Amsterdam, 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.
Under this agreement, BASF will supply renewable energy
certificates (so called “Guarantees of Origin”) to Graphit
Kropfmühl’s production site in Hauzenberg, Germany.
BASF supports Graphit Kropfmühl, a subsidiary of
AMG Critical Materials N.V., with innovative renewable electricity
concept:
- BASF to supply renewable energy
certificates to its supplier and partner Graphit Kropfmühl
- Graphit Kropfmühl to reduce the
product carbon footprint (PCF) of graphite produced in Hauzenberg,
Germany, by at least 25 percent
- BASF to use the reduced PCF
graphite as raw material for Neopor® with a reduced product carbon
footprint
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. By using these GoOs, 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.
“With this innovative concept, 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.
Yong Liu, 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, CEO of Graphit Kropfmühl.
On its journey towards climate neutrality, 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. As a subsidiary of AMG, 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 BASF
At BASF, we create chemistry for a sustainable
future. We combine economic success with environmental protection
and social responsibility. Around 112,000 employees in the BASF
Group contribute to the success of our customers in nearly all
sectors and almost every country in the world. Our portfolio
comprises six segments: Chemicals, Materials, Industrial Solutions,
Surface Technologies, Nutrition & Care and Agricultural
Solutions. BASF generated sales of €68.9 billion in 2023. BASF
shares are traded on the stock exchange in Frankfurt (BAS) and as
American Depositary Receipts (BASFY) in the United States. Further
information at www.basf.com.
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.
Around 340 employees worldwide work for Graphit
Kropfmühl. The company is headquartered at its founding location in
Kropfmühl, Germany, where graphite is mined underground and
refined. Combined with a majority stake-holding in a graphite mine
in Sri Lanka and with a refining plant in China, we ensure a
consistent raw material supply. Since 2008, the company has been
part of AMG Critical Materials N.V. and as a global expert in
critical raw materials, it is at the cutting edge when it comes to
technologies and high-quality products for reducing CO2 emissions.
More information can be found at www.gk-graphite.com.
About AMG
AMG's mission is to provide critical materials
and related process technologies to advance a less carbon-intensive
world. To this end, AMG is focused on the production and
development of energy storage materials such as lithium, vanadium,
and tantalum. In addition, 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, spanning the Company’s
vanadium, titanium, and chrome businesses. 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, antimony, and silicon metal.
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).
Media contacts:
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
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
competitive strengths and weaknesses, plans or goals relating to
forecasted production, reserves, 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. 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
nature, forward looking statements involve inherent risks and
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.
- BASF Renewable Energy Press Release
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