Oil & Gas News – Early October 2022

Tees Valley will host a new £20 million competition, where successful bidders will push the boundaries of hydrogen to see how it can be used to create a cleaner and more efficient transport sector. Hydrogen, which produces no carbon emissions when used as a fuel, has an abundance of potential yet to be unlocked. The Hydrogen Transport Hub competition will encourage growth in this vital sector. As part of the competition, run by Innovate UK, businesses and research groups will collaborate to discover ... Read more

Energy News – Early October 2022

Billions of pounds worth of investment and thousands of jobs will come to Nottinghamshire after a site in the region was chosen as the home of what is hoped to be world’s first commercial prototype fusion energy plant. Jacob Rees-Mogg, Secretary of State for Business, Energy and Industrial Strategy, announced on October 3 that West Burton A, near Retford, is due to be the first site in the world to develop a commercial power station that will use the energy produced by ... Read more

Defence News – Early October 2022

Engineering specialist, Sheffield Forgemasters, has published financial results for the period to 31 March 2022 following its acquisition by the Ministry of Defence in August 2021. The financial statements cover the 15-month period ended 31 March 2022 and report revenue of £130.6m, up from £71.9m for the 12 months ended 31 December 2020, and operating profit (pre-exceptionals) of £0.6m. The accounts highlight significant headwinds which affected the company’s performance, including the effects of Covid-19, high energy costs and the Russia-Ukraine conflict. https://www.thebusinessdesk.com/yorkshire/news/2100563-manufacturers-performance-impacted-by-pandemic-war-and-energy-costs?utm_source=newsletter&utm_medium=email&utm_campaign=Yorkshire_13th_Oct_2022_Daily Read more

Automotive News – Early October 2022

New car market up as plate change September marks one million EV milestone. 225,269 units registered in key ‘new plate’ month – up 4.6% on last September, but -34.4% behind 2019. Bumper month for plug-in registrations sees Britain’s millionth plug-in electric car registered, with 249,575 joining roads in 2022 alone. Industry calls for action to shore up consumer confidence as market enters final quarter. The UK new car market recorded its second successive month of growth in September, with registrations rising 4.6%, ... Read more

Steel News – September 2022

UK steel company secures $865 million to build manufacturing plant in Saudi Arabia. The funds will be used to establish an integrated manufacturing plant within Ras Al-Khair Industrial City in the Kingdom, which is said to produce approximately 1.8 million tons of steel billets. UK-based J.O. Steel Holdings PLC has secured a $692 million credit facility from a consortium of banks and financial institutions led by Saudi British Bank (SABB), the company said in a statement. https://www.arabianbusiness.com/industries/construction/uk-steel-company-secures-865-million-to-build-manufacturing-plant-in-saudi-arabia   Read more

Railway News – September 2022

CAF has been chosen by RTM (Régie des Transports Métropolitains), which operates the entire Marseille public transportation network, to supply 15 new trams. The contract is worth €57 million and includes an option to increase the number of trams depending on the delivery of planned network extensions. https://news.railbusinessdaily.com/caf-to-supply-15-trams-to-marseille/ ____________________ Locomotive leasing company, Mitsui Rail Capital Europe (MRCE), has ordered 14 Vectron MS multisystem locomotives from Siemens Mobility on the basis of an existing contract. With this order, MRCE will have a fleet of 147 Vectrons. ... Read more

Nuclear News – September 2022

GE Hitachi Nuclear Energy (GEH) and Sheffield Forgemasters have agreed to cooperate in support of the potential deployment of the BWRX-300 small modular reactor (SMR) in the UK. Through a memorandum of understanding GEH and Sheffield Forgemasters agree to discuss how the Sheffield-based company’s existing and future capabilities could help meet the potential demands of BWRX-300 deployment. The government plans to increase nuclear power generation by 24GW, or 25% of expected demand, by 2050. Each BWRX-300 reactor provides 300MW of electricity, enough to ... Read more

Defence News – September 2022

The UK Ministry of Defence (MoD) is seeking to establish a network of suppliers capable of 3D printing military-grade spare parts on-demand. As part of ‘Project TAMPA,’ the MoD aims to create a multi-supplier framework with the capacity to 3D print lighter, stronger metal parts as and when they’re needed. If this can be achieved, the UK government department anticipates being able to drive down military equipment and weaponry lead times, while improving the availability of difficult-to-source obsolete components. https://3dprintingindustry.com/news/uk-mod-to-flex-up-supply-chain-by-3d-printing-military-spares-in-5m-tampa-project-215086/ Read more

Manufacturing News – September 2022

A significant majority of UK manufacturing SMEs are predicted turnover growth in the next 12 months, new research from Paragon Bank has found. A survey of over 1,000 SMEs, conducted by Opinium on behalf of Paragon found that, despite wider economic challenges, 45% of firms in the sector are expecting turnover to increase, with a further 30% planning for it to stay at its current level. Optimism within the sector is matched by plans for investment, with 55% of manufacturing SMEs set to ... Read more

Aerospace News – September 2022

GKN Aerospace has completed its largest structural titanium additive manufacturing (AM) demonstration to date with the production of a component measuring 8 feet (2.5 meters) and processed from approximately 100 pounds of titanium. The demonstration, conducted in collaboration with aircraft manufacturer Northrop Grumman, focused on the additive manufacturing process of laser metal deposition with wire (LMD-w), which successfully doubled the scale of previous components produced. The ability to scale additive manufacturing technology–also known as 3D printing—for large aerostructure components has a wide ... Read more
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