Pensana partners with Polestar on climate-neutral vehicle project
September 20, 2022
Rare earth metals company Pensana Plc, headquartered in London, UK, has partnered with automotive company Polestar to assist in its Polestar 0 project which aims to create a climate-neutral car by 2030.
This project aims to identify and eliminate all greenhouse gas emissions from the extraction of raw materials to when the car is delivered to the customer and onwards to the end of vehicle life. To achieve this goal, Polestar is collaborating with sixteen partners, including Pensana, across the value chain.
Pensana recently broke ground on the establishment of an independent and sustainable supply chain for ultra-low carbon magnet metal rare earths powered by offshore wind at the Saltend Chemical Park in the Humber Freeport UK with high-value raw materials supplied from the hydro-electric powered state-of-the-art mine at Longonjo in Angola.
“We are absolutely delighted to collaborate with Polestar and its partners on the Polestar 0 project, which is aiming to unlock the full potential of electric vehicles by creating the world’s first climate-neutral car,” commented Paul Atherley, Pensana chairman. “Polestar is majority owned by Volvo which has a proud history of pioneering safety in cars in the 1970s setting the standard for all cars manufactured worldwide. We believe that the Polestar 0 will set the standard for the electric vehicle industry.”
“This is a truly innovative project which needs an independent and sustainable supply of rare earths,” he continued. “We are incredibly excited to be working with Polestar and its partners and are very much looking forward to Pensana playing its part in redefining the future of electric vehicle manufacture.”
Hans Pehrson, leader of the Polestar 0 project, stated, “A project of this ambition requires partners at the cutting-edge of their industries and which are fully engaged in our bold vision. That’s why I’m looking forward to Pensana becoming a crucial part of our team as we find solutions for developing an entirely climate-neutral supply chain. Pensana’s expertise in Rare Earth supply, including mining, will be invaluable in our mission and will play an integral role in pioneering new and innovative technologies to achieve what has so far been impossible.”