Breaking ground on the world’s first rare earth processing hub

BREAKING GROUND AT “PLUG AND PLAY” SALTEND CHEMICALS PARK JULY 2022

  • One of the first major rare earth separation facilities to be established in over a decade.
  • First to be established in a Freeport. Will create 450 jobs during construction and 125 high value full time jobs.
  • Recruitment of Chemicals team well underway. Wood group EPCM contractor.
  • Facility will produce 12,500 tpa of TREO including 4,500 tpa of NdPr oxides ~5% of 2025 world demand

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.

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