https://www.engineeringnews.co.za

Pensana receives green certification from CICERO

18th July 2022

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

London-listed Pensana has received certification from CICERO Shades of Green, an independent, internationally recognised provider of assessments on green bond frameworks.

CICERO is Norway’s institute for interdisciplinary climate research. It is independent of the financial and corporate sectors.

CICERO has rated Pensana as operating in line with its principles, based on the company’s plans to create a sustainable magnet metal supply chain through a rare earth processing facility at the Saltend Chemicals Park, in the Humber Freeport, in the UK, and a mining operation in Angola.

CICERO has also rated Pensana’s operations as ‘light green’ with a governance score of ‘good’.

The rating refers to transition activities and projects that reduce emissions or provide other environmental benefits.

“From the outset, the Pensana team has set out to develop an independent and sustainable magnet metal supply chain and it is extremely gratifying to receive a positive rating from an internationally recognised assessment agency of CICERO’s standing.

“The CICERO certification supports our ambition to establish in the UK world-class production of the critical magnet metals vital to the electric vehicle and offshore wind industries,” says Pensana chairperson Paul Atherley.

He outlines that the company’s aim is to produce ultralow-carbon magnet metal powered by private wire link to offshore wind at Saltend, supplied with high-value feedstock from its Longonjo mine, in Angola, powered by hydroelectricity.

“The CICERO assessment will be important for the proposed green bond issuance as it will broaden the range of institutional investors interested in the offering,” Atherley notes.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.046 1.293s - 140pq - 2rq
Subscribe Now