3 July 2024 --- AMG Critical Materials N.V.’s ("AMG" EURONEXT AMSTERDAM: "AMG") subsidiary Graphit Kropfmühl and BASF have entered into an innovative agreement to reduce their product carbon footprint BASF will supply renewable energy certificates (so called “Guarantees of Origin”) to Graphit Kropfmühl’s production site in Hauzenberg a subsidiary of AMG Critical Materials N.V. with innovative renewable electricity concept: A Guarantee of Origin (“GoO”) certifies that a given amount of power was produced in a particular renewable power plant thus providing a tangible proof of the usage and source of the renewable power the carbon footprint of graphite produced by Graphit Kropfmühl at the Hauzenberg site will be reduced by at least 25 percent This graphite will then be used by BASF as a raw material for the production of Neopor® which will therefore also have a lower product carbon footprint BASF’s Neopor® is used as raw material for insulation products for buildings we act hand in hand with our customers and beyond the boundaries of our own factory gates to effectively protect the climate By deepening our collaboration with Graphit Kropfmühl we are able to accelerate the journey towards net zero together,” said Horatio Evers Managing Director of BASF Renewable Energy GmbH Director of Global Direct Procurement Plastic Additives at BASF added: “This is a win-win for BASF and Graphit Kropfmühl – a pragmatic approach with a positive impact that will strengthen our long-standing partnership with Graphit Kropfmühl and shows that we are pulling together when it comes to sustainability Neopor® and Neopor® BMB are solutions with an oustanding insulation performance and sustainability profile The use of graphite with a reduced product carbon footprint from our partner Graphit Kropfmühl is a consequent further step on our journey to net zero BASF is also working on further such projects with other partners.” “We are excited to deepen our partnership with BASF by reducing our product carbon footprint (PCF) by at least 25 percent and moving towards a more sustainable future together,” said Thomas Junker BASF has set itself ambitious goals and is striving to achieve net zero CO2 emissions by 2050 One major lever to achieve these targets is the use of renewable power BASF has therefore conducted significant investments into renewable power sources over the past years AMG was founded on the principle that CO2 abatement targets would create increased criticality for specialty materials This strategic focus is encapsulated in the company’s Enabled CO2 Reduction Portfolio concept (“ECO2RP”) at the level of AMG’s customers Its strategic focus is fully aligned with and supports the EU Taxonomy Graphit Kropfmühl supports the parent company’s commitment to reduce its direct CO2 emissions by 20 percent from a baseline of 2019 until 2030 This corresponds to a total reduction of 125,000 tons of CO2 About Graphit Kropfmühl (subsidiary of AMG Critical Materials N.V.) Since its foundation more than 100 years ago Graphit Kropfmühl has been synonymous with long-standing raw materials expertise Graphit Kropfmühl extracts and refines natural graphite processes and refines synthetic graphite and produces dispersions pastes and lubricant premixes in powder form AMG's mission is to provide critical materials and related process technologies to advance a less carbon-intensive world AMG is focused on the production and development of energy storage materials such as lithium AMG's products include highly engineered systems to reduce CO2 in aerospace engines as well as critical materials addressing CO2 reduction in a variety of other end use markets AMG’s Lithium segment spans the lithium value chain reducing the CO2 footprint of both suppliers and customers AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally It serves as the engineering home for the Company’s fast-growing LIVA batteries and spans AMG’s mineral processing operations in graphite With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan (www.amg-nv.com) AMG Critical Materials N.V.Michele FischerSenior Vice President of CommunicationsPhone: +1 610 975 4979Email: mfischer@amg-nv.com BASF Renewable Energy GmbHPhilipp PfefferleHead of Advocacy & CommunicationPhone: +49 151 1507 0683Email: Philipp.pfefferle@basf.com Certain statements in this press release are not historical facts and are “forward looking” Forward looking statements include statements concerning AMG’s plans plans and intentions relating to acquisitions AMG’s competitive strengths and weaknesses plans or goals relating to forecasted production financial position and future operations and development AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions are intended to identify forward looking statements forward looking statements involve inherent risks and uncertainties 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 or circumstances on which any forward looking statement is based You are using an outdated browser. Please upgrade your browser or activate Google Chrome Frame to improve your experience AMG Advanced Metallurgical Group has energized its first hybrid storage system based on lithium-ion batteries and vanadium redox flow batteries in Germany The system reportedly combines the advantages and electrochemical properties of both storage technologies Image: AMG Advanced Metallurgical Group N.V The company said it will use the storage facility to flatten production-driven spikes in electricity demand as a backup power supply and black-start source in case of full power failure “The battery was developed by AMG Engineering and AMG LIVA and it is also suitable for solar energy storage,” a company spokesperson told pv magazine The representative said that the battery will be integrated with a large-scale solar power plant in the future The aim is to further lower the facility's energy costs and enable it to also provide grid services “All critical main parts are manufacturer of assembled in Germany,” the spokesperson said “The vanadium redox flow battery is assembled in Hanau and the vanadium electrolyte in Nuremberg The lithium-ion-modules for the Lithium-iron phosphate (LFP) battery come from strategic partners and the battery system is also assembled in Hanau.” The company says the new battery ensures the optimal use of the technical and electrochemical properties of both storage technologies in a virtual battery configuration and an optimal design for the energy storage assets It reportedly takes advantage of lithium-ion battery tech's high power and energy density It also benefits from the high cycle stability and flexible power-to-energy scaling of the vanadium redox flow battery concept the battery offers automated monitoring and optimization based on self-learning algorithms “The economic implications of our approach is that the battery offers advantages in terms of both power and energy costs,” the spokesperson said noting that the system has an expected lifecycle of more than 20,000 cycles AMG Group is currently developing three additional LIVA batteries It says one at AMG Titanium Alloys’ plant in Nuremberg will focus on peak shaving A third one at AMG Engineering in Hanau will be used as a demonstration facility for a range of applications More articles from Emiliano Bellini Please be mindful of our community standards and website in this browser for the next time I comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so You may revoke this consent at any time with effect for the future in which case your personal data will be deleted immediately your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled Further information on data privacy can be found in our Data Protection Policy Δdocument.getElementById( "ak_js_2" ).setAttribute( "value" This website uses cookies to anonymously count visitor numbers. 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