AMG Vanadium

What AMG Vanadium does

AMG Vanadium LLC, founded in 1952 and headquartered in Cambridge, Ohio, is the largest ferrovanadium producer in North America and the world's largest recycler of spent oil refinery catalyst. The company operates as a wholly-owned subsidiary of Amsterdam-listed AMG Critical Materials N.V. and runs two Ohio production sites: the original Cambridge facility and a $300M Zanesville greenfield plant that became fully operational in 2022, doubling the company's spent catalyst processing and metal reclamation capacity.

The company's competitive foundation is its proprietary V-CYCLE® roasting and pyrometallurgical metal recovery process, which uses multi-hearth roasters and Electric Arc Furnaces to convert hazardous refinery catalyst into saleable ferrovanadium and ferroalloys at a 99%+ conversion rate, with no process wastewater and an 80% lower carbon footprint than vanadium produced from primary mining. Its product portfolio includes the registered brands FEROVAN® (ferrovanadium for steel strengthening), FeNiMoly® (ferronickel-molybdenum for stainless steel), REVAN™ (calcium-aluminate synthetic slag), and LimeAdd™ (FGD gypsum for waste stabilization), sold under ISO 9001:2015 quality systems.

AMG Vanadium generates revenue through two interlocking streams: (1) transaction-fee recycling services paid by oil refineries for environmentally compliant spent catalyst disposition, with refineries receiving metal credits for contained metals under multi-year contracts, and (2) direct sales of ferrovanadium, ferronickel-molybdenum, and slag products to North American steelmakers via a dedicated enterprise field-sales motion with technical support. The company is pursuing international growth through the Shell & AMG Recycling B.V. joint venture, which is constructing a spent catalyst Supercenter in the Kingdom of Saudi Arabia.

Name

AMG Vanadium

Legal name

AMG Vanadium LLC

Website

https://amg-v.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

101–250 employees

Short description

AMG Vanadium is the largest ferrovanadium producer in North America and the world's largest recycler of spent oil refinery catalyst, converting hazardous refinery waste into ferrovanadium and ferroalloys via its proprietary V-CYCLE® process for steelmakers and oil refiners.

Ownership category

akta.pro rank

Product category

Specialty Ferroalloys & Spent Catalyst Recycling

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110), Nonferrous Metal (except Aluminum) Smelting and Refining (33141)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Metal Melting & Secondary Smelting/Refining (Recycled Feedstock Producers) (EUAIAJAJ)

akta.pro secondary industries

Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF), Metals Recovery & Sorting Facilities (Ferrous/Non-Ferrous) (EUAIADAG)

Keywords

• Ferrovanadium production
• Spent catalyst recycling
• Ferroalloy manufacturing
• Steel strengthening alloys
• Metal reclamation services

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Spent Catalyst Processing Services: AMG Vanadium charges oil refineries for environmentally beneficial recycling of spent catalyst. The company provides risk elimination by converting hazardous waste into saleable products, with refineries receiving credits for metals contained in their spent catalyst.
2. FEROVAN® (Ferrovanadium) Sales: Sale of ferrovanadium alloy to steelmakers for strengthening steel. FEROVAN® is sold to carbon and stainless-steel industries with documented quality under ISO 9001:2015.
3. FeNiMoly® (Ferronickel-molybdenum) Sales: Sale of ferronickel-molybdenum alloy to stainless steel producers (Type 316, Type 317, T-318, T-319) and special bar quality applications (AISI 4300, 8600, 8700 series). Provides cost savings over traditional nickel and molybdenum alloys.
4. REVAN™ (Calcium-Aluminate) Sales: Calcium-aluminate material sold to steelmakers for synthetic slag applications in ladle metallurgy operations. Used for sulfur and inclusion removal, improved castability and yields.
5. LimeAdd™ (FGD gypsum) Sales: Sale of Flue Gas Desulfurization by-product used for waste solidification, waste stabilization, and metal stabilization. Customers realize cost savings compared to other lime-based products.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

AMG Vanadium manufactures specialty ferroalloys—ferrovanadium (FEROVAN®), ferronickel-molybdenum (FeNiMoly®), calcium-aluminate (Revan™), and FGD gypsum (LimeAdd™)—and sells them to the steel industry. Through its proprietary V-CYCLE® process, it also provides spent petroleum catalyst recycling services to oil refineries, converting hazardous refinery waste into saleable metals at over 99% conversion rates.

Product overview

AMG Vanadium offers a portfolio of specialty metal products and recycling services centered on its proprietary V-CYCLE® pyrometallurgical process. The core product line includes FEROVAN® (ferrovanadium alloy for steel strengthening), FeNiMoly® (ferronickel-molybdenum alloy for stainless and carbon steel production), Revan™ (calcium-aluminate slag conditioner), and LimeAdd™ (FGD gypsum for waste stabilization). These products are complemented by spent catalyst recycling services that convert oil refinery waste materials into valuable specialty metals, achieving over 99% conversion rates with significantly reduced environmental impact compared to traditional mining.

