Pensana Rare Earths facility at Saltend

A planning application to build the UK’s first rare earth materials processing facility on vacant land adjacent to the Saltend Chemicals Park (East of Paull Road) has been approved by the planning committee of East Riding of Yorkshire Council (26 May 2022). 

When constructed, the facility is expected to produce 4,500 tonnes of Rare Earth Oxides which will be refined by Pensana PLC and used in the creation of powerful magnets for wind turbines and electric vehicles.

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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