AMG Advanced Metallurgical Group N.V. announced that AMG Vanadium has signed a new long-term, multi-year agreement to process and recycle spent catalysts from a major oil refinery operator in North America.
"This is an important new business partner for AMG Vanadium and a key element of our long-term raw material strategic plan", said Hoy Frakes, President of AMG Vanadium. "We are pleased to have the opportunity to provide our new partner with the industry leading environmental solution for their spent catalyst recycling needs."
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 encourages environmental stewardship, energy conservation and resource recovery.
AMG Vanadium is the largest domestic producer of ferrovanadium in North America.