AMG Vanadium Builds New Plant
AMG Vanadium LLC (Cambridge, OH) has purchased a site for its second spent catalyst recycling facility in Muskingum County’s Washington Township. The facility will create approximately 100 new production and management jobs in addition to 500-600 temporary jobs during construction. As previously announced, the new plant will be financed with the proceeds from the sale of up to $350 million tax exempt bonds to be issued by the Ohio Air Quality Development Authority (OAQDA). The company’s headquarters will remain in Cambridge, in neighboring Guernsey County.
A new roasting and ferroalloy production facility will enable them to respond to growing demand from the global refining and steel industries by essentially doubling its resid spent catalyst recycling capacity and annual ferrovanadium and ferronickel-molybdenum production
“AMG has a stated objective to maintain our presence as the world leader in the recycling of resid spent catalysts not only now, but in the future,” said Dr. Heinz Schimmelbusch, the chief executive officer. “Essentially doubling our recycling capacity in Southeast Ohio represents a decisive step toward achieving that objective.”
The new facility, planned for Eastpointe Business Park in Washington Township, will be similar to their existing plant, which has successfully operated in Cambridge since 1952. The first phase of construction, which is expected to begin later this summer and be completed the second half of 2020, will focus on a raw material storage building and a multiple-hearth roaster. Overall project completion, including construction of the ferroalloy production facility, is expected in 2021.
“We are excited to double our presence – and our production – in Southeast OH,” said the company’s president, Hoy E. Frakes, Jr. “By expanding within the vicinity of our existing headquarters in Cambridge, we will be able to capitalize on the synergies between the two plants and continue to tap into the talent and work ethic of the people of this region. We are moving forward on this project thanks to the support we have received from the State of Ohio, Muskingum and Guernsey Counties, and all of our public and private sector partners.”
