Name of the Project
Saltend Chemicals Park rare-earth oxide separation facility.
Location
Saltend Chemicals Park, in Humber, Yorkshire, in England, in the UK.
Project Owner/s
London-listed Pensana Rare Earths.
Project Description
The Saltend Chemicals Park is a cluster of world-class chemicals and renewable-energy businesses, including bp Chemicals, Ineos, Nippon Gohsei and Air Products.
It is the world’s first major rare earth separation facility to be established in more than a decade, supplying critical magnet metals to advanced manufacturing industries, including for the manufacture of electric vehicles (EVs) and offshore wind turbines.
The project entails the development of a 4 500 t/y rare-earth oxide separation facility, which will produce neodymium and praseodymium.
Potential Job Creation
The project is expected to create 100 direct jobs once it is built and in operation.
Capital Expenditure
$125-million.
Planned Start/End Date
Not stated.
Latest Developments
Pensana has announced that its proposed rare earth processing facility at the Saltend Chemicals Park has received first-phase approval from the UK government’s £1-billion Automotive Transformation Fund (ATF).
The ATF seeks to support the national transition to EVs. The long-term programme is designed to enable the UK to build the world’s most comprehensive and compelling EV supply chain, supporting more than 160 000 jobs and creating export opportunities.
This UK’s electrified supply chain opportunity is estimated at £24-billion over the next five years.
The ATF is part of Advanced Propulsion Centre UK, which provides funding, support and insight to help the nation’s automotive industry transition towards a net zero future.
Recently granted freeport status provides the Humber zone with business tax and customs relief, as well as other potential tax incentives, which further assist Pensana in delivering sustainably sourced, high-value manufacturing products to European and international supply chains.
Key Contracts, Suppliers and Consultants
Wood Group (design).
Contact Details for Project Information
Pensana Rare Earths, email admin@pensana.co.uk.