Major inward investor Pensana has revealed plans to recycle key wind turbine components as part of ambitions to create a circular economy centred on the Humber.
The rare earths specialist is building a £100 million complex chemical engineering plant at Saltend to kickstart the magnet metal supply chain in the UK.
Initial focus will be on materials it is mining in Angola, but it is eyeing up the opportunity created by hydrogen production on the neighbouring site.
Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.