Pensana to use offshore wind to produce ‘ultra-low carbon’ magnet metal

London-listed Pensana has signed a letter of intent with Yorkshire Energy Park (Yep) which ensures access to between 4 MW and 10 MW of low-carbon electricity.

Pensana will use the low-cost and resilient supply of low-carbon electricity to power the Saltend rare earth separation facility and then later to power the conversion of neodymium and praseodymium (NdPr) oxide into magnet metal, making it the first in the world to use offshore wind to produce ultra-low carbon magnet metal.

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

Zero starts here

Pensana was invited as partner to the H2H Saltend project to present to the Board of Equinor an overview of its plans to establish an independent and sustainable rare earth supply chain and the joint study with Equinor

Pensana plc

Pensana GM to be held on Friday, 9 September 2022

Pensana plc (LON:PRE) has advised that a Notice of General Meeting and Form of Proxy has today been posted to shareholders. The Notice of General Meeting has also today been published on the Company’s website. The General Meeting

Pensana plc

Pensana breaks ground at rare earths processing facility

Rare earth metals company Pensana Plc, headquartered in London, UK, reports that it has broken ground at its rare earth processing facility at Saltend Chemicals Park, located in the Humber Local Enterprise Partnership in Yorkshire, where it plans

Pensana plc

Pensana starts building Saltend rare earths refinery

London-listed rare earths developer Pensana has broken ground at its Saltend rare earth processing hub, in the Humber Freeport, in England. The refinery is the first major rare earths separation facility to be built in more than a decade. Once

Pensana plc

Pensana breaks ground at Saltend and secures ATF funding

Pensana plc (LON:PRE) has today announced that it has broken ground at its Saltend rare earth processing hub. Highlights Ground breaking at Saltend rare earth processing hub, with attendance from Secretary of State for Business, Energy and Industrial

Pensana plc

Pensana rare earths Ground Breaking ceremony

Pensana plc, behind the new rare earths processing facility destined for land adjacent to the Saltend Chemicals Park, have announced they are holding a “milestone” Ground Breaking ceremony on Thursday 21 July 2022. The company says that over

No more posts to show