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Chems firms set to benefit from UK’s batteries push, says report

Thu, 07/05/2018 - 12:21 -- Xuan Zhong
Chems firms set to benefit from UK’s batteries push, says report

The UK has a “massive opportunity” to develop a GBP2.7 billion ($3.5bn) chemicals industry and supply chain on the back of investing in electric vehicle battery manufacturing, according to a new study.

WMG, an academic department of the University of Warwick, said in its report released on 25 June UK companies are “well-placed to supply valuable materials needed for batteries to be built in UK”.

 

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