UK set to host rare earths processing hub in push for cleantech security

The UK is set to host a new US$195m rare earth processing hub that Pensana is building at the Saltend chemicals park on Humberside. It will become one of only three such facilities operating outside of China and comes as the UK has launched a new strategy to shore up supplies of the critical materials needed for the energy transition.

The facility is set to begin operations in 2023, and when it reaches full capacity in 2024 will produce 12,500 t/y of separated rare earths including around 5,000 tonnes of neodymium and praseodymium oxides. These are essential components of the magnets used in electric vehicle motors and wind turbine generators.

Pensana Chairman Paul Atherley said: “Our Saltend rare earth processing hub will be the world’s first independent and sustainable rare earth separation plant, with plans to produce 5% of the global magnet metals in 2024. This will play a vital role in transforming the UK’s EV and offshore wind industries, as well as creating high value local jobs in the Humber region.”

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:
Facebook
Twitter
LinkedIn
Pensana plc

More articles like this

Pensana plc

Pensana advances preparatory works for Longonjo project in Angola

Preparatory works are forging ahead smoothly at rare earths mining company Pensana’s Longonjo project in Angola, with main construction expected to start in May and cold commissioning to follow in August 2025. Longonjo is one of the world’s largest undeveloped rare earth

Pensana plc

Pensana site preparation works well underway at Longonjo

Pensana plc (LON:PRE) has provided the following update on the Longonjo project: Concrete foundations have been poured for the 316-person modular camp manufactured in South Africa for despatch to site later this month. The on-site team, under

Pensana plc

Rare Earths industry undergoes evolution in energy transition

The rare earths industry continues to evolve under the energy transition. Decarbonisation of key sectors such as transport and increasing renewable energy generation is driving demand for rare earth permanent magnets. Global supply also remains strong

Pensana plc

Pensana progressing activities at Angola project

London-listed Pensana has made significant strides at the Longonjo mine site in Angola ahead of main construction starting later this year. The company is currently busy with civil works for the camp, the rehabilitation of the access road to the