Business Secretary Kwasi Kwarteng has launched the build out of a new £150 million complex chemical engineering plant on the Humber Bank, where 125 jobs will be created.
Breaking ground at Saltend for the Pensana rare earths processing facility - where precious metals will emerge from for use in electric vehicles and offshore wind farms - he put the project in the fast line by confirming funding as his foot pushed the ceremonial spade into the ground.
And with government backing, together with news earlier this week that its bonds were verified as green investments, company chairman Paul Atherley is “very confident” the capital will now come to complete.
