a great attraction for SeAH as well as for other businesses in the offshore sector,” he said. “Teesworks is fast becoming a place of excellence – the heart of the first British Freeport, we are developing the world’s first decarbonized industrial cluster thanks to Net Zero Teesside, and now we are the first area in the UK to have a monopoly plant.”
Redcar MP Jacob Young hailed the investment as “another unusual demonstration that Teesside is at the heart of Britain’s green industrial revolution”. “What is happening at Teesworks is bringing new, long-term and sustainable jobs to the people of our region,” he added.
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https://www.businessgreen.com/news/4044871/heart-uk-green-industrial-revolution-seah-unveils-plan-teesside-wind-turbine-component-plant “The Heart of the UK Green Industrial Revolution”: SeAH Unveils Teesside Wind Turbine Component Plant Plan