Differentiator

Problem solved

Functional benefit

Brands

• FEROVAN®: Ferrovanadium alloy product produced by AMG Vanadium used to strengthen steel, with a carbon footprint five times smaller than traditionally mined vanadium.
• FeNiMoly®
• Revan™
• LimeAdd™

Products and services

• FEROVAN® FEROVAN® is AMG Vanadium's low-aluminum ferrovanadium alloy used to strengthen steel, marketed as 'Green Vanadium' with a carbon footprint five times smaller than traditionally mined vanadium. Sold to carbon and stainless-steel producers under ISO 9001:2015 quality management with certificate of analysis, offering high density (6.4 g/cc), superior solubility, and maximum steelmaking recoveries.
• FeNiMoly® FeNiMoly® is AMG Vanadium's ferronickel-molybdenum alloy produced alongside ferrovanadium, providing cost savings by replacing virgin nickel and molybdenum products. Available in ingots for NiMo stainless steel production such as Type 316, Type 317, T-318, T-319, and special bar quality applications (AISI 4300, 8600, 8700 series).
• Revan™ Revan™ is AMG Vanadium's calcium-aluminate material sold to steelmakers as a component of synthetic slag applications in ladle metallurgy operations. Used for removing unwanted oxides, sulfides, nitrides, and phosphides, providing steel protection from reoxidation, and improving inclusion removal, castability, and yields.
• LimeAdd™ LimeAdd™ is AMG Vanadium's Flue Gas Desulfurization (FGD) gypsum by-product, produced through the reaction of hydrated lime and sulfur dioxide. Used for waste solidification, waste stabilization, and metal stabilization, including solidifying semi-liquid wastes such as drilling muds and cuttings, with cost savings versus other lime-based products.
• Spent Catalyst Services (V-CYCLE®) AMG Vanadium's industry-leading proprietary V-CYCLE® service provides environmental risk elimination and commercial value for petroleum refineries. Services include full calcine/roast, metal recovery, responsible materials management, sustainability reporting, metal estimations, laboratory capabilities, logistics, and catalyst disposition consulting. The V-CYCLE® process converts over 99% of vanadium-bearing refinery waste into saleable ferrovanadium and other alloys.

Quantifiable outcome

• Over 99% conversion to saleable products from spent catalyst
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered major, core and strategic.

• Marathon Petroleum CorporationmajorStrategic or Co-development Partner · 1 January 2018AMG Vanadium serves as recycling partner for resid spent catalyst from MPC's Galveston Bay refinery. Awarded 2018 Environmental Stewardship Award for extraordinary environmental stewardship and business performance.
• Major Alberta Oil Sands Refinery OperatormajorStrategic or Co-development Partner · 1 January 2015Multi-year agreement to process and recycle spent catalysts from Alberta Oil Sands, Canada operations. Extends existing long-term relationship.
• VaniteccoreOthersAMG Vanadium is a proud member of Vanitec, a not-for-profit global vanadium industry organization. Serves on the Board of Directors of Vanitec Limited through President Thomas Centa. Actively engaged in promoting the interests of the vanadium industry.
• Vanadium Producers & Reclaimers Association (VPRA)coreOthersMember of VPRA, actively engaged in promoting vanadium industry interests. President Hoy E. Frakes served as president of VPRA.
• Shell & AMG Recycling B.V.strategicStrategic or Co-development PartnerJoint venture representing AMG Vanadium's international expansion. Kevin Jones serves as Managing Director of the joint venture representing AMG. The JV is building a Supercenter project in the Kingdom of Saudi Arabia for spent catalyst recycling.

Scale indicators8 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Eurecat: Global leader in spent catalyst recycling and rejuvenation services, with plants in the US, Europe, and the Middle East. Direct competitor to AMG Vanadium for refinery spent catalyst feedstock, offering catalyst rejuvenation alongside metals reclamation.
• Porocel (Evonik): Spent catalyst recycling and alumina rejuvenation specialist, now part of Evonik. Competes directly with AMG Vanadium for hydroprocessing catalyst feed, with comparable pyrometallurgical processing of spent catalyst into metal-bearing products.
• Treibacher Industrie AG: Austrian specialty ferroalloy producer including ferrovanadium, ferronickel-molybdenum, and other master alloys. Closest European competitor to AMG's FEROVAN® and FeNiMoly® product lines, serving the same steel industry end market.
• U.S. Vanadium Holding Company: US-based producer of high-purity vanadium chemicals and ferrovanadium, with operations in Hot Springs, Arkansas. Direct domestic competitor to AMG Vanadium for North American ferrovanadium supply, focused on V2O5 and FeV from processed feedstocks.
• Largo Resources: Canadian vertically integrated vanadium producer operating the Maracás Menchen mine in Brazil. Competes with AMG in the global vanadium market from the primary mining side, providing direct supply-side pressure on ferrovanadium pricing.
• Bushveld Minerals: South African integrated vanadium producer with primary mining, processing, and electrolyte capabilities. Competes in the global vanadium supply market that AMG Vanadium serves through its recycled-feedstock route.
• Atlantic Limited: Australian specialty alloy producer including ferrovanadium, ferronickel, and other master alloys for the global steel industry. Direct product-line competitor to AMG's FEROVAN® and FeNiMoly® offerings.

Broad incumbents

• Glencore (Vanadium): Global mining and commodity trading major with vanadium production from its Rhovan operations in South Africa. Competes broadly in the ferrovanadium and vanadium pentoxide markets as part of a much larger diversified portfolio, without the spent catalyst recycling specialization that defines AMG.
• EVRAZ (Vanadium): Integrated steel and vanadium producer with upstream V2O5 and ferrovanadium operations in Russia and the Czech Republic. Major global ferrovanadium supplier but primarily a primary-mining route; competing in the same customer base as AMG Vanadium.

Others

• Shell & AMG Recycling B.V. Joint venture between Shell and AMG Critical Materials N.V. building spent catalyst recycling capacity (notably a Supercenter in Saudi Arabia). Not a competitor but an affiliated expansion of the AMG Vanadium recycling model internationally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/amg_vanadium
• Facebookfacebook.com/amgvanadiumLLC
• LinkedInlinkedin.com/company/amg-vanadium-inc./about

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AMG Vanadium