Serghei Gheorghe

Verde Magnesium

Verde Magnesium is developing the EU's dedicated primary metallic Magnesium (Mg) producer, to offer Europe not only an internal but also a sustainable supply alternative for its Mg demand which is currently 100% imported. Verde Magnesium brings together a world class management team with successful track-records in Magnesium Industry. Verde Magnesium (VM), has been working for 3 years to bring back to life an advanced but abandoned project and develop EU's dedicated primary metallic Mg producer that will: ▪ Deploy technology, know-how and investments of EUR billions in Europe ▪ Diversify supply sources and reduce EU dependency on imports ▪ Eliminate CO2 associated with imports ▪ Produce a green/very low CO2 footprint Mg ▪ Allow closed loop recycling of Mg in Europe ▪ Reduce lead times, buffer stocks and associated working capital needs of EU industry ▪ Create thousands of direct & indirect jobs