€22 million investment by CPL Fuels to create 142 new sustainable jobs in Foynes – Neville

Fine Gael Limerick TD, Dan Neville, has today (Friday) warmly welcomed the announcement by CPL Fuels Ireland that it is investing €22 million in a new manufacturing plant at Foynes Port, with the creation of 142 new jobs. Deputy Neville attended the official announcement, which was made by the Minister for Finance, Michael Noonan TD, and the Minister for the Environment, Phil Hogan TD, earlier today.

“This announcement will provide a very welcome boost to the town of Foynes. The new jobs being created include a range of roles, with about 100 people being employed directly at the plant and the remainder being employed in sales, distribution and plant maintenance. The €22 million plant will produce smokeless, low carbon, solid fuels to supply the Irish domestic heating market.

“As well as the creation of the 142, full-time sustainable jobs, about 150 jobs will be created during the construction phase over the next 18 months. The creation of almost 300 jobs will be a major boost for Foynes, and should have a very positive impact on the area.

“It is important to note that CPL has announced its intention to manufacture a smokeless product at the new Foynes plant, to service the Irish market. The development of fuel sources that are easier on the environment is especially important for the economy, and the Government has identified the green economy as a sector that has considerable potential for growth.

“It is clear that the Government’s decision to extend the smoky fuel ban was a major factor in CPL’s decision to locate their plant here. The company’s CEO, Tim Minett, referred to the ban at the announcement this morning, describing it as a very welcome initiative.

“I was also very encouraged to hear Mr Minett indicate that the operation in Foynes may be expanded in the years ahead. The company views this development as its first step into the Irish domestic market, and I hope Foynes will stand to benefit further from any increased investment the company may make in the future.”

ENDS