AMG to expand catalyst recycling capacity

The supervisory board for AMG Advanced Metallurgical Group, headquartered in Wayne, Pennsylvania, has approved a capital project to double its spent catalyst recycling capacity by building a greenfield plant near its current catalyst processing plant in Cambridge, Ohio.

Financing for the plant will come from the proceeds from the sale of up to $350 million in tax-exempt bonds to be issued by the Ohio Air Quality Development Authority, which will be lent to AMG Vanadium LLC, a subsidiary of AMG. The company says it expects the bonds to be marketed at the end of June.

AMG says it produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy and specialty metals and 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.

AMG operates production facilities in Germany, the United Kingdom, France, the Czech Republic, the United States, China, Mexico, Brazil, India, Sri Lanka and Mozambique.

AMG Vanadium specializes in the conversion of oil refinery and power plant waste products into ferrovanadium, nickel and molybdenum primarily used by global steel producers in automotive, energy transmission and infrastructure applications.