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.
