Solvent extraction and separation of rare earths (REs: La ~ Lu, plus Y and Sc) by a novel synthesized extractant, (2-ethylhexylamino)methyl phosphonic acid mono-2-ethylhexyl ester (HEHAMP, abbreviated as H₂A₂), were investigated in chloride medium. The favorable separation factors (SFs) between adjacent heavy REs suggested that HEHAMP has a better separation performance than P507. The extracted complex of trivalent REs was determined to be REClH₂A₄ by the slope analysis method. Thermodynamic parameters (ΔH, ΔG, and ΔS) of Lu were calculated as 7.47 kJ mol⁻¹, −6.05 kJ mol⁻¹, and 45.4 J mol⁻¹ K⁻¹ at 298.15 K, respectively, which indicate that the extraction reaction of Lu is an endothermic process. The loading capacity of 30% (v/v) HEHAMP toward Lu(III), Yb(III), and Y(III) was about 15.17 g Lu₂O₃/L, 14.46 g Yb₂O₃/L, and 12.64 g Y₂O₃/L, respectively. HCl is the most efficient stripping acid, and 92% of the loaded Yb(III) can be stripped by one-stage stripping with 2 mol/L HCl.