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- Altech Chemicals’ (ATC) German subsidiary is planning a pre-feasibility study on constructing a battery materials HPA coating plant
- The study will assess the commercial viability of constructing a battery materials coating plant at a site in Saxony, Germany
- The proposed plant would use Altech’s alumina coating technology to coat anode-grade materials with high purity alumina (HPA)
- The pre-feasibility work is scheduled to start in March 2021
- Altech Chemicals is up 5.26 per cent and trading at 6 cents per share
Altech Chemicals’ (ATC) German subsidiary is planning a pre-feasibility study on constructing a battery materials HPA coating plant.
The subsidiary, Altech Industries Germany (AIG), is 75 per cent owned by Altech Chemicals, with the other 25 per cent held by Altech Advanced Materials.
AIG’s pre-feasibility study will assess the commercial viability of constructing a battery materials coating plant at a site in Saxony, Germany. AIG currently has an option to acquire a 14-hectare industrial site at the Schwarze Pumpe Industrial Park in northeastern Saxony.
The proposed plant would use Altech Chemicals’ alumina coating technology coat anode-grade materials with high purity alumina (HPA). These materials would then be supplied to the regional lithium-ion battery market, which is rapidly growing across the European continent.
HPA is often applied as a coating to