CLIC Innovation: REMHub Project Develops a Digital Innovation Hub for Rare Earth Elements and Rare Magnets
Rare earth elements and rare magnets play a crucial role in advancing the green energy transition and achieving the goals of the European Green Deal. While the EU currently relies heavily on imports from a few countries— with approximately 90% of REEs* coming from outside the EU—this presents an opportunity to develop European expertise and forge strategic partnerships in rare earth metals processing. Strengthening these capabilities within Europe is key to reaching our ambitious targets. Additionally, while challenges remain in REEs recycling, with current rates being less than 5% and some extraction processes needing sustainability improvements, these challenges also present a significant potential for innovation and growth. As demand for REEs increases, driven by their use in electric vehicles, wind turbine motors, and electrolysers for clean hydrogen, there is a tremendous opportunity to enhance recycling efforts and establish more sustainable extraction processes within the EU.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827785891/en/
CLIC Innovation: REMHub Project Develops a Digital Innovation Hub for Rare Earth Elements and Rare Magnets (Copyright (c) 2024 Phawat/Shutterstock)
Project targets and development areas
REMHub will develop, test and pilot novel technologies for the exploration and primary production of rare earth elements and for recovering them from side streams to enhance supply security of REEs and rare magnets in the EU. In addition, the project will develop Re-X (Recycle, Reuse, refurbishment and repurposing) technologies for rare earths and valuable metals from end-of-life products as well as electric machine design for easier permanent magnet recycling. The project will also identify and engage relevant stakeholders to develop REE value chains in the EU. The innovation hub will ensure that the novel technologies developed in the project will be commercialized and offered as services via digital platform in the future.
The project’s multi-stakeholder communication and dissemination efforts are designed to actively involve and engage the public and various stakeholders, fostering trust and raising awareness about the importance of REEs. These activities also aim to build essential capacities within the EU. The hub focuses on transformative material sourcing for REEs and REE magnets, including innovations in traceability, digital twinning, and digital passports. Our project partners span the entire REE value chain, from mineral exploration and processing to metal production, magnet manufacturing, and recycling.
The project is committed to a safe and sustainable by design (SSbD) framework, embracing a Re-X approach that prioritizes recycling, reuse, refurbishment, and repurposing, while integrating features for easy dismantling and circularity. REMHub is set to significantly enhance the security of REE supply in the EU. With the support of our digital innovation hub, it will accelerate the development of technologies and services, enabling faster and easier market entry. By the conclusion of the project, future organizations will find it much easier to access sustainably developed REE expert services within the EU.
Project in a nutshell
The project will commence at the beginning of October and last for four years. The project consortium consists of 24 partners from six countries: Finland, Estonia, Spain, Ireland, Slovenia, and Italy. The project preparation and consortium coordination were led by the Finnish organization CLIC Innovation, which also serves as the project coordinator. The estimated total volume of the project is 18 million euros, of which 16 million euros is EU funding. The EU Horizon "resilient value chains" funding instrument supports European sustainable development value chain projects with financing from the European Commission.
