Humber Freeport has launched with a mission to drive hundreds of millions of pounds of investment and at least 7,000 new jobs.
The freeport will harness the unique potential and location of the Humber to stimulate economic growth, skills development and inward investment in both established and emerging industries.
Huge opportunities to build on the region’s fast-growing renewable energy industries have already been identified, as well as potential investment in the chemicals, logistics, advanced manufacturing and technology sectors.
Humber Freeport will build on significant ongoing investment in the region, including Pensana’s £150m rare earth metals processing plant, now under construction, and plans by Meld Energy to invest £180m in a green hydrogen production facility, both at Saltend Chemicals Park, east of Hull, which sits within the freeport footprint.
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.
