This global critical materials company is at the forefront of CO2 reduction trends.
Industry Sector: Energy and Chemicals
AMG Vanadium is widely acclaimed by global refineries as the industry-leading environmental solution for the management of spent catalyst. It is both the largest recycler of spent catalyst in the world and the largest ferrovanadium producer in North America.
Through this environmentally beneficial conversion of waste materials into valuable products, AMG Vanadium provides an important solution and risk mitigation for refinery partners. In addition to the CO2 mitigating benefits of AMG Vanadium’s environmentally superior technology, the use of vanadium in steel alloys improves the tensile strength of the steel.
Headquartered in Cambridge, Ohio, AMG Vanadium cites the state’s pro-business regulatory environment and business-friendly climate as important factors in its expansion. In 2019, the company built a second facility in Ohio essentially doubling its spent catalyst recycling capacity and ferroalloy production and creating approximately 100 production and management jobs.Finance of the plant was made possible with the proceeds from the sale of up to $350 million tax exempt bonds to be issued by the Ohio Air Quality Development Authority.
Through collaboration with JobsOhio, Zanesville-Muskingum County Port Authority, APEG, Ohio Air Quality Development Authority, and Ohio Development Services Agency, AMG Vanadium continues to grow and capitalize on synergies between its two Ohio plants.
AMG Vanadium helps industries address climate change and waste reduction while actively reducing its own carbon footprint