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.
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 Performance Materials and Energy Fuels are pleased to announce a new rare earth production initiative spanning European and North American critical material supply chains.
Neo Performance Materials is pleased to announce that its Neo Magnequench facility in Tianjin, China has been named as a “Top 100” manufacturing enterprise in Tianjin by the Tianjin Enterprise Association.
TORONTO, Canada, June 13, 2018 – Neo Magnequench, a subsidiary of Neo Performance Materials Inc. (“Neo”, the “Company”) (TSX:NEO) and a leading global supplier of