AMG and Criterion Announce Negotiations to Form Spent-Catalyst Recycling Partnership
Amsterdam, 10 April 2018 (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”) is pleased to announce that it is has entered into exclusive negotiations with Criterion Catalyst and Technologies (“Criterion”), a wholly owned subsidiary of Royal Dutch Shell plc that supplies catalysts, technologies and services to global refining markets, to form a partnership that expands AMG’s global spent-catalyst processing capacity. Dr. Heinz Schimmelbusch, AMG’s Chairman of the Management Board and CEO stated, “We are pleased to pursue this opportunity to strengthen our relationship with Criterion, so as to provide the leading environmentally responsible solution for spent-catalyst management and recycling to our shared customer base”.
The new partnership would bring together two world-class companies to help meet refiners’ increasing demand for metals reclamation and disposal of spent catalyst, helping them to achieve regulatory compliance while producing the fuels and chemicals upon which people depend. Andy Gosse, President of Criterion stated, “The teaming up of AMG and Criterion, the acknowledged leaders in their respective markets, reinforces the 15-year relationship that the two companies have enjoyed and provides the foundation to deliver the final step of a sustainable ‘cradle-to-grave’ solution for catalyst supply and reclamation”.
Feasibility studies are underway for the partnership’s potential sites. Locations in the Middle East, Asia and North America are under consideration.
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG Critical Materials produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, lithium, tantalum, niobium and silicon metal. AMG Engineering designs, engineers, and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the transportation and energy industries.
With over 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the Czech Republic, the United States, China, Mexico, Brazil, India, Sri Lanka and Mozambique, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).
About Criterion Catalyst and Technologies
Criterion, a global leader in refining catalysts, is a wholly owned subsidiary of Royal Dutch Shell plc. Criterion supplies refining and hydroprocessing catalysts, process technologies and catalyst services for a wide range of refining applications to customers around the globe. Criterion has more than 50 years of experience developing, manufacturing, testing, marketing and servicing catalysts that are used in every type of hydroprocessing operation. Further information on Criterion is available at www.criterioncatalysts.com
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 5804
Senior Vice President
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