Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Birmingham Post

Business

David Laister

First view of how Pensana's rare earth plant will look at Saltend

Pensana Paul Arley

A new image showing how the £150 million Pensana rare earths facility will look has been released.

The visualisation, looking south from the A1033 shows the complex chemical engineering facility from where magnet metals will be sourced to feed into the electric vehicle and wind turbine markets.

Moved from an initial site within Saltend Chemicals Park to the front of the former BP industrial facility, the switch was consented by East Riding of Yorkshire Council in May, ahead a ceremonial groundbreaking by Pensana chairman Paul Atherley and now-Chancellor Kwasi Kwarteng in July. It was one of his last acts as Business Secretary.

Read more: 240 jobs and huge new factory planned as Paneltex wins huge Volta Trucks contract

The release came after the London-listed firm reached an agreement for the sale of 25 per cent of the proposed production from the plant.

It has signed a memorandum of understanding with an as yet unidentified "non-Chinese major industry player" in the market for the materials that are in high demand in burgeoning green sectors.

Further to the initial announcement to the City, Mr Atherley said it represented an “important step in finalising the financing for the project”.

A total of 125 highly skilled jobs will be created ahead of commissioning.

Read next:

Drax agrees deal for US pellet plant stake as it vehemently defends Canadian forestry work amid BBC claims

Scunthorpe MP encouraged by talks between British Steel and government over energy costs

Delays and costs mount at Tricoya UK Hull plant with production unlikely this year

Quarrying specialist Singleton Birch bought out by US lime giant

All your Humber business news in one place - bookmark it now

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Japanese Scramble To Buy Beloved Rice As Shortages Bite

Japanese Scramble To Buy Beloved Rice As Shortages Bite

The threat of a "megaquake", a series of typhoons, and a week-long national holiday have some Japanese scrambling to buy rice -- the nation's cherished staple food -- with the government warning Tuesday against panic buying.

International Business Times

Notting Hill Carnival: Mother among three fighting for their lives after stabbings with 330 arrests at event

Notting Hill Carnival: Mother among three fighting for their lives after stabbings with 330 arrests at event

Scotland Yard say they are ‘tired of seeing crime scenes at Carnival’

Evening Standard

Dagenham: Mother who fled huge blaze in block of flats says fire gate had been 'padlocked shut'

Dagenham: Mother who fled huge blaze in block of flats says fire gate had been 'padlocked shut'

The mother-of-two described how she felt like she was going to die when she came across a fire escape that had been cut off during the blaze

Evening Standard

Dagenham fire: 'Unsafe cladding' to form part of probe into cause of huge blaze in east London

Dagenham fire: 'Unsafe cladding' to form part of probe into cause of huge blaze in east London

Twenty people were rescued and more than 80 people were evacuated from the building, which had ‘known’ fire safety issues

Evening Standard

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

UN Nuclear Head To Visit Russian Plant Near Fighting

UN Nuclear Head To Visit Russian Plant Near Fighting

UN nuclear watchdog head Rafael Grossi is to visit Russia's Kursk nuclear plant on Tuesday to "independently assess" events following Ukraine's unprecedented cross-border offensive into the Russian region.

International Business Times

Japan Says Chinese Aircraft Incursion 'Serious Violation'

Japan Says Chinese Aircraft Incursion 'Serious Violation'

Japan slammed on Tuesday what it called the first confirmed incursion by a Chinese military aircraft into its airspace as a "serious violation" of its sovereignty, saying it was part of a pattern by Beijing.

International Business Times

Related Stories

Top stories on inkl right now

Japanese Scramble To Buy Beloved Rice As Shortages Bite

Japanese Scramble To Buy Beloved Rice As Shortages Bite

The threat of a "megaquake", a series of typhoons, and a week-long national holiday have some Japanese scrambling to buy rice -- the nation's cherished staple food -- with the government warning Tuesday against panic buying.

International Business Times

Notting Hill Carnival: Mother among three fighting for their lives after stabbings with 330 arrests at event

Notting Hill Carnival: Mother among three fighting for their lives after stabbings with 330 arrests at event

Scotland Yard say they are ‘tired of seeing crime scenes at Carnival’

Evening Standard

Dagenham: Mother who fled huge blaze in block of flats says fire gate had been 'padlocked shut'

Dagenham: Mother who fled huge blaze in block of flats says fire gate had been 'padlocked shut'

The mother-of-two described how she felt like she was going to die when she came across a fire escape that had been cut off during the blaze

Evening Standard

Dagenham fire: 'Unsafe cladding' to form part of probe into cause of huge blaze in east London

Dagenham fire: 'Unsafe cladding' to form part of probe into cause of huge blaze in east London

Twenty people were rescued and more than 80 people were evacuated from the building, which had ‘known’ fire safety issues

Evening Standard

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

UN Nuclear Head To Visit Russian Plant Near Fighting

UN Nuclear Head To Visit Russian Plant Near Fighting

UN nuclear watchdog head Rafael Grossi is to visit Russia's Kursk nuclear plant on Tuesday to "independently assess" events following Ukraine's unprecedented cross-border offensive into the Russian region.

International Business Times

Japan Says Chinese Aircraft Incursion 'Serious Violation'

Japan Says Chinese Aircraft Incursion 'Serious Violation'

Japan slammed on Tuesday what it called the first confirmed incursion by a Chinese military aircraft into its airspace as a "serious violation" of its sovereignty, saying it was part of a pattern by Beijing.

International Business Times

Our Picks

55 Reaction Memes To Whip Out In The Group Chat When Your Friends Are Acting Dumb

Is your friend acting like an insufferable clown? Let them know it by dropping one of these in the chat! The post 55 Reaction Memes To Whip Out In The Group Chat When Your Friends Are Acting Dumb first appeared on Bored Panda.

"London was implicated in the collusion of a fat music industry bloated on cocaine and bereft of direction": How London lost its lustre

There was a time when all rock and pop roads led to London; you couldn't move without tripping over an icon or a star. Those days are long gone

Charli XCX Responds to Claims Taylor Swift Inspired Her Song "Sympathy Is a Knife"

"I don’t want to be in those situations physically when I feel self-doubt."

Ben Affleck Reportedly Hasn't Been in Contact with Jennifer Lopez's Children at All

"It’s like he left, but she is especially close to his kids."

‘Job applications at MI5 went through the roof’: how we made Spooks

‘We killed off Lisa with a deep fat fryer in episode two – to show that no one was safe. I heard that JJ Abrams played it to his writers and said, “This is how you do it!”’’

The Guardian - UK

In domestic violence cases, police are more likely to make arrests when pets are abused, too

Nearly two-thirds of U.S. households have at least one pet, and almost all see their pet as a family member.

The Conversation

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play