LONDON, May 24 (Reuters) - The British government said on
Monday it will award 167 million pounds ($236 million) of
funding to help accelerate clean technology and energy
efficiency projects in heavy industries.
The funding is aimed at driving forward developments in
technologies which will be needed to bring down greenhouse gas
emissions to net zero by mid century. Those technolgies include
hydrogen-fuel, carbon capture and storage and solutions to
decarbonise heavy industries including manufacturing, steel,
energy and waste.
The funding will be awarded to innovators, businesses,
academics and heavy industry across Britain and help create
60,000 jobs, the government said.
"Today’s major cash boost – targeted at our most polluting
industries - will encourage the rapid development of the
technologies we need to reign in our emissions and transition to
a green economy, one that reduces costs for business, boosts
investment and create jobs," said energy minister Anne-Marie
Trevelyan.
Some of the companies who will receive funding are
Saint-Gobain Glass in north Yorskshire, Tate & Lyle in London
and Phillips 66 in Humberside.
($1 = 0.7064 pounds)
(Reporting by Nina Chestney; Editing by Simon Cameron-Moore)