A new scheme which aims to develop a net zero industrial zone in South Wales by 2040 will benefit from nearly £20m funding and could create 5,000 new jobs.
The scheme is one of nine green tech projects across the UK benefiting from a pot of £171 million UK government funding to cut emissions from industry and part of a wider package of measures including an ambitious blueprint to deliver the world’s first low-carbon industrial sector.
The £20 million funding will support the development of a South Wales Industrial Cluster, stretching from Pembrokeshire to the Welsh-English border. This project aims to create a sustainable plan for the region through the production and distribution of hydrogen power, cleaner electricity production that uses carbon capture technologies, hydrogen-rich natural gas and large industry decarbonisation through fuel switching and the production of cleaner transportation fuels.
Secretary of State for Wales Simon Hart said: “Developing South Wales into a net zero industrial zone by 2040 will create thousands of jobs at the same time as delivering improvements in the local environment. Reaching the UK Government’s climate targets will require significant change across our economy, but in South Wales and elsewhere we will achieve our goals in a way that protects jobs, creates new industries and encourages economic growth.”