29/07/2011

Manufacturers Back Gas As Energy Choice

Natural gas supplies in NI were in focus this week as the Stormont Enterprise Trade and Investment Minister Arlene Foster launched a new guide - jointly published by Manufacturing Northern Ireland and the Carbon Trust.

It has been designed to help local industry buy and use natural gas more efficiently.

Speaking at the launch the Minister said: "Over recent months, energy costs on world markets have been increasing and rising prices have impacted on the competitiveness of Northern Ireland companies.

"This new guide is a useful tool in helping businesses buy and use natural gas more efficiently. It highlights the importance of seeking quotations from a number of energy suppliers and provides helpful information on how to negotiate with them," she said.

Noting that manufacturing companies in NI collectively use more than 1,000 gigawatt hours of natural gas every year - that produces more than 184,000 tonnes of Co2 annually and is estimated to cost around £30m - the Chief Executive of Manufacturing NI, Bryan Gray (pictured, left) said: "Energy use is one of the most significant costs for the manufacturing industry in Northern Ireland.

"The cost of energy in the local market can make the difference between success and failure for a business.

"Competitive and stable energy costs are an absolute necessity in ensuring the cost base which manufacturing needs to help them compete globally.

"Northern Ireland needs manufacturing growth to help renew the local economy, restoring the growth we need to provide the jobs we need and pay for the better public services we deserve," he said, adding, "Manufacturing NI is a not-for-profit trade association which represents the interests of 500 local manufacturers across all sectors throughout Northern Ireland."

Significant

James Dunlop, Client Manager, Carbon Trust Northern Ireland (also pictured at the launch) said: "The Carbon Trust recognises that manufacturing companies play a significant role in the Northern Ireland economy.

"We are working with Manufacturing Northern Ireland (MNI) to better understand and support the opportunities for energy, cost and carbon savings in the sector.

"Improved natural gas procurement and best use of natural gas will lead to cost savings and improved competitiveness for local manufacturers," he concluded, adding that The Carbon Trust receives funding from Government including the Department of Energy and Climate Change, the Department of Transport, the Scottish Government, the Welsh Assembly Government and Invest Northern Ireland.

(BMcC/GK)

Related Northern Ireland News Stories
Click here for the latest headlines.

29 January 2024
The Ultimate Guide To Bingo Halls In Northern Ireland
Bingo, a game that has been a staple in Northern Ireland's entertainment scene for decades, continues to capture the hearts of enthusiasts across the region. In recent years, there has been a notable rise in bingo hall attendances, and some attribute this surge to the growing popularity and accessibility of bingo sites.
21 February 2024
Irish Govt Commits To Invest €800m In Northern Ireland
The announcement of an €800 million (£685m) investment in Northern Ireland by the Irish Government has been welcomed as a "significant contribution" by Finance Minister, Dr Caoimhe Archibald MLA.
08 February 2024
Online Business Ideas Gaining Traction In Northern Ireland
Are you looking for a new business venture that can be operated from the comfort of your own home? The rise of the internet has provided countless opportunities to start an online business and reach customers from all over the world.
06 February 2024
Naomi Long Re-Elected As Justice Minister For Northern Ireland
Alliance Party leader Naomi Long has been re-elected as Justice Minister for Northern Ireland, following a cross community vote in the Assembly. Minister Long previously held the Justice portfolio from January 2020 to October 2022.
15 December 2022
£1.2bn Impact of Supply Chain Issues On NI Manufacturers
Goods with a total value of over £1.2bn are awaiting completion in Northern Ireland manufacturers' warehouses because of supply chain delays, according to a new report released by Barclays Corporate Banking. The 'Chain reaction' report focuses on manufacturing businesses with over ten employees and looks at the impact of supply chain issues.