article thumbnail

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Green Car Congress

An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. In 2012, Estonia mined 15.86 Different that shale oil—i.e.,

Estonia 236
article thumbnail

Neo Performance Materials to acquire exploration license for rare earth element project in Greenland

Green Car Congress

The project hosts a mineral deposit that is enriched in neodymium and praseodymium, two essential elements for rare earth permanent magnets used in electric vehicles, wind turbines, and high-efficiency electric motors and pumps that help reduce greenhouse gas emissions. Sarfartoq carbonatite drill cores.

Estonia 195
article thumbnail

Molycorp purchases remaining shares of European rare earth processing company

Green Car Congress

has purchased the remaining shares of Molycorp Silmet AS, one of only two rare earth processing companies in Europe. Molycorp now owns 100% of the Sillamäe, Estonia-based facility, known as Molycorp Sillamäe. On 1 April 2011, Molycorp purchased a 90.023% stake in AS Silmet in a transaction valued at approximately $89 million.

Purchase 199
article thumbnail

Neo Performance Materials and Energy Fuels launching US-European rare earth production initiative

Green Car Congress

Under an agreement in principle, subject to completion of definitive agreements, Colorado-based Energy Fuels will process natural monazite sands into an RE Carbonate beginning in March or April 2021 and ship a portion of that production to Neo’s rare earth separations facility in Sillamäe, Estonia (Silmet).

Energy 186