Pensana chairperson Paul Atherley and Polestar 0 project leader Hans Perhrson
London-listed rare earths developer Pensana, which is working to establish a sustainable magnet metal supply chain, has entered into a partnership with Swedish automotive company Polestar to create a climate-neutral car by 2030.
The scope of the Polestar 0 project is 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.
Polestar has teamed up with like-minded partners across the entire value chain, from raw material suppliers to retailers.
Through this collaboration with Polestar and its partners, which include Boliden (copper and other metals), Hydro (zero-carbon aluminium), SSAB (fossil-free steel), Sekab (bio-based chemicals), ZF (electric powertrains) and others, each partner will focus on certain processes bringing together world-class research and innovative thinking to the Polestar 0 project.
Pensana is establishing an independent and sustainable supply chain for ultralow-carbon magnet metal rare earths powered by offshore wind at the Saltend Chemical Park, in the Humber Freeport, in the UK, with high-value raw materials supplied from the hydroelectric-powered Longonjo mine, 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 EVs by creating the world’s first climate-neutral car.
"This is a truly innovative project, which needs an independent and sustainable supply of rare earths. 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 EV manufacture,” says Pensana chairperson Paul Atherley.
“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,” adds Polestar 0 project leader Hans Pehrson.