Amsterdam, 22 April 2011 --- 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.