05.02.2024 20:00:07 - dpa-AFX: GNW-Adhoc: AMG Vanadium Acquires a Suite of Processing Related Technologies and IP Related Activities from Transformation Technologies Inc.
Amsterdam, 5 February 2024 --- AMG Critical Materials N.V. ("AMG", EURONEXT
AMSTERDAM: "AMG") is pleased to announce that AMG Vanadium has acquired a suite
of processing technologies and IP related activities from Transformation
Technologies Inc. ("TTI"), a US-based company focused on the creation of green
energy, green oil and recyclable metals.
TTI has developed a unique technology for thermal treatment of spent catalyst
and other oil refinery wastes into valuable products which is highly
complementary to AMG's existing spent catalyst processing technology and know-
how. AMG will integrate the TTI technology into its global strategic growth
initiatives. AMG and TTI will also cooperate in market development areas where
TTI has strong experience in the design and construction of plants using TTI
technologies.
Thomas Centa, President of AMG Vanadium, commented, "This acquisition amplifies
our leadership position in recycling refinery waste and further improves the
value proposition we offer the global oil refining industry. By leveraging the
synergies of TTI and AMG's technologies, we can improve both the efficiency and
CO(2) footprint in our expanding global recycling operations which are conducted
through our Shell & AMG Recycling joint venture."
About Transformation Technologies Inc.
Transformation Technologies was incorporated in 2018 by merging three successful
environmental technology companies. The companies all had over 25 years of
experience in waste-to-energy, waste-to-beneficial use, and climate control
technologies. The technologies created by all three companies were contributed
and created the building blocks for a circular solutions company. The goal of
the merging companies was to create solutions for environmental problems with an
emphasis on recycling. All solutions created are from proven technologies that
are componentized into process flows that leave a zero-waste footprint. The
focus is the creation of green energy, green oil, and recyclable metals.
Transformation Technologies has focused their efforts on green oil in the Middle
East and Green Energy and Metals recycling in Asia.
About AMG
AMG's mission is to provide critical materials and related process technologies
to advance a less carbon-intensive world. To this end, AMG is focused on the
production and development of energy storage materials such as lithium,
vanadium, and tantalum. In addition, AMG's products include highly engineered
systems to reduce CO(2) in aerospace engines, as well as critical materials
addressing CO(2) reduction in a variety of other end use markets.
AMG's Lithium segment spans the lithium value chain, reducing the CO(2)
footprint of both suppliers and customers. AMG's Vanadium segment is the world's
market leader in recycling vanadium from oil refining residues, spanning the
Company's vanadium, titanium, and chrome businesses. AMG's Technologies segment
is the established world market leader in advanced metallurgy and provides
equipment engineering to the aerospace engine sector globally. It serves as the
engineering home for the Company's fast-growing LIVA batteries, and spans AMG's
mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,500 employees, AMG operates globally with production
facilities in Germany, the United Kingdom, France, the United States, China,
Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer
service offices in Japan (www.amg-nv.com (http://www.amg-nv.com)).
For further information, please contact:
AMG Critical Materials N.V. +1 610 975 4979
Michele Fischer
mfischer@amg-nv.com (mailto:mfischer@amg-nv.com)
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