Regeneration of former Coryton oil refinery site will create 5,500 new jobs and expected to add £350 million per year to the local economy.
Thames Enterprise Park, a joint venture between ALMCOR and Greenergy, has been given the green light from Thurrock Council for one of the most significant brownfield regeneration projects in the South East of England.
Thames Enterprise Park will revive the former Coryton oil refinery site, initially delivering 3.7 million sq ft of advanced logistics, advanced manufacturing and next-generation energy technology uses. It will create up to 5,500 new jobs.
The development is expected to add more than £350 million per year to the local economy ultimately growing to more than £3.5 billion. It will transform 412 acres of brownfield land into a new commercial district with the first plots expected to be ready for development during 2023.
The development will have sustainability at its core and will comprise state-of-the-art construction to the highest standards of energy efficiency. It will help occupiers to deliver on ESG requirements and feature next generation energy technologies that contribute to the decarbonisation agenda.