Displaying items by tag: £30m investment

22nd March 2018

Significant Investment Puts Belfast Harbour at Heart of Hi-Tech Coal Industry

#BelfastHarbour - A total investment of £30M by Belfast Harbour and Northern Ireland-based LCC Group have put the city at the centre of the global supply chain for hi-tech coal.

Since opening last year, LCC’s £12M facility has handled almost 500,000 tonnes of processed coal which is exported directly across the world to destinations such as Saudi Arabia, Australia, Scandinavia, mainland Europe and North Africa. LCC’s investment and export opportunity is built upon a circa £20m investment by Belfast Harbour in recent years to enhance its deep water and cranage capability.

The LCC facility, the most sophisticated of its kind in the world, removes impurities from coal. The coal can then be used to produce ferro alloy and silica metals which are used in the manufacture of hi-end products such as solar panels and medical equipment. LCC imports coal to Belfast from Columbia for processing before onward export.

Over 130 direct and indirect jobs are supported by the operation including engineers, lab technicians and port support services.

Michael Loughran of LCC Group, said: “This £12m investment means that LCC operates one of the most environmentally friendly, state-of-the-art coal processing facilities to be found anywhere in the world. In addition to creating 30 new jobs and up to 100 indirect jobs in supporting sectors, the facility has put Belfast at the heart of the global hi-tech coal industry.

“Working in partnership with Belfast Harbour and building upon its investments in port infrastructure, LCC is now to the fore of the emerging clean-tech coal sector. The facility is designed to meet the most stringent 21st century environmental standards, and uses the most up-to-date technology to combat potential air and water pollution.”

Michael Robinson, Belfast Harbour’s Commercial Director, added: “In recent years Belfast Harbour has invested around £20m in a new deep-water quay and new larger cranes to enhance its bulk cargo operations in anticipation of our customers’ future needs. This has enabled the Port to handle ever larger vessels and accommodate LCC’s new facility beside its main bulk handling quay at Stormont Wharf.

“Belfast Harbour is now handling direct export shipments to Saudi Arabia for the first time in its history and recently exported bulk cargo to Australia for the first time in living memory. This new trade is also supporting jobs across a wide range of port services including stevedores and hauliers.”

As alluded above the port handled a shipment to Saudi Arabia last week which involved 20,000 tonnes of processed coal.

Published in Belfast Lough

Tagged under

About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.