October 16, 2008

Corus plan to invest GBP 60 million in Scunthorpe

It is reported that plans have been submitted for the first phase of a GBP 60 million investment to North Lincolnshire Council.

The cash is set to be spent by the BOC Gas Group as part of a 15 year deal to supply nitrogen and oxygen to the town's blast furnaces.

The work would see two pipelines laid above and below ground one almost three miles in length from the company's plant in Warren Road. A new air separation unit would also be built on the site, which has been supplying the steelworks for 50 years. It is designed to produce more than half a billion tonnes of oxygen and nitrogen a year and would be operational by June 2010.