Friday 6th January 2023
A recent LPG industry census shows confidence in the industry is high and a renewable future is deliverable, as industry is set to invest £260 million into renewable liquid gases, and £300 million into LPG between May 2021 and May 2023.
George Webb, CEO at Liquid Gas UK, explains that the recently published LPG Industry Census 2022 has evidenced that through strategic investments and a strengthened workforce, there is great potential for growth in the LPG and renewable liquid gases industry.
“Paired with the significant investment in renewable liquid gases announced earlier this year, and despite significant economic uncertainty in recent years, the census shows there are no signs of industry growth slowing,” he says.
“Firstly, industry is on track to achieve the £600 million investment in LPG which was forecast in the 2020 census.
“In addition, over two thirds of the investment in the next year is set to be strategically focused on cylinders and tanks, strategic storage, infrastructure and assets and fleet. The workforce is also shown to be strong with 4,000 people currently employed in the sector across the UK, which is an increase in 600 jobs since 2020.
“This all helps to ensure sufficient supply for LPG customers and shows that future resilience of the industry is a clear priority,” he explains.
On top of this, Mr Webb says that the census showcases industry’s ability to reach the 100% renewable by 2040 goal.
“The LPG and renewable liquid gases industry committed to a renewable future to ensure that rural, off-grid homes and businesses across the UK can all play their part in reducing carbon emissions. Renewable liquid gases have a critical role to play in the transition to low carbon heating.
“The census shows that £260 million is set to be invested in renewable liquid fuels such as rDME and bioLPG, which will be key in helping the LPG and renewable liquid gases industry to deliver a renewable future.
“We’re pleased to see over 60 businesses in the LPG sector respond to this survey.
“We’re looking forward to continuing to deliver for rural people with a sustainable, flexible energy source, which is fit for today and the future,” he concludes.
To read the LPG Industry Census 2022, visit https://www.liquidgasuk.org/policy/lpg-industry-census-2022
The trade association for the LPG and bioLPG industry in the UK