Pensana picks Humber for UK rare earths facility

Pensana Rare Earths (PRE) has chosen a Humberside industrial park for a rare earths processing facility that could supply the renewables and electric vehicle (EV) industries in the UK. The prospective miner still needs to complete financing for its rare earths project in Angola, but said construction at the Saltend Chemicals Park plant could be done alongside the Longonjo mine. Saltend is already home to BP (BP.) and Ineos processing plants, among others. 

Pensana hired Wood Group (WG) in October to complete a scoping study into a UK plant that would turn the concentrate produced in Angola into a precursor product for rare earth magnets. The study will be finished in January. Pensana chairman Paul Atherley said a UK plant could mean greater home grown renewables construction capacity. 

For full article, click here – Pensana picks Humber for UK rare earths facility – Investors’ Chronicle

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