Rare earth exploration and development company Pensana has partnered with a Swedish electric performance car brand on a project to create a climate-neutral car.
The Polestar 0 project aims to identify and eliminate all greenhouse gas emissions from the extraction of raw materials to when the car is delivered to the customer and onwards to the end of vehicle life.
Polestar has teamed up with like-minded partners across the entire value chain, from raw material suppliers to retailers, with Pensana among those to be invited to join the collaboration.
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.