Amsterdam, 3 July 2024 --- AMG Critical Materials N.V.'s ("AMG", EURONEXT
AMSTERDAM: "AMG") subsidiary Graphit Kropfmühl and BASF have entered into an
innovative agreement to reduce their product carbon footprint. Under this
agreement, BASF will supply renewable energy certificates (so called "Guarantees
of Origin") to Graphit Kropfmühl's production site in Hauzenberg, Germany.
BASF supports Graphit Kropfmühl, a subsidiary of AMG Critical Materials N.V.,
with innovative renewable electricity concept:
* BASF to supply renewable energy certificates to its supplier and partner
Graphit Kropfmühl
* Graphit Kropfmühl to reduce the product carbon footprint (PCF) of graphite
produced in Hauzenberg, Germany, by at least 25 percent
* BASF to use the reduced PCF graphite as raw material for Neopor® with a
reduced product carbon footprint
A Guarantee of Origin ("GoO") certifies that a given amount of power was
produced in a particular renewable power plant, thus providing a tangible proof
of the usage and source of the renewable power. By using these GoOs, the carbon
footprint of graphite produced by Graphit Kropfmühl at the Hauzenberg site will
be reduced by at least 25 percent. This graphite will then be used by BASF as a
raw material for the production of Neopor®, which will therefore also have a
lower product carbon footprint. BASF's Neopor® is used as raw material for
insulation products for buildings.
"With this innovative concept, we act hand in hand with our customers and beyond
the boundaries of our own factory gates to effectively protect the climate. By
deepening our collaboration with Graphit Kropfmühl, we are able to accelerate
the journey towards net zero together," said Horatio Evers, Managing Director of
BASF Renewable Energy GmbH.
Yong Liu, Director of Global Direct Procurement Plastic Additives at BASF,
added: "This is a win-win for BASF and Graphit Kropfmühl - a pragmatic approach
with a positive impact that will strengthen our long-standing partnership with
Graphit Kropfmühl and shows that we are pulling together when it comes to
sustainability. Neopor® and Neopor® BMB are solutions with an oustanding
insulation performance and sustainability profile. The use of graphite with a
reduced product carbon footprint from our partner Graphit Kropfmühl is a
consequent further step on our journey to net zero. BASF is also working on
further such projects with other partners."
"We are excited to deepen our partnership with BASF by reducing our product
carbon footprint (PCF) by at least 25 percent and moving towards a more
sustainable future together," said Thomas Junker, CEO of Graphit Kropfmühl.
On its journey towards climate neutrality, BASF has set itself ambitious goals
and is striving to achieve net zero CO(2) emissions by 2050. One major lever to
achieve these targets is the use of renewable power. BASF has therefore
conducted significant investments into renewable power sources over the past
years.
AMG was founded on the principle that CO(2) abatement targets would create
increased criticality for specialty materials. This strategic focus is
encapsulated in the company's Enabled CO(2) Reduction Portfolio concept
("ECO(2)RP") at the level of AMG's customers. Its strategic focus is fully
aligned with and supports the EU Taxonomy. As a subsidiary of AMG, Graphit
Kropfmühl supports the parent company's commitment to reduce its direct CO(2)
emissions by 20 percent from a baseline of 2019 until 2030. This corresponds to
a total reduction of 125,000 tons of CO(2).
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic
success with environmental protection and social responsibility. Around 112,000
employees in the BASF Group contribute to the success of our customers in nearly
all sectors and almost every country in the world. Our portfolio comprises six
segments: Chemicals, Materials, Industrial Solutions, Surface Technologies,
Nutrition & Care and Agricultural Solutions. BASF generated sales of EUR68.9
billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS)
and as American Depositary Receipts (BASFY) in the United States. Further
information at www.basf.com (http://www.basf.com).
About Graphit Kropfmühl (subsidiary of AMG Critical Materials N.V.)
Since its foundation more than 100 years ago, Graphit Kropfmühl has been
synonymous with long-standing raw materials expertise. Graphit Kropfmühl
extracts and refines natural graphite, processes and refines synthetic graphite
and produces dispersions, pastes and lubricant premixes in powder form.
Around 340 employees worldwide work for Graphit Kropfmühl. The company is
headquartered at its founding location in Kropfmühl, Germany, where graphite is
mined underground and refined. Combined with a majority stake-holding in a
graphite mine in Sri Lanka and with a refining plant in China, we ensure a
consistent raw material supply. Since 2008, the company has been part of AMG
Critical Materials N.V. and as a global expert in critical raw materials, it is
at the cutting edge when it comes to technologies and high-quality products for
reducing CO(2) emissions. More information can be found at www.gk-graphite.com
(http://www.gk-graphite.com).
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 3,600 employees, AMG operates globally with production
facilities in Germany, the United Kingdom, France, the United States, China,
Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices
in Japan (www.amg-nv.com (http://www.amg-nv.com)).
Media contacts:
AMG Critical Materials N.V.
Michele Fischer
Senior Vice President of Communications
Phone: +1 610 975 4979
Email: mfischer@amg-nv.com (mailto:mfischer@amg-nv.com)
BASF Renewable Energy GmbH
Philipp Pfefferle
Head of Advocacy & Communication
Phone: +49 151 1507 0683
Email: Philipp.pfefferle@basf.com (mailto:Philipp.pfefferle@basf.com)
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