Business
Hull proposed as site of Europe’s first processing plant for rare earths – Financial Times
Pensana seeks approval for facility to produce oxides vital for offshore wind sector
Europe’s first rare earth processing plant could be built in Hull to supply the booming offshore wind industry.
Pensana Rare Earths has submitted a planning application for the $125m facility, which would create 100 direct jobs. The company would produce rare earth oxides, which are used to manufacture the powerful magnets that drive the motors of offshore wind turbines and electric vehicles.
Paul Atherley, chairman of Pensana, said the company chose Hull because of its port and world class infrastructure….
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