Warrington, UK (October 26, 2022) – MoltexFLEX is supporting a proposal that could see the Isle of Anglesey host Wales’ first freeport.
MoltexFLEX CEO David Landon met with Virginia Crosbie, MP for Ynys Môn, at Wylfa and Holyhead Port to discuss the plan and has written a letter of support for the bid.
Freeports are special zones that provide simplified customs processes, tax benefits and flexibility in development. The Anglesey freeport bid has the potential to support the nuclear industry and wider business in the area.
The island is home to the Wylfa nuclear power plant, which first became operational in the 1970s but has now been shut down and is being decommissioned.
“There is huge potential for nuclear development as part of the sustainable energy mix on the island, in particular at Wylfa Nwydd,” David said. “We urge the UK government to create the conditions which would attract the latest technologies and innovations to North Wales, including our own FLEX reactor technology.
“We believe the Anglesey freeport will stimulate investment in the local (and national) nuclear industry, and help move the UK closer to net zero,” he added.
MoltexFLEX is a subsidiary of Moltex Energy Limited, with its headquarters in Warrington, UK. It has developed the FLEX reactor – an advanced nuclear reactor which delivers clean, low-cost and reliable energy that complements renewables such as wind and solar. MoltexFLEX plans to have its first reactor operational by 2029. For more information, visit www.moltexflex.com.
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