First steps to establish a £100 million compex chemical engineering plant at Saltend have been taken.
Site clearance and ground-pegging has begun to plot the world’s first sustainable rare earth separation plant.
It will form the first part of a UK supply chain in magnet metals for electric vehicles and wind turbines.
Pensana, together with Saltend Chemicals Park owner PX Group and engineering partner Wood Plc, have moved quickly with the easing of restrictions.
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.