Three sites in Local Enterprise Partnerships in the UK government’s Northern Powerhouse are being evaluated as part of the Wood Group study into a UK based integrated rare earth processing facility
Pensana is looking to establish a facility in the UK to process rare earths from its Longonjo mine in Angola with a view to creating the world’s fully sustainable mine to magnet supply chain for the burgeoning EV and Offshore Wind industries.
Three sites are currently being evaluated at Merseyside, Humber and the Tees Valley. Preliminary investigations indicate that each of these sites has skilled labour, reagents and power available at internationally competitive rates.
The study, which is expected to take approximately three months, has received widespread interest and will focus on sustainable development when considering the preferred process route, location, capital and operating costs, financing arrangements and available government incentives.
There is strong government support for investments in the green economy with the strategy to build back better, build back greener and to build back faster.
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