Business
Neo's European Rare Earth Processing Plant Earns a Gold Medal from EcoVadis for its 2021 Sustainability Efforts
Neo's European Rare Earth Processing Plant Earns a Gold Medal from EcoVadis for its 2021 ...
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"\n \n \n \n Neo's European Rare Earth Processing Plant Earns a Gold Medal from EcoVadis for its 2021 Sustainability Efforts\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Three of Neo's Five Flagship Rare Earth Facilities Have Now Earned Medals from EcoVadis for Their Sustainability Programs\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 28, 2022\n \n \n /CNW/ - Neo Performance Materials Inc. (\"\n \n Neo\n \n \", the \"\n \n Company\n \n \") (TSX:NEO) is pleased to announce that its European rare earth and rare metal processing facility in\n \n Estonia\n \n – the only operating commercial rare earth separations and rare metal processing plant in the European Union – has been awarded a Gold Medal by EcoVadis for its 2021 sustainability programs.  This places Neo's Silmet facility in Sillamäe,\n \n Estonia\n \n in the top five percent of all facilities around the world reporting to EcoVadis for its sustainability programs in 2022.\n \n \n \n \n \n \n \n \n \n The Silmet facility processes mixed rare earth feedstock into a variety of high-purity rare earth specialty materials, including neodymium-praseodymium (\"NdPr\") oxide, which is used by Neo's Magnequench business unit to produce neodymium-iron-boron (\"NdFeB\") magnetic materials and magnets for automotive, factory automation, home appliance, circulation pump, and other applications.\n \n \n It also produces environmental vehicle catalyst materials, which help reduce harmful emissions from cars and trucks, as well as high-purity niobium and tantalum metals.  The plant operates under several ISO certifications, including ISO-9001, ISO-14001, and ISO-45001.\n \n \n \"I am very pleased and proud of our entire Estonian team for achieving a Gold Medal from EcoVadis for its 2021 sustainability performance and for doing so well in our first year of independent EcoVadis review,\" said\n \n Jeff Hogan\n \n , Neo's Executive Vice President and head of the company's Chemicals and Oxides unit.  \"This recognition b...