These are metals that are needed in the green shift. REEtec focus on the so-called magnetic metals, neodymium (Nd) and praseodymium (Pr). These are used to make strong permanent magnets, which in turn are used in energy-efficient electric car engines and other renewable technologies.
REEtec is constructing their first production facility for the separation of rare earth species at Herøya. REEtec's proprietary technology can reduce CO2 emissions by 90 percent compared to other leading suppliers as virtually all inputs are reused in the process. The annual production of 720 tonnes of magnetic metals represents around 5 per cent of the annual estimated demand in the EU.
Contact:
Pål Grimsrud
Phone:+47 994 77 599
E-mail: pal.grimsrud@reetec.no
Read more: www.reetec.no