Phoenix Tailings to Build $375-Million Rare Earths Facility in New York State
The 500,000-square-foot plant is expected to process about 18,000 tons of material a year and reduce reliance on China.
- On Tuesday, Phoenix Tailings announced plans to build a $375 million rare earth separation facility in Rochester, New York, at Eastman Business Park.
- The Pentagon committed $500 million in long-term debt financing to reduce U.S. dependence on China, which currently processes about 90% of the world's rare earth minerals.
- Phoenix Tailings Chief Executive Officer Nick Myers said the facility will convert a "diverse range of mixed rare earth feedstocks" into "separated oxides for domestic rare earth metal production," processing about 18,000 tons annually.
- New York state will provide $3 million in performance-based tax credits, with Governor Kathy Hochul stating the project bolsters "our national security by building a clean supply chain."
- Operations begin next year with full production expected in 2028; Myers stated, "America and its allies cannot build the next generation of advanced manufacturing on a rare earth supply chain they do not control.
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Rochester lands a $375 million rare earth plant for $3 million in state credits. Buffalo’s last deal cost more per job
Phoenix Tailings will separate rare earths from mining waste at Eastman Business Park, backed by up to $3 million in Excelsior credits for 90 jobs. That’s about $33,000 a job on paper, versus about $117,000 per new job in Solstice’s Buffalo deal. The post Rochester lands a $375 million rare earth plant for $3 million in state credits. Buffalo’s last deal cost more per job first appeared on The Buffalo Chronicle.
Phoenix Tailings plans rare earth processing facility in New York
Rare earth refining company Phoenix Tailings on Tuesday announced plans to open one of the world's largest rare earth separation facilities in Rochester, NY. The “Freedom Separation” facility will convert a “diverse range of mixed rare earth feedstocks,” including mined and recycled feedstocks, into “separated oxides for domestic rare earth metal production,” the company said in an Oct. 20 statement. At full capacity, the facility is expected to…
Phoenix Tailings to Construct $375M Rare Earth Plant in Rochester, New York
The Phoenix Tailings rare earth plant will transform the critical mineral landscape of New York. The company recently announced plans for an unprecedented $375 million commercial processing facility in Rochester. This ambitious project will cover a massive 500,000 square foot area and eventually process 18,000 tons of rare earth feedstock per year. The Eastman Business […]
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