March 2022 – Big Cranes & Big Land Deals

Something large is coming to Immingham

Weighing in at 365 tonnes (without attachment), the world’s largest hydraulic crane is heading to the Port of Immingham as Associated British Ports invests £3 million to make quayside operations more efficient.

As reported on BusinessLive, the Mantsinen 300M Hybrilift has the reach and capacity to serve panamax size vessels and can handle as much as 1,500 tonnes of bulks per hour – far greater than the rope crane equivalents.

Simon Bird, Humber regional director for ABP, said: “Our investment in buying the world’s largest hydraulic crane shows our commitment to ensuring we have the best plant and equipment on the ports to service our customers’ needs. We’re also thrilled to be the first company in Great Britain to have this giant on our port.”

Investors considering North East Lincolnshire who are looking for advice on importing and exporting products through our ports are advised to contact our inward investment team.

Huge land deal paves the way

Green jet fuel developer Velocys has completed a major deal that could unlock a £100 million investment in its South Humber Bank plant.

The AIM-listed sustainable aviation specialist has sold its consented site at Stallingborough to energy infrastructure investor Foresight Group for £9.75 million.

Velocys chief executive Henrik Wareborn said “Velocys is pleased to have Foresight involved in the Altalto project, alongside British Airways. This is a further step in bringing our SAF (sustainable aviation fuel) enabling technology solution to market.”

Read more about the exciting Altalto Immingham project.

Offshore Wind Connections 2022 – April 27-28

Offshore Wind Connections is back for 2022. The exhibition that will be attended by many of the thriving offshore wind businesses in North East Lincolnshire will be held this year in Bridlington.

The conference and exhibition has grown in stature to become one of the leading and best known UK offshore wind events, and OWC2022 will be the ninth year it has been held.

With massive new investments announced in the Humber region over the past 12 months, OWC2022 is a must event for businesses wanting to make contacts that count and get the latest on this rapidly evolving, vibrant sector.

Orsted agrees £3b sale of Hornsea Two

Orsted has agreed the sale of a 50 per cent stake in Hornsea Two – the huge project soon to emerge as the world’s largest offshore wind farm – for £3 billion.

Duncan Clark, UK lead for Orsted, said: ‘We’re very much looking forward to working with our new partners and continuing to support the UK’s commitment to decarbonise electricity by 2035.

“Orsted has invested more than £14 billion in the UK to date, and when Hornsea Two becomes fully operational later this year, our wind farms will be supplying over 7 per cent of Britain’s electricity.”

Orsted will retain operational control, with works carried out from Grimsby, where it has its East Coast Hub.