United States – US business AMG Vanadium has signed a US$ 35 million multi-year agreement with an existing customer to process and recycle spent catalysts from ‘a major oil refinery’ in North America. The deal will mean an expansion of AMG’s spent catalyst recycling operations.
Part of the Amsterdam-based AMG Advanced Metallurgical Group, AMG Vanadium plans to install a new flue gas desulfurization unit at its facility in Cambridge, Ohio. Subject to environmental permitting which is expected by the third quarter of 2018, the company is aiming to complete the expansion by the end next year, at which point its spent catalyst recycling capacity will increase by approximately 30%.
The expansion ‘will allow us to continue to provide our partners with an industry-leading environmental solution for their spent catalyst recycling needs as their requirements grow’, comments AMG Vanadium’s president Hoy Frakes.
The business has become one of America’s leaders in converting oil refinery and power plant waste products into ferro-vanadium, nickel and molybdenum primarily used by global steel producers in automotive, energy transmission and infrastructure applications.