UK Government Finances Europe’s Largest Methane Store

The British energy sector has secured yet another boost as a £230m loan from the UK government is secured to build the Grangemouth plant.

This comes a few weeks after the confirmation of Europe’s largest offshore wind farm and further oil wells were confirmed to be built in the country which also offers major opportunities for jobs and further investment in the construction industry.

The view is to turn Grangemouth plant into a shale gas based facility by 2016 so that it can compete in world markets by 2017. Chief Secretary to the Treasury Danny Alexander said of the plans

“Over £1bn of infrastructure projects have now been brought forward as a result of the UK guarantees scheme and £36bn worth of projects are pre-qualified,”

Britain has been making a concerted push in recent months to establish major energy infrastructure and further projects on the horizon could make now the opportune time to invest in energy and construction.

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