HFW Freeports Series | Freeports: Will they help commodities businesses?
The UK’s new Freeports will present some opportunities for commodities businesses, for example in the Tees Valley chemical industry. However, there are important limitations to this.
Previously in our series, we have introduced the new Freeports, looked at the how the customs regime will operate, assessed the recently published International Trade Committee Report on UK Freeports and considered the impact of Freeports on the UK offshore wind sector.
In this article, we turn our attention to the commodities sector. We will explore the extent of the opportunities that the proposed UK Freeports present for businesses operating in the commodities industry, using chemicals businesses located in and around Teesside as an example.