Australia-based rare earth exploration and development company, Pensana, has signed an agreement with Norwegian state-owned energy company, Equinor, to develop a low-energy method to recycle end-of-life magnets from wind turbine nacelles at the Saltend Chemical Park – a rare earths hub in the United Kingdom (UK).
Pensana Chairperson, Paul Atherley, stated that this decarbonized power initiative will contribute to the production of a sustainable supply chain for critical materials and minerals, which are primarily imported from Pensana’s Longonjo rare earths project in Angola. A long-term supply of hydrogen for the chemical park will be sourced from Equinor’s flagship 600 MW Hydrogen to Humber (H2H) Saltend low-carbon hydrogen production facility.
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.