Pensana PLC UK Gov commits GBP3.2Bn to EVs and offshore wind
01 Novembro 2021 - 07:00AM
RNS Non-Regulatory
TIDMPRE
Pensana PLC
01 November 2021
Pensana Plc
("Pensana" or "the Company")
UK Government commits GBP3.2 billion to electric vehicles and 40
GW of offshore wind, recharges ATF with a GBP350 million boost and
commits to UK Critical Minerals Strategy in 2022.
Chancellor Rishi Sunak in his Autumn budget and spending review
has announced over GBP3.2 billion of commitments to electric
vehicles and offshore wind in the UK to support the Net Zero 2050
and the Levelling Up agendas.
The commitments include:
-- GBP817 million for the electrification of UK vehicles and their supply chains,
-- GBP620 million for public charging infrastructure,
-- GBP1.4 billion Global Britain Investment Fund supporting
automotive manufacturing sectors and offshore wind with the target
of 40 gigawatts by 2030.
These new commitments follow the recently announced GBP350
million increased funding to the GBP1 billion Automotive
Transformation Fund to 'ensure the UK remains at the forefront of
the development and industrialisation of zero emission vehicle
technologies'.
The UK has also committed to publish a UK Critical Minerals
Strategy in 2022. Pensana is looking forward to assisting
Government and contributing to that strategy.
These Government commitments come at a time when Pensana is
completing its FEED for the establishment of a world class magnet
metal rare-earth processing hub located at Saltend Chemicals Park
in the Humber Freeport.
Saltend will be an important step in establishing a independent
and sustainable supply chain for the magnet metals critical for the
burgeoning electric vehicle and offshore wind industries.
Julian Hetherington, Automotive Transformation Director at the
Advanced Propulsion Centre said :
"I am delighted that this further GBP350m of government funding
will accelerate progress towards zero carbon footprint in
manufacturing in the UK. By tapping into the UK's expertise and
innovation, green jobs are created and safeguarded, and emissions
are lowered. This further tranche of capital funding will unlock
significant manufacturing capacity investment across these vital
technologies delivering on the net-zero commitment".
For further information:
Pensana Plc
Website: www.pensana.co.uk
Paul Atherley, Chairman / Tim George, contact@pensana.co.uk
CEO
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END
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