Shell & AMG Recycling B.V. and the United Company for Industry ink agreement with Aramco

The agreement is in support of Saudi Arabia’s [Vision 2030] ambitions to accelerate energy transition, achieve sustainability aspirations and drive circular investment in the Kingdom, and in alignment with the Aramco Namaat Industrial Investments Program initiative that aims to build national champions, create a robust industrial ecosystem and introduce unique job opportunities.

As Saudi Arabia and the GCC region are becoming globally pivotal for the supply and demand of the metal, vanadium, as well as the upgrading of the bottom-of-the-barrel, the Metals Reclamation Complex seeks to enable the development of a world-class and regional facility for processing refineries’ recyclable materials into valuable products. In support of this initiative, this agreement aims to be the initial phase of the Supercenter complex, with the processing of the metal vanadium concentrate from the Jazan Integrated Gasification Combined Cycle Plant, licensed by Shell, to produce high-purity vanadium pentoxide; build a regional research and development centre for testing a residue-upgrading catalyst; install a lithium vanadium battery (LIVA); and install a vanadium electrolyte production plant, an important step in the development of a market for vanadium redox flow batteries in Saudi Arabia.

The agreement also addresses later phases of the visionary “In-Kingdom Supercenter” that include expanding recycling capabilities, as well as a regional hub for spent residue catalysts metals reclamation, and fresh residue-upgrading catalyst manufacturing. This unique combination of capabilities, all in one place, will provide an end-to-end solution for refiners, and aim to accelerate growing niche downstream industries in Saudi Arabia.

Read the article online at: https://www.hydrocarbonengineering.com/refining/06072022/shell-amg-recycling-bv-and-the-united-company-for-industry-ink-agreement-with-aramco/