Humber Freeport attracts £1bn of investment as ‘success story’ shared at summit

Humber Freeport tax sites have already attracted £1bn of investment which will create up to 600 jobs across the region, a major decarbonisation conference has heard.

Humber Freeport’s Interim CEO Simon Green told an event during The Waterline Summit that “tangible success” is already being seen at tax sites in Hull and Goole. Major investments announced have included Finnish company Metsä Tissue’s plans to build the UK’s largest tissue paper mill in Goole, creating more than 400 jobs on site.

At Saltend Chemicals Park, part of the Hull East tax site, Pensana is investing more than £150m in a rare earth processing facility, while Meld Energy plans to invest £180m in a green hydrogen production facility at the site. Mr Green joined a panel of experts on the final day of the summit, discussing the importance of collaboration to drive clean growth.

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Pensana plc

More articles like this

Pensana plc

Unlocking Angola’s untapped mineral wealth

Angola, the seventh-largest country in Africa, is most well-known for being one of the region’s biggest oil exporters. The commodity provides around half of the country’s fiscal revenues, yet it is not oil that is piquing renewed

Pensana plc

Pensana reports enriched rare earths findings in Angola

UK-based rare earths developer Pensana has reported trench and pit sampling results that confirm a 6 ha, enriched laterite at Sulima West, in Angola, grading at 2% to 3% total rare earth oxides (TREO). These analytical

Pensana plc

Pensana advances preparatory works for Longonjo project in Angola

Preparatory works are forging ahead smoothly at rare earths mining company Pensana’s Longonjo project in Angola, with main construction expected to start in May and cold commissioning to follow in August 2025. Longonjo is one of the world’s largest undeveloped rare earth