AMG Vanadium installs solar power system at its spent catalyst recycling facility in Ohio
Amsterdam - AMG Advanced Metallurgical Group N.V. (“AMG,” EURONEXT AMSTERDAM: “AMG”), in connection with Earth Day 2011, has installed a state-of-the-art, demonstration solar photovoltaic system at AMG Vanadium, Inc.’s spent catalyst recycling facility in Ohio, USA. The solar panels used in this installation feature Timminco Limited’s Upgraded Metallurgical Silicon (“UMG-Si”) and will produce approximately 230,000 kilowatt-hours of power-the amount of electricity consumed by approximately 20-25 homes for a year.
This installation is an example of AMG’s development and use of advanced metallurgical technologies to reduce CO2 and conserve natural resources. AMG Vanadium is the world’s largest recycler of spent refinery catalysts used to produce ferrovanadium and ferronickel-molybdenum for the carbon steel and stainless steel industries. This unique process ensures safe environmental treatment of hazardous waste streams from oil production. AMG Vanadium offers an environmentally responsible “full-circle” solution that promotes the intelligent use and conservation of natural resources.
This solar facility, the largest of its kind in Southeastern Ohio, is a key component of AMG Vanadium’s environmental stewardship and its commitment to the local community by providing clean, alternative energy to the electrical grid. This solar power system is estimated to eliminate over 200 tons of CO2 per annum compared to traditional fossil fuels. This combination of AMG Vanadium’s technologically advanced industrial recycling process and use of clean, renewable energy proves that metallurgical production and environmental responsibility can work together.
AMG also operates a 4.2MW capacity clean energy hydro power facility in Brazil. AMG is committed to renewable sources of energy such solar, hydro and wind both through its metallurgical technologies used in those industries and use of clean energy in its production activities.
AMG creates and applies innovative metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. AMG produces highly engineered specialty metal products and advanced vacuum furnace systems for the Energy, Aerospace, Infrastructure and Specialty Metals and Chemicals end markets. AMG consists of two operating divisions, Advanced Materials and Engineering Systems, and owns interests in publicly-listed companies Graphit Kropfmühl AG (Deutsche Börse: GKR.DE) and Timminco Limited (TSX: “TIM”).
The Advanced Materials Division develops and produces specialty metals, alloys and high performance materials. AMG is a significant producer of specialty metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and additives, chromium metal and ferrotitanium, for Energy, Aerospace, Infrastructure and Specialty Metal and Chemicals applications. Other key products include specialty alloys for titanium and superalloys, coating materials, tantalum and niobium oxides, vanadium chemicals and antimony trioxide.
The Engineering Systems Division designs, engineers and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the Aerospace and Energy (including solar and nuclear) industries. Furnace systems produced by AMG include vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating and sintering. AMG also provides vacuum case-hardening heat treatment services on a tolling basis.
Graphit Kropfmühl AG is a majority controlled, publicly listed subsidiary of AMG. Based on its secure raw material sources in Africa, China and Europe, Graphit Kropfmühl is a specialist in the production of silicon metal and the extraction, processing and refining of natural crystalline graphite for a wide range of energy saving industrial applications.
Timminco Limited is a publicly listed affiliate of AMG. Timminco produces silicon metal for the chemical, aluminum, electronic and solar industries. Timminco also produces solar grade silicon, using its proprietary technology for purifying silicon metal, for the solar energy industry.
With over 2,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Canada, Mexico, Brazil, Turkey, Poland, India and Sri Lanka and also has sales and customer service offices in Belgium, Russia and Japan (www.amg-nv.com).
Certain statements in this press release are not historical facts and are “forward looking.” Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions or circumstances on which any forward looking statement is based.
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