Pensana progress as site works commence ahead of big new year push

Vital pipework relocation is underway at the Saltend site for rare earth specialist Pensana, as it prepares for the main works to start early in the New Year.

A contractor working on behalf of Yorkshire Water is moving infrastructure to the western edge of the site boundary, where a £150 million separation plant will serve magnet metal-reliant industries, including offshore wind and electric vehicles.

Earthworks contracts are also set to be awarded imminently, with principal contractor Wood now on-site, and Pensana’s newly appointed owner’s team construction manager, Mark O’Rourke alongside.

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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