COP26 and the freeport launch has brought about “the Humber’s moment for economic rebirth as decarbonising pioneers”, according to ABP chief Simon Bird.
The regional director chairs the steering company behind the successful bid, given the go-ahead in last week’s Budget.
Mr Bird said: “In addition to offshore wind, companies like Pensana Plc are looking to locate within this zone, to set up their rare earth processing facility which will produce materials that are critical to electric car and wind turbine production….
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.