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==Economy== [[File:Port-Talbot-Steelworks.jpg|thumb|right|350px|Water vapour rises in front of the [[blast furnace]]s at [[Port Talbot Steelworks]]]] [[File:High Street, Port Talbot - geograph.org.uk - 1041928.jpg|thumb|right|High Street]] On 20 November 2007, the [[Department for Business, Enterprise and Regulatory Reform]] (BERR) granted consent for the world's largest [[biomass]] power station to be built at Port Talbot.<ref>{{cite news| url=http://news.bbc.co.uk/1/hi/wales/south_west/7105124.stm | work=BBC News | title=Β£400M Wood Chip Plant Approved | date=21 November 2007 | access-date=22 May 2010}}</ref> This is expected to provide enough electricity (from wood from environmentally-managed forests, mostly in North America) to supply half the homes in Wales with electricity. Potential future development currently centres around the [[A4241 road|peripheral distributor road]] to the south (the dual carriageway road in the Margam and Taibach areas was finished in 2013), [[Baglan Industrial Park]] and [[Baglan Energy Park]] to the west, Port Talbot Docks to the southwest, [[Margam Country Park]] to the east and the Afan Valley to the north. In March 2009 [[Neath Port Talbot County Borough Council]] announced a regeneration project for Port Talbot town centre and docks, with a master plan for new homes, offices, light industry, retail developments and improvements to the railway station.<ref>{{cite web|url=http://www.npt.gov.uk/default.aspx?page=4823&lang=en |title=NPT CBC β Port Talbot Consultation |publisher=Npt.gov.uk |date=15 August 2013 |access-date=25 November 2013}}</ref> In January 2021, permission was granted for a new Β£200m adventure resort to open in the Afan Valley. The resort will include ski slopes, zip wires, tree top high-wire courses, Bear Grylls Survival Academy, an aqua adventure park, an equestrian centre, mountain biking, BMX and skate parks, a luxury spa, central plaza with shops and restaurants, 100-bed hotel and 500 luxury lodges.{{cn|date=December 2022}} In May 2022, the Welsh Government announced that a [[Free ports in the United Kingdom|free port]] known as the Celtic Freeport was to be established in Port Talbot and in [[Milford Haven]]. This would focus on various low carbon technologies and aim to attract inward investment.<ref>{{cite web | url=https://www.gov.wales/wales-new-freeports-unveiled | title=Wales' new freeports unveiled }}</ref>
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