* source: https://scrreen.eu/wp-content/uploads/2023/08/SCRREEN2_factsheets_REE-EUROSTAT.pdf
View source version on businesswire.com: https://www.businesswire.com/news/home/20240827785891/en/
Contacts
Pia Salokoski
Head of Energy
pia.salokoski@clicinnovation.fi
+358 400476626
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
www.businesswire.com

Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Center for Disease Analysis Foundation Awards Third Round of Grants for the CDAF Relink Program5.4.2025 01:36:00 EEST | Press release
Building on the progress of the first two rounds, the Center for Disease Analysis Foundation (CDAF) Relink program is pleased to announce seven hundred and eighty-two thousand dollars in funding for its third round of grantees. The following six organizations are beneficiaries: Organization Organization Type State Bluestone Health Association Inc. Healthcare Institution WV Carilion Clinic Healthcare Institution VA Cooperman Barnabas Medical Center Healthcare Institution NJ First Choice Primary Care, Inc. Healthcare Institution GA TruReach Inc Healthcare Institution PA University of Kentucky Research Foundation Healthcare Institution KY The CDAF Relink program is in its second year of operation. Funded by an eight-million-dollar grant from the Gilead Sciences (Nasdaq: GILD) Relink program, it is currently the largest global effort to reconnect diagnosed but untreated Hepatitis C (HCV) and Hepatitis B (HBV) infected individuals to care. This is a crucial step toward achieving the World H
Prollenium Announces Leadership Transition5.4.2025 01:15:00 EEST | Press release
Prollenium Medical Technologies (“Prollenium” or the “Company”) announced today that Ario Khoshbin is stepping down as Chief Executive Officer to focus on his role as a member of Prollenium’s Board of Directors. Ario remains a significant shareholder of Prollenium. “Welcoming a CEO with new expertise and perspective will allow Prollenium to continue to achieve its potential as one of the world’s leading global developers and manufacturers of aesthetic products,” said Justin Bateman, Chair of Prollenium’s Board of Directors. “We appreciate and thank Ario for the significant contributions that he has made throughout his long and successful tenure as CEO. We will continue to work alongside the board and leadership team to scale Prollenium’s platform and convert its robust product pipeline into an expanding suite of products to serve both existing and new customers in North America and internationally.” While the Board conducts a search for a successor, it has appointed Walter Geiger as ac
A Bold New Chapter: Magisso Joins Voysey Brands4.4.2025 16:32:00 EEST | Press release
Voysey Brands is thrilled to announce its acquisition of Magisso, a Finnish design brand celebrated for its innovative and elegant home solutions. This strategic acquisition marks an exciting milestone for Voysey Brands as it expands its portfolio with brands that embody bold innovation, exceptional functionality, and timeless design. Founded in Finland in 2008, Magisso has captivated the global market with its innovative and elegant home solutions, each thoughtfully designed to solve everyday problems while adding a touch of surprise and sophistication. From award-winning cake slicers to sleek dining and kitchen essentials, Magisso’s products seamlessly combine functionality with timeless design, making them both practical tools and conversation starters. The decision to acquire Magisso was driven by its unique blend of innovation and artistry. "From the first moment I encountered Magisso’s designs, I was inspired by their ability to transform ordinary items into extraordinary solutio
NAB Show 2025 Opens Tomorrow - Set to Define the Future of Content and Entertainment4.4.2025 16:00:00 EEST | Press release
NAB Show 2025 kicks off on Saturday, April 5 with exhibits opening April 6, showcasing innovation that will define the content and entertainment landscape and shape the future of storytelling. From AI-driven tools to the creator economy, sports, cloud virtualization, and streaming/OTT, the show floor and conference program will highlight the technologies driving innovation across industries. As the world’s largest gathering of media, technology, and entertainment professionals, NAB Show 2025 runs April 5 - 9 at the Las Vegas Convention Center and expects more than 60,000 registered attendees. “The future of content and entertainment will take center stage at NAB Show 2025 – redefining how content is created, distributed, and consumed around the world,” said Karen Chupka, EVP of Global Connections and Events, NAB. “This show has been successfully reimagined as a home for content creators of all types - from social media to television to the big screen and it delivers on that promise by
MultiBank Group Wins ‘Best Client Funds Protection Broker’ and ‘Best Social Trading Solution’ awards at Money Expo Mexico 20254.4.2025 15:46:00 EEST | Press release
MultiBank Group, the world’s largest financial derivatives institution headquartered in Dubai, has been awarded two prestigious titles at Money Expo Mexico 2025, held from 26–27 February: ‘Best Client Funds Protection Broker’ and ‘Best Social Trading Solution.’ This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250404064983/en/ MultiBank Group continues to set the standard for trust and innovation in the financial industry and has been awarded two prestigious titles at Money Expo Mexico 2025: Best Client Funds Protection Broker’ and ‘Best Social Trading Solution. Money Expo Mexico is one of Latin America's most influential financial events, bringing together global leaders in trading, investing, and fintech to explore the latest developments in financial markets. MultiBank Group’s esteemed recognition at the premier Money Expo Mexico event highlights its unwavering commitment to regulatory excellence, technological innovation, a
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom