Rare earth metals company Pensana Plc, headquartered in London, UK, has signed a cooperation agreement with energy provider Equinor New Energy Limited for recycling end-of-life magnets at Pensana’s rare earth hub in Saltend Chemicals Park, Yorkshire, UK. The joint working group will share technical and commercial information on the use of hydrogen in a low-energy method for recycling permanent magnets.
“We are establishing a world-class, independent and sustainable, rare earth processing facility at Saltend Chemicals Park,” commented Paul Atherley, Pensana’s chairman. “We are also looking to process end-of-life magnets from wind turbine nacelles using hydrogen’s properties as a powerful reductant. We very much look forward to working with Equinor using hydrogen from the H2H Saltend project in establishing this innovative process route as a key component in the circular economy for rare earth magnets in the UK.”
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.
