Billingham CO2 plant in talks for government backing as price rise halts production
The UK’s biggest supplier of CO2 is in talks for financial backing from the government after rising gas prices caused a halt in production.
CF Fertiliser, which has a plant in Billingham as well as Cheshire, had to close down production as gas prices rose, causing a disruption in the supply chain that the government has said will be noticeable to consumers in less than two weeks.
The company is a producer of carbon dioxide, which is used by suppliers of meat, poultry and fizzy drinks.
Kwasi Kwarteng, business secretary, has been in talks with CF Fertiliser’s CEO as he aims to get production back on track.
He commented: “Time is of the essence, and that’s why I spoke to the CEO, speaking to him twice in the last two days, and we’re hopeful that we can get something sorted today and get the production up and running in the next few days.
“It may come at some cost, we’re still hammering out details, we’re still looking at a plan.
“I have to say if there is support provided, that will be on a temporary basis, that’s not something that we want to do indefinitely.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work