DeZwarteRidder schreef op 5 februari 2024 20:46:
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 CO2 footprint in our expanding
global recycling operations which are conducted through our Shell & AMG Recycling joint
venture.”