Monday, May 6, 2024

Companies share in millions from Government to reduce energy costs and cut carbon emissions

Companies in our region are to share in more than £24m from the government to reduce their energy costs and cut carbon emissions.

  • Magnavale Limited in Chesterfield is receiving nearly £372,000 to install a cutting-edge refrigeration system for food products that uses less energy than traditional systems.
  • Breedon Cement in Hope, Derbyshire is receiving over £231,000 for a feasibility study on using carbon capture technologies at their Hope site.
  • Lhoist UK Limited is receiving over £92,000 for a decarbonisation study at their Hindlow plant, near Buxton in Derbyshire, which manufactures high-quality lime.
  • Toyota UK in Derby is receiving over £282,000 to introduce new airless paint atomisers for their automotive site, which aims to reduce the amount of energy required for their painting processes by reducing the spray booth size and equipment.
  • Pioneer Foods Limited, a cereal manufacturer in Wellingborough, Northamptonshire, is taking forward three different projects, with grants of over £27,000, £29,000, and £136,000 respectively. The projects include exploring reusing waste wheat products as a biomass fuel, installing a biomass combined heat and power system, and improving the energy efficiency of their ovens.

The money will be used to help clean up manufacturing processes and improve their energy efficiency, and will come from the Industrial Energy Transformation Fund designed to support businesses using high amounts of energy to reduce their fossil fuel using innovative low-carbon technologies. This will help companies save on their energy costs, which in turn will safeguard British jobs and help grow the economy – one of the government’s five priorities.

Minister for Energy Efficiency Lord Callanan said: “We are leading the world in reaching net zero, having cut emissions by over 44% since 1990 – but to keep up this progress and achieve our green goals, we’ve got to transform our industrial sectors, as some of the industries most critical to our economy are also those with the highest emissions.

“We’re backing them with government funding to use the latest technologies to cut their emissions and their reliance on fossil fuels – helping to future-proof these industries as we grow our green economy.”

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