Last spring the UK experienced a growth in reshoring manufacturing, following the industry trend in North America. 18 months later, how has this evolved and what will be the impact of Brexit?
Family-run, UK plastic injection moulding company Pentagon Plastics have continued to experience a resurgence in reshoring. Over the last year they have welcomed an increase in enquiries from customers that have previously used overseas suppliers.
Paul Edwards, Managing Director, highlights that companies looking to bring their manufacturing back to the UK ...
Reshoring got top billing a couple of years ago when Prime Minister of the day David Cameron launched a government-backed reshoring initiative. This saw UK Trade & Investment and the Manufacturing Advisory Service (MAS) form ‘Reshore UK’ (https://is.gd/dizale).
That was January 2014 and the initiative is no longer; just like MAS. Today we have ‘Growth Hubs’ and local enterprise partnerships (LEPs), but a search for ‘reshoring’ at the LEP network website (https://is.gd/zehipa) delivers no related returns.
So it is left to small trade association ...
Spending by US oil and gas companies is expected to rebound sharply this year as the industry responds quickly to the upturn in crude prices in recent months.
While the overall recovery in the global oil and gas industry is still sluggish, capital spending in North America will rise 27% this year, according to Barclays, based on a survey of more than 200 companies.
The projections suggest that the larger US exploration and production companies will raise spending on drilling and completing wells ...
Swansea Bay tidal lagoon is set to go ahead after a government report recommended the technology plays a role in the UK’s energy mix. The review, led by former energy minister Charles Hendry, comes over a year after plans for the Swansea demonstrator project were put on hold. It advocates the formation of a new Tidal Power Authority to oversee the tender process for large-scale tidal lagoons and maximise the benefit to the UK. Hendry also recommends that a pathfinder project ...
National Grid investment means Swindon plasma recycling plant will go ahead by early 2018.
National Grid’s Gas Distribution company has signed a £6.3 million deal to help fund the “world’s first” commercially operating bio-substitute natural gas plant in Swindon, which will make gas from household waste.
The deal completes financing for the project, which is being run by Go Green Gas and enables construction of the £25 million plant to start.
In the plant, waste and biomass is shredded and dried and “recyclates” such ...
A new wind farm that is capable of powering more than 40,000 homes has officially opened in South Ayrshire. Dersalloch wind farm, located on Dersalloch Hill, between Straiton and Dalmellington, has 23 turbines with a capacity of 69MW of electricity.
It is first of eight onshore wind farm projects, worth more than £650m, being delivered by Scottish Power Renewables. They will have a combined total of 221 turbines, capable of generating almost 500MW – enough to power 130,000 homes.
Pennon Group has decided ...
Royal Dutch Shell and BP warned investors not to expect a strong rebound in oil prices next year as they set out plans for further cuts in spending to contain rising debts.
The UK-listed oil majors both said they were planning for prices per barrel in the low $50s in 2017 – only a little above current levels – in a sign of the industry adapting to “lower for longer” market conditions.
Prices have stabilised recently after the sharp falls from $100 a ...
Carnegie Wave Energy, an Australian-based company, has been granted £9 million from the European Regional Development Fund to support the first phase of its planned 15MW commercial wave energy project at Wave Hub in Cornwall.
Wave Hub is the world’s largest and most technologically advanced site for the testing and development of offshore renewable energy technology.
The grant is part of the European Structural and Investment Funds Growth Programme 2014 - 2020, and forms 65% of the funding for stage one: a ...
The Scottish Government outlawed underground coal gasification (UCG) after a new report said it posed “serious environmental risks”. Energy minister Paul Wheelhouse told MSPs the controversial technique would have “no place in Scotland’s energy mix at this time”.
Energy firm Cluff Natural Resources planned to spend more than £250 million building the UK’s first deep offshore UCG plant at Kincardine in Fife, creating hundreds of jobs. It claimed the process could be worth £5.7 billion but shelved the proposals after the SNP ...
Production from UK oil and gas fields in 2015 increased for the first time in 15 years, but investment in exploration hit a record low as companies cut spending in response to low energy prices.
The 10.4% rise in output compared with the previous year was the result of a spate of new North Sea developments and technological innovations to maximise extraction from existing fields.
“As an industry we are producing at four times the rate we are discovering new reserves. This is ...