A TEESSIDE chemical company, which earlier this year said it may invest £200m locally in a new plant, has applied for planning permission for the project.
A spokesman for SABIC said while no decision had yet been made on whether the investment would come to Wilton, the move would help speed up development if the region is successful.
Paul Booth, president of SABIC UK Petrochemicals, revealed earlier this year that the company was hoping to secure construction of a new polypropylene plant at Wilton.
He said Teesside was one of two locations the company was looking at for a third European polypropylene plant. SABIC has now applied to Redcar and Cleveland Council for planning permission to build a new plant.
Polypropylene. a light-weight plastic, ends up in products including car bumpers, kitchen appliances and power tools.
Saudi Basic Industries Corporation (SABIC) bought Huntsman’s Teesside-based European Base Chemicals and Polymers business in a £372m deal at the end of last year.
The company is currently building a £200m polyethylene plant at Wilton.
“The final decision to proceed with the investment has not yet been taken,” added the spokesman.
“It will be several months before a final decision is made.
“But we have applied for planning permission now to save time and put us in a better position to proceed with the project if we get the go-ahead.”
Trade and Investment Minister Lord Digby Jones visited Wilton last week and paid tribute to the region’s process sector.
He said he was “excited” at the various projects on site, including SABIC’s new world-scale £200m polyethylene plant.