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Economic Development

MP upbeat on emerging policy framework to support Humber's grand decarbonisation plans

Martin Vickers addressed CBI-led roundtable with Humber industrial stakeholders

Stakeholders in the Humber 2030 Vision gather for a roundtable event, with Jonathan Oxley, centre, CBI Humber cluster director, and Cleethorpes MP Martin Vickers.(Image: Reach Plc)

A Humber Bank MP has given the industrial cluster he represents assurances progress is being made on clear policy to allow huge investments to be realised.

Martin Vickers, whose Cleethorpes constituency takes in the huge refinery and port complex at Immingham, was invited to the CBI-led event at which Lindsey Oil Refinery unveiled its £300 million plan.

It came as a growing chorus for urgency is heard, with the US and Europe emerging as strong competition in the first mover space for decarbonisation the º£½ÇÊÓÆµ currently holds.

Read more: Prax unveils £300m carbon capture plan for Lindsey Oil Refinery

Business model and regulatory framework is seen as key to those behind huge carbon capture and hydrogen plans.

Mr Vickers said: “It is an exciting time for the Humber and an exciting time to be the local MP. We have a great future if we can harness all the various components together.

“There has been a bit of uncertainty in Whitehall, I have to agree with that, but rest assured we have the people in place now, the Prime Minister, Chancellor and Business Secretary are going to be in place for the duration.

“There is real impetus behind the various Net Zero initiatives, great impetus and the government might not make the decision today, but the right decision will emerge in the coming months to fire up the proposed projects and provide clarity you are looking for.”