Wood has been awarded the engineering, procurement, and construction management (EPCM) contract for Niron Magnetics’ Plant 1 in Sartell, Minnesota, set to become the world’s first full-scale Iron Nitride permanent magnet facility.

Once fully operational in 2027, the plant will produce 1,500 tons of Iron Nitride permanent magnets annually, establishing a resilient U.S. supply chain for magnets critical to automotive, defense, industrial motors, and consumer electronics sectors.

Unlike traditional magnets that depend on rare earth materials and intensive mining, Niron Magnetics’ process starts with iron and nitrogen—two abundant, easily sourced elements—creating magnets through a fully domestic supply chain and sustainable manufacturing practices.

John Day, President of Projects Western Hemisphere at Wood, called the project “a game-changer for sustainable magnet production at scale.”

“Having delivered the initial design, we’re now taking this project from concept to execution. Leveraging our EPCM expertise and first-of-a-kind scale-up experience, we’re enabling Niron Magnetics to deliver a high-production facility that reduces reliance on rare earths, helps power the future of sustainable energy and mobility, and creates a resilient supply chain for the U.S. economy,” Day said.

Wood’s work will be led by a U.S.-based team of more than 80 engineering and project delivery specialists.