Humber, Teesside and Thames will see the first tax sites established as part of the freeports package, Chancellor Rishi Sunak has confirmed.
Initial operations will be able to begin next month, the Treasury has confirmed, having announced the eight locations during the Spring Budget.
Humber Port director, Simon Bird, chairs the steering company, with ABP having put together and funded the bid in order to meet the timeframe.
“We have the company Pensana, having already announced its intention to develop a rare earths processing complex, confident in the delivery of a freeport….
Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.