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At Neo, we envision a world that has substantially decarbonized major industrial and mobility sectors. Our decades of innovative research and development, and the innovative advanced materials that we make, have been integral to unlocking many new technologies that improve energy efficiency, reduce the intensity of use of fossil fuels, encourage circular economic models, and help protect air and water quality.
You can read more about Neo’s actions and commitments to sustainability in our inaugural Sustainability Report. This report provides details on our environmental, social, and governance performance in 2021, and it launches a formal reporting process to document our ongoing efforts to help fast-forward the world’s transition to a more sustainable and less carbon-centric future. See it here.
For many years, Neo has led our industry in environmentally responsible production practices and in producing products that enable sustainable technologies.
For example:
Leadership in global sustainability has been a key pillar of Neo’s long-term growth strategy.
All five of Neo’s flagship rare earth facilities, representing approximately 90% of revenue generated by the Company, are now operating in the EcoVadis tracking and reporting system. We are proud of the fact that three of Neo’s largest five facilities earned EcoVadis sustainability medals in 2022:
Our European rare earth and rare metal processing facility in Sillamäe, Estonia – the only operating commercial rare earth separations and rare metal processing plant in the European Union – was awarded a Gold Medal by EcoVadis for its 2021 sustainability programs. This places the plant in the top five percent of all facilities around the world reporting to EcoVadis for its sustainability efforts.
Neo Magnequench’s rare earth magnetic materials production plant in Korat, Thailand earned a 2022 Gold Medal from EcoVadis for its 2021 sustainability programs. This places the plant in the top five percent of all facilities around the world reporting to EcoVadis for its sustainability efforts.
Neo Magnequench’s rare earth magnetic materials production plant in Tianjin, China earned a Silver Mefal from EcoVadis for its 2021 sustainability programs. This places the plant in the top 25 percent of all facilities around the world reporting to EcoVadis for its sustainability efforts.
We are proud of the fact that many of our advanced industrial materials enable and enhance sustainability and improved environmental performance in our customers’ applications. Around the world, you can find Neo’s advanced materials in wind power turbines, hybrid and electric vehicles, pollution control systems, high-efficiency appliances and pumps, consumer electronics, energy efficient cloud computing, advanced water treatment, and many more. Here are some examples:
Neo has been awarded a grant of up to 18.7 million Euros from the Government of Estonia under Europe’s Just Transition Fund to help pay for the cost of constructing a state-of-the-art sintered rare earth permanent magnet manufacturing facility in Estonia.
Neo announces the publication of its inaugural Sustainability Report which provides information to shareholders, customers, industry partners, employees, and stakeholders on the Company’s environmental, social, and governance performance in 2021.
Neo’s European rare earth and rare metal processing facility in Estonia – 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.
Two Neo Magnequench facilities earn gold and silver medals from EcoVadis for their 2021 sustainability performance.
Neo has become a participant in the United Nations Global Compact, the world’s largest corporate sustainability initiative, and has committed to implementing the Global Compact’s 10 Principles on human rights, labour, environment and anti-corruption.
In this newly released video, Neo’s Constantine Karayannopoulos expounds on the business strategy behind the launch of a new rare earth supply chain to feed Neo’s Silmet processing facility in Estonia, the only commercial rare earth processing facility in Europe.
Physical shipment of commercial quantities of rare earths from Energy Fuels’ White Mesa Mill in Utah to Neo Performance Materials’ plant in Estonia represents
Andrew Bell, host of BNN/Bloomberg’s “Commodities” news show, today interviewed Constantine Karayannopoulos, Chief Executive Officer of Neo Performance Materials on the Company’s unique position in the rare earth industry and its strategies for growth as a supplier of critical rare earth materials to technologies that advance sustainability goals.
Neo Performance Materials and Energy Fuels are pleased to announce a new rare earth production initiative spanning European and North American critical material supply chains.
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