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 to use hydrogen to recycle end-of-life wind turbine nacelles.
H2H Saltend is Equinor’s flagship 600 megawatt low carbon hydrogen production plant with carbon capture which offers to reduce the site’s CO2 emissions by nearly one million tonnes annually; 30% of the Saltend Chemicals Parks’ total emissions.
Equinor is an international energy company operating across 36 countries and currently supplying over 25% of the UK’s gas requirements.
Pensana is currently in discussion with major offshore wind OEMs about providing an independent and sustainable supply of rare earths for the manufacture of the magnets to be used in the nacelles of the wind turbines going into the 50GW of offshore wind into the North Sea.
It is studying with Equinor, the use of low carbon hydrogen to be produced at Saltend, to recycle the 7 tonnes of permanent magnets in each of the 260 metre high 13MW Haliade X turbines being installed in the 3.6GW Dogger Bank windfarm.
Pensana secures conditional loan for Longonjo Rare Earth project
23rd January 2025
Pensana Plc (LON:PRE) secures financing for Longonjo rare earth project with Absa Bank approval. Chairman Atherley expresses gratitude for this milestone.