Amsterdam-based AMG Advanced Metallurgical Group N.V. has announced its AMG Vanadium division has signed a long-term multiyear agreement with an existing customer to process and recycle spent catalysts from an oil refinery in North America.
The company also states it has approved the expansion of its spent catalyst recycling operation in Ohio. The total investment is estimated at $35 million and will primarily involve the installation of a new flue gas desulfurization unit at AMG Vanadium’s Cambridge, Ohio, facility. The company expects to complete the expansion at the Ohio plant by the end of 2019. Once completed, AMG Vanadium’s spent catalyst recycling capacity will increase by about 30 percent.
“As the largest producer of ferrovanadium in North America, the expansion will solidify our existing market position and enable AMG Vanadium to better meet our customers’ future requirements,” says Hoy Frakes, president of AMG Vanadium. “In addition, the expansion of our spent catalyst recycling operations in Cambridge, Ohio, will allow AMG Vanadium to continue to provide our partners with an industry-leading environmental solution for their spent catalyst recycling needs as their requirements grow.”
The Cambridge facility converts oil refinery and power plant byproducts into ferrovanadium, nickel and molybdenum, which is primarily used by global steel producers in automotive, energy transmission and infrastructure applications.
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 sales and customer service offices in Russia and Japan.
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