Join our daily newsletter At The Bell to receive exclusive market insights
- Altech Chemicals (ATC) signs a framework agreement with Fraunhofer IKTS to expedite the testing and qualification process for Altech’s Silumina Anodes product
- IKTS is a German institute who’ll provide extensive performance testing of various types of battery applications to assist the qualification process of the Silumina Anodes product for potential customers
- The company says it’s well funded to complete a pilot plant adjacent to its industrial site in Saxony, Germany to supply commercial samples to potential downstream customers and for the qualification process
- Altech recently completed a pre-feasibility study for a 10,000 tonnes per annum Silumina Anodes plant in Germany and is now in the commercial development stage
- Shares in Altech are up 13.5 per cent, trading at 5.9 cents as of 1:41 pm AEST
Altech Chemicals (ATC) has executed a framework agreement with Fraunhofer IKTS to expedite the testing and qualification process for the company’s Silumina Anodes product.
IKTS, through its extensive lithium-ion battery research and network of partners, will be able to provide extensive performance testing of various types of battery applications that will assist the qualification process Altech’s Silumina Anodes product for potential customers.
The company confirmed it is well funded to complete a pilot plant adjacent to its industrial site in Saxony, Germany to supply commercial samples to potential downstream customers and for the qualification process.
Also, the company had recently completed a pre-feasibility study for a 10,000 tonnes per annum silumina anodes plant in Germany.
It was then found that the company’s silicon graphite composite product achieved a much higher energy capacity than conventional graphite anode and stability during the life of the battery.
In 2021, the company announced it achieved a 30 per cent higher energy battery with improved cyclability or battery life and is now in the process of commercial development.
With a capital investment of only US$95 million (A$137 million), the pre-feasibility study for the project returns a net present value of US$507 million with yearly net free cash generated of US$63 million.
Altech said it is quickly advancing the project to the next stage of development and is well positioned to dramatically reduce supply risks by positioning its operation in Germany and sourcing its graphite and silicon feedstock from European suppliers.
Shares in Altech were up 13.5 per cent, trading at 5.9 cents as of 1:41 pm AEST.
