Port of Tyne Home About Us The Business Marine Services Media & Downloads News Contact Us Careers RSS Feeds | Site Map Site Search Looking to the Future Our Aim Our Organisation Looking to the Future Corporate Governance Port of Tyne Reflect Awards Supporting the community Heritage Sites History Key Facts Port of Tyne writer in residence Conventional & bulk cargo Car terminals Cruises & ferries Logistics Estates Marine & environmental services THE PORT OF TYNE IS STEPPING UP THE PACE IN THE RACE TO PROVIDE CLEAN, GREEN RENEWABLE FUELS FOR THE FUTURE WITH £180M INVESTMENT PLANS FOR ITS SOUTH BANK ESTATE IN SOUTH TYNESIDE On the back of several years of record growth, the Port has focussed its business strategy for further growth on renewable energy - ensuring thousands of jobs and helping the UK to meet its target of cutting carbon emissions by at least 15% by 2020. The proposals are to develop infrastructure and new facilities for handling, storage and transportation of imports of wood pellet, an important source of fuel for power stations, and to extend its main Riverside Quay at Tyne Dock, bringing jobs and economic benefit to the North East region. The Port is already the largest handler of wood pellet in Europe and the plans will enhance and expand its existing wood pellet storage facilities and associated quay and rail infrastructure. These developments if delivered in full will create 900 jobs in construction and a further 300 full-time operational jobs, supporting an additional 2,000 jobs in the area. This would take the Port's impact on the regional economy to well over £500m in Gross Value Added each year, and increase the number of jobs supported by 20% to a total of 12,000 jobs. The developments represent the biggest investment ever made by the Port and follow other, recent major investments, including the strategic land acquisitions of the former McNulty site in South Tyneside and Morston Quays in North Tyneside both of which increased the Port's landholdings by almost 10%, to 624 acres. Further plans under consideration for the future on its now enlarged Tyne Dock Estate include facilities for offshore engineering and development of key buildings such as an office headquarter building and environmental improvements to provide a natural buffer between industry and the developing town centre. Access to river views will be provided at an area nearby which will be specially designed for public use. The Port will work with South Tyneside Council to support its future plans for the adjoining Riverside Park and public amenities. In addition there are other plans for the Port's estate on the north bank of the River Tyne, in particular for additional investment on a large site within the North East LEP Enterprise Zone. The Port is currently marketing this site for offshore wind turbine manufacturing for the world's largest offshore wind farms in the North Sea. The Port continues to work with its existing customers to ensure facilities and services are developed to assist them in growing their businesses, including major companies such as Nissan, VW, Tetley and JML, who rely upon the Port's connectivity, facilities and services to get their products to market quickly and efficiently. The Port has already had its initial application to extend the Port's multi-functional berths at Riverside Quay by 100 metres approved and plans to provide the additional facilities for wood pellet including multi-purpose sealed storage and enclosed conveyor systems are now with South Tyneside Council for consideration. HOME ABOUT US LOOKING TO THE FUTURE Legal PolicyAccessibility Port of Tyne ©2014