Pensana plans UK rare earth metals facility

Pensana has adopted a business plan to seek to establish, subject to funding, a world-class, independent and sustainable supply chain of the rare earth metals vital for electric vehicle, wind turbine and other strategic industries.

This involves establishing the world’s first sustainable rare earth separation facility at the “plug and play” Saltend Chemicals Park (SCP) in Humber, UK.

This facility would have a target production of circa 12,500 annualised tonnes of rare earth oxides, including 4,500 tonnes of magnet metal rare earth oxides (NdPr), which would represent approximately 5% of 2025 projected 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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Pensana plc

More articles like this

Pensana plc

Pensana plans $125M rare earth separation facility in England

UK-based Pensana plans to build, subject to funding, a US$125-million sustainable rare earth separation facility at the Saltend Chemicals Park in Humber, UK. Targeted production is around 12,500 annualized tonnes of rare earth oxides, including 4,500 tonnes of magnet metal rare

Pensana plc

Building a robust magnet supply chain for the UK

The Advanced Propulsion Centre (APC) accelerates the industrialisationof technologies that will help to realise net-zero emission vehicles. It is at the heart of the UK government’s commitment to end the country’s contribution to global warming by 2050. Since

Pensana plc

Rare Earth Elements to make a strong comeback

After a minor setback in 2020 due to disruptions arising from COVID-19, the rare earth elements market is expected to see a solid recovery in 2021, principally supported by activities by several national governments and global bodies to mitigate carbon

Pensana plc

What are rare earth metals and what are they used for?

Until the late 20th century, rare earth metals were not familiar to many people outside the chemistry, geology and specialized engineering fields. But with the advent of modern technology, they have gained considerable visibility because of their specialized