AMG Advanced Metallurgical Group and Shell Catalysts & Technologies have signed an agreement to form a joint venture which will be called Shell & AMG Recycling. The joint venture will provide a long-term sustainable solution for catalyst reclamation and recycling. Financial terms were not disclosed. The process employed by Shell & AMG Recycling extracts critical materials, including vanadium, in the form of ferrovanadium from spent catalysts. Ferrovanadium is an alloy which increases the strength of steel and is primarily used in infrastructure applications such as rebar or girders. Through the reclamation of ferrovanadium from spent catalysts, steel manufacturers benefit from a low CO2 alternative compared to sourcing the vanadium through mining. “AMG has developed a world-leading spent-catalyst recycling technology and we are very pleased to be able to form this joint venture and thereby significantly expand and deepen our 17-year relationship with Shell. With the implementation of the IMO 2020 fuel sulfur regulation we expect significant spent-catalyst volume growth. The end-to-end option that will be available to oil refineries will represent an outstanding CO2 reduction opportunity,” Dr. Heinz C. Schimmelbusch, AMG Chairman & Chief Executive Officer.