Shell & AMG Recycling B.V. and the United Company for Industry
exchanged Memorandum of Understanding with Saudi Aramco to evaluate
building of recycling “Supercenter” in Saudi Arabia
Amsterdam, 13
September
2021
--- Shell & AMG Recycling B.V. (SARBV) and its local
partner, the United Company for Industry (UCI), exchanged a
memorandum of understanding (MOU) with Saudi Arabian Oil Company
(Aramco) to evaluate the feasibility of a venture in support of
Saudi Arabia’s (“The Kingdom”) vision to maximize value from its
vast natural resources. As the Kingdom is becoming a globally
important country for the supply and demand of vanadium, it is
looking to enable the development of a world class facility for
processing refineries’ recyclable materials into valuable products.
In support of this initiative, Shell & AMG Recycling B.V.,
along with Shell Catalysts & Technologies and the United
Company for Industry, will explore the feasibility of building a
catalyst manufacturing and recycling “Supercenter” in the
Kingdom.
As previously announced, this “Supercenter” will
be designed to support Aramco to refine its crudes in an
environmentally sustainable manner through the manufacturing of
fresh residue upgrading catalysts required to convert heavy oil
fractions into valuable refined products. Furthermore, the
“Supercenter” will enable local recycling of the resulting spent
catalysts and gasification ash for critical metals reclamation. The
“Supercenter” is expected to make significant contributions toward
the Kingdom’s strategic circular economy goals by localizing
state-of-the-art fresh catalyst and recycling technologies,
supporting the realization of renewable energy and GHG emission
reduction goals in the region.
An MOU related to the spent catalyst and
gasification ash recycling project was exchanged amongst Jamil J.
Al-Bagawi, Executive Director National Champions of Saudi Aramco;
Ahmad Alabedi, CEO of UCI; Mohammed Alzomaia, Country Chairman of
Shell Saudi Arabia, on behalf of Andy Gosse, President of Shell
Catalysts & Technologies; and Dr. Heinz C. Schimmelbusch,
Chairman & CEO of AMG.
"At the United Company for Industry, we are
delighted to have partnered with SARBV in the development of a
circular vanadium supply chain under the Aramco Industrial
Investment Program, Aramco Namaat. In collaboration with our
partner SARBV, this project builds domestic supply of high value
vanadium specialty products which will support the creation of
local expert jobs and allow the development of downstream value
chains, such as specialty metal alloys and modern energy storage
solutions," said Sheikh Ibrahim Aljomaih.
“SARBV is happy to welcome UCI, leveraging their
know-how about the Kingdom industries as well as their experience
through their mother companies – Aljomaih group,” said Andy
Gosse.
“SARBV is excited to collaborate with UCI who
brings both local and world class expertise to the “Supercenter”
project. UCI’s vision to deliver sustainable value through
innovative materials and technologies to address the needs of
Vision 2030 is in line with AMG’s vision to enable CO2 reduction
through its technologies and products. Shell, AMG and UCI see
multiple opportunities to bring new projects and technology to the
Kingdom in support of our common visions,” said Heinz
Schimmelbusch.
About Saudi Arabian Oil Company
(Aramco): Aramco is a global integrated energy and
chemicals company. We are driven by the core belief that energy is
opportunity. From producing approximately one in every eight
barrels of the world’s oil supply to developing new energy
technologies, our global team is dedicated to creating impact in
all that we do. We focus on making our resources more dependable,
more sustainable and more useful. This helps promote stability and
long-term growth around the world. www.aramco.comMedia Relations:
International.media@aramco.com l Aramco
About United Company for Industry
(UCI):The United Company for Industry (UCI) is a member of
the Aljomaih Group of Companies, a leading industrial group in The
Kingdom of Saudi Arabia. UCI is committed to investing in
sophisticated, integrated manufacturing assets to support the
development of advanced downstream industries and the
transformation plan outlined in Saudi Arabia’s Vision 2030. UCI's
scope includes advanced and specialty chemicals, mining and metals
as well as natural resources in the energy and water segments.
www.unitedindustry.com
About Shell & AMG Recycling B.V.
(SARBV):Shell & AMG Recycling B.V. brings together the
innovative technology and operating experience of Shell and AMG to
address refiners’ waste management challenges. In addition,
refiners will benefit by creating value from their waste
streams.
About Shell Catalysts &
TechnologiesThe companies that comprise Shell Catalysts
& Technologies, all of which are Shell’s wholly owned
subsidiaries, provide technical services and licensed technologies.
Shell Catalysts & Technologies also offers a market-leading
catalyst portfolio with a specific focus on providing innovative
refinery, petrochemical and environmental catalyst solutions.
www.shell.com/CT
About AMG
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 Clean Energy Materials segment combines
AMG’s recycling and mining operations, producing materials for
infrastructure and energy storage solutions while reducing the CO2
footprint of both suppliers and customers. AMG Clean Energy
Materials segment spans the vanadium, lithium, and tantalum value
chains. AMG Critical Materials Technologies segment combines AMG’s
leading vacuum furnace technology line with high-purity materials
serving global leaders in the aerospace sector. AMG Critical
Minerals segment consists of AMG’s mineral processing operations in
antimony, graphite, and silicon metal.
With approximately 3,000 employees, AMG operates
globally with production facilities in Germany, the United Kingdom,
France, 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).
For further information, please
contact:
Nadiyah AlmutairiCorporate Relations
AdvisorShell Overseas Services Ltd – Saudi Arabia Tel: +966
570000274n.almutairi@shell.com
Hassan AlmarashiHead Media Relations Middle East
& North AfricaShell EP International LtdTel: +9714 705
5783Cell: +97156 226 0924Hassan.Almarashi@shell.com
Michele FischerVice President Investor
RelationsAMG Advanced Metallurgical Group N.V.+1 610 975
4979mfischer@amg-nv.com
Ghalib AlharbiVice President Business
DevelopmentTel: +966 506444469ghalib@unitedindustry.com
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All forward-looking statements contained in this press release are
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undue reliance on forward-looking statements. Additional risk
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Disclaimer
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
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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
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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.
- SARBV UCI MOU September 13 2021
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