AMG Advanced Metallurgical Group N.V. Announces Long-Term Spent Catalyst Recycling Agreement
Amsterdam, 7 January 2020 — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that AMG Vanadium has signed a major new long-term, multi-year agreement to process and recycle spent catalysts from a major oil refinery operator in North America.
Located in Cambridge, Ohio, AMG Vanadium specializes in the environmentally beneficial conversion of oil refinery and power plant waste products into specialty metals used by global steel producers in automotive, energy transmission and infrastructure applications. By using materials that would otherwise be discarded as waste, AMG Vanadium facilitates environmental stewardship, energy conservation and resource recovery.
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG Critical Materials produces aluminum master alloys and powders, ferrovanadium, natural graphite, chromium metal, antimony, lithium, tantalum, niobium and silicon metal. AMG Technologies produces titanium aluminides and titanium alloys for the aerospace market; designs, engineers, and produces advanced vacuum furnace systems; and operates vacuum heat treatment facilities, primarily for the transportation and energy industries.
With approximately 3,300 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the Czech Republic, the United States, China, Mexico, Brazil, India, Sri Lanka and Mozambique, and has sales and customer service offices in Russia and Japan (www.amg–nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 975 4979
Vice President Investor Relations
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About AMG Vanadium LLC
AMG Vanadium LLC is a wholly-owned subsidiary of AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”), a global leader in the production of highly engineered specialty metal products and advanced vacuum furnace systems. Located in Cambridge, Ohio, AMG Vanadium specializes in the environmentally beneficial conversion of oil refinery and power plant waste products into specialty metals used by global steel producers in automotive, energy transmission and infrastructure applications. By using materials which would otherwise be discarded as waste, AMG Vanadium encourages environmental stewardship, energy conservation and resource recovery, making it the environmental leader in this global industry. AMG Vanadium is the North American ferrovanadium market share leader and has two primary product lines: FEROVAN®, its ferrovanadium alloy used in the production of steel to improve its strength, and FeNiMoly® which is a valuable additive utilized in the production of stainless and carbon steels.
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