“Innovation in the private sector is what is going to clean up things and this is what is going on in Saudi Arabia…One man’s hazardous trash is another man’s treasure, and that’s the way that AMG looks at these catalysts.”
–Steve Hanke, chairman of AMG NV’s supervisory board and professor of applied economics at The Johns Hopkins University. Aramco has signed a memorandum of understanding with Shell & AMG Recycling BV, to conduct a study of the feasibility of developing a world-class vanadium recycling facility in Saudi Arabia. [Forbes]