You can make a holiday home pay its way by renting it out when you’re not there
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
("Pensana" or the "Company")
Pensana awarded Green Bond Certification
Pensana is pleased to announce that it has received certification from CICERO, the leading independent provider of assessments on green bond frameworks.
CICERO Shades of Green (CICERO) is Norway’s foremost institute for interdisciplinary climate research, which is internationally recognised as a leading provider of independent reviews of green bonds. It is independent of the financial and corporate sectors and a multiple award winner of International Environmental Finance Assessment Awards.
CICERO has rated Pensana as 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 and mining 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.
Pensana Chairman Paul Atherley commented:
“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.
Our aim is to produce ultra-low carbon magnet metal powered by private wire link to Offshore Wind at Saltend, supplied with high-value feedstock from Longonjo 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.”
About CICERO Shades of Green
CICERO is a leading independent provider of second opinions on sustainability-linked bonds and financing frameworks to determine their environmental robustness. CICERO’s Second Opinions build on renowned climate research, drawing on competence from the CICERO Centre for International Climate Research, one of the world’s foremost institutes for interdisciplinary climate study. In the Second Opinion, CICERO assesses whether a given activity or technology supports a low-carbon and climate-resilient society in the long-term.
The innovative methodology used by CICERO is aligned to the International Capital Markets’ Association’s (ICMA) Green Bond Principles and issuance of an opinion provides robust independent verification that Pensana’s Saltend project is aligned to best practice in the climate financing sector.
For further information, please contact:
Paul Atherley , Chairman IR@pensana.co.uk
Tim George , Chief Executive Officer
Rob Kaplan , Chief Financial Officer
Virginia Skroski , Head of Investor Relations & Communications
Gordon Simpson / Richard Crowley Pensana-LON@fgsglobal.com
The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is Paul Atherley (Chairman).
The electrification of motive power is by far the most important part of the energy transition and one of the biggest energy transitions in history. Magnet metal rare earths are central to the transition away from internal combustion engines and critical to electric vehicles and offshore wind turbines.
Pensana plans to establish Saltend as an independent and sustainable processing hub supplying the key magnet metal oxides to a market which is currently dominated by China . The US$195 million Saltend facility is being designed to produce 12,500 tonnes per annum of rare earth oxides, of which 4,500 – 5,000 tonnes will be neodymium and praseodymium (NdPr), representing over 5% of the world market in 2025.
Pensana’s plug and play facility is located within the world class Saltend Chemicals Park, a cluster of leading chemicals and renewable energy businesses in the Humber Freeport and will create over 500 jobs during construction and over 125 direct jobs once in production.
It will be the first major separation facility to be established in over a decade and will become one of only three major producers located outside China .
Pensana is aiming to establish Saltend as an attractive alternative for mining companies who may otherwise be limited to selling their products to China , having designed the facility to be easily adapted to cater for a range of rare earth feedstocks.
Global Natural Fiber Reinforced Composites Market Global Natural Fiber Reinforced Composites Market Dublin, July 21, 2022 (GLOBE NEWSWIRE) -- The "Natural Fiber Reinforced Composites Market, by Fiber Type, by Polymer, by End-User Industry, by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering. The properties of Natural Fiber Reinforced Composites can be varied, as these materials are derived from both plant and animal
Global Automotive Event Data Recorder Market 2022-2026 The analyst has been monitoring the automotive event data recorder market and it is poised to grow by $ 1. 32 billion during 2022-2026, accelerating at a CAGR of 5.New York, July 22, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive Event Data Recorder Market 2022-2026" - https://www.reportlinker.com/p04611128/?utm_source=GNW 86% during the forecast period. Our report on the automotive event dat
The National Crime Agency said the arrests would also help shake the reputation of the capital as ‘Londongrad’.
Global Artificial Intelligence In Healthcare Market Global Artificial Intelligence In Healthcare Market Dublin, July 22, 2022 (GLOBE NEWSWIRE) -- The "Artificial Intelligence In Healthcare Market Size, Share, and Trends Analysis Report by Component (Software Solutions, Hardware, Services), by Application (Virtual Assistants, Connected Machines), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. The global artificial intelligence in healthcar
Britain risks becoming in thrall to Beijing due to its growing reliance on renewable energy, a new Lords report has warned.
A few dozen Russian retail investors handed in a letter to the country's second-biggest bank VTB on Friday asking for compensation for losses made on their foreign investments after Western sanctions were imposed earlier this year. In the letter, they said VTB - among the first Russian entities sanctioned after Moscow sent troops into Ukraine on Feb. 24 - closed operations for retail investors too quickly and so deprived them of a chance to sell their now-frozen assets.
Snap shares sank more than 30 percent early Friday following disappointing results as US stocks were mixed in the final session of a positive trading week.
CMP Slurry Market – Scope of Report This report on the global cmp slurry market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031.New York, July 22, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "CMP Slurry Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031" - https://www.reportlinker.com/p06293238/?utm_s
She has learning disabilities and her regular bank, where she gets help from staff, is closing this month
The start of the summer holiday getaway has been plunged into chaos after a critical incident was declared at the Port of Dover.
The dental consumables market is expected to grow from US$ 33,180. 13 million in 2022 to US$ 55,797. 40 million by 2028; it is estimated to grow at a CAGR of 9. 0% from 2022 to 2028. The rising incidence of dental problems, an increase in technological development in dentistry surgical instruments, and rising demand for dental cosmetic procedures are driving the growth of the dental consumables market.New York, July 21, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the repor
Operating Room Equipment Market – Scope of Report This report on the global operating room equipment market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031.New York, July 22, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Operating Room Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031" - htt
The Office for National Statistics said Government borrowing hit £22.9 billion, the second highest June since records began in 1993.
Air Cooled Heat Exchanger Market – Scope of Report This report on the global air cooled heat exchanger market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031.New York, July 22, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Air Cooled Heat Exchanger Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031" -
Dividends paid out by UK plc are not only higher than before the pandemic, but, most importantly, they are more robust, according to Clive Beagles, one of Britain’s best-known income fund managers. This will prove helpful if, or when, Britain enters into recession, he said.
Alzheimer’s Therapeutics Market Research Report by Diagnostics (Brain Imaging and CFS Test for Alzheimer’s Disease), Drug Class, Distribution, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19New York, July 21, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Alzheimer’s Therapeutics Market Research Report by Diagnostics, Drug Class, Distribution, Region - Global Forecast to 2027 - Cumulative
NS&I has raised interest rates on a range of its saver deals as pressure builds on banks to protect customers from inflation – but has left the promised prize rate on Premium Bonds untouched.
Ava Area strives to revolutionize the NFT world with their start-up. They do not sell digital images but sell fully animated 3D NFT avatars that can already be used in over 2000 metaverses, games and apps, and their 3D Battle Arena game.TRIQ TESTAFERRATA, MALTA, July 21, 2022 (GLOBE NEWSWIRE) -- The development of a 3D NFT avatar needs to go through a whole process. There are several stages to be surpassed to create an avatar and make it functional and animated. 3D NFT Avatars with animations ar
Sales dipped in June by 0.1%, the Office for National Statistics said.
US planemaker Boeing triumphed this week as it scooped up more orders than its European rival Airbus at the first Farnborough Airshow since aviation was ravaged by Covid.