Sir­ius in mul­ti­mil­lion pound deal for port han­dling fa­cil­ity.

Yorkshire Post - Business - - BUSINESS / NEWS - Greg Wright DEPUTY BUSI­NESS EDI­TOR @greg­wrightyp

SIR­IUS Min­er­als, the com­pany be­hind a gi­ant mine in North York­shire, has agreed a multi-mil­lion pound con­tract that will help to re­gen­er­ate a former steel­works area.

Sir­ius Min­er­als’ gi­ant poly­halite Wood­smith Mine, near Whitby, is a £3.2bn cap­i­tal in­vest­ment project which is ex­pected to gen­er­ate £100bn for the UK econ­omy over the next 50 years. Apart from cre­at­ing 1,000, long-term, skilled jobs, the project is also set to sup­port 1,500 sup­ply chain jobs

Sir­ius has an­nounced that its sub­sidiary, York Potash Pro­cess­ing and Ports Ltd, and McLaugh­lin & Har­vey Ltd have en­tered into an en­gi­neer­ing, pro­cure­ment and con­struc­tion con­tract for the de­vel­op­ment of the port han­dling fa­cil­ity.

McLaugh­lin & Har­vey will build stor­age fa­cil­i­ties for around 250,000 tonnes of prod­uct, ship load­ing equip­ment, and a prod­uct screen­ing fa­cil­ity, be­side the Red­car Bulk Ter­mi­nal in Teesside.

The port fa­cil­i­ties will re­ceive the com­pany’s poly­halite fer­tiliser af­ter it has been trans­ported from the Wood­smith mine site, through the 23-mile un­der­ground min­eral trans­port sys­tem and pro­cessed into the fin­ished prod­uct at the Wil­ton Ma­te­ri­als Han­dling Fa­cil­ity.

Ben Houchen, the Mayor of the Tees Val­ley, said: “I am de­lighted to see yet an­other step for­ward for Sir­ius Min­er­als’ na­tion­ally sig­nif­i­cant project.

“The level of com­mit­ment to Teesside from this project is huge as it will con­tinue to gen­er­ate jobs for lo­cal peo­ple and help ex­pand our global rep­u­ta­tion.

“The suc­cess­ful de­vel­op­ment of the Sir­ius project will see over £400m in­vested in Teesside and will im­por­tantly see the re­gen­er­a­tion of the former Red­car steel­works port frontage.

“We ex­pect many more re­gen­er­a­tion projects will be an­nounced on the South Tees De­vel­op­ment Cor­po­ra­tion site very soon.”

Chris Fraser, in­set, the man­ag­ing di­rec­tor and chief ex­ec­u­tive of Sir­ius, said: “In 18 months, since the start of con­struc­tion, we have made great progress and are now near­ing the com­ple­tion of the pro­cure­ment pro­gramme to sup­port our stage 2 fi­nanc­ing process.

“The con­struc­tion of our port in­fra­struc­ture is an­other ex­am­ple of the level of in­vest­ment and skilled job cre­ation we are de­liv­er­ing in both Teesside and the UK as we de­velop a project that has the po­ten­tial to make the UK a world leader in the fer­tiliser in­dus­try.”

At peak pro­duc­tion the com­pany ex­pects to ex­port 20 mil­lion tonnes per year of POLY4 to mar­kets all over the world.

Off­take agree­ments have al­ready been signed with cus­tomers on four con­ti­nents for 8.2 mil­lion tonnes per year in peak ag­gre­gate vol­umes of POLY4.

McLaugh­lin & Har­vey, which was founded more than 100 years ago, is a spe­cial­ist de­signer and builder of ports. Poly­halite is a multi-nu­tri­ent fer­tiliser, which can be used to in­crease bal­anced fer­til­i­sa­tion around the world.

Sir­ius Min­er­als’ shares are traded on the Pre­mium List of the Lon­don Stock Ex­change.

Sir­ius also aims to pro­vide a long-term boost for North York­shire’s econ­omy by en­cour­ag­ing more pupils to fo­cus on STEM (sci­ence, tech­nol­ogy, en­gi­neer­ing and math­e­mat­ics) sub­jects at school.

Gareth Ed­munds, the com­pany’s ex­ter­nal af­fairs di­rec­tor, said: “We have a big fo­cus on STEM and on try­ing to help en­rich the cur­ricu­lum in schools and col­leges through­out the area.”

He added: “We do that to ben­e­fit all of the busi­nesses in the area.”

The level of com­mit­ment to Teesside from this project is huge.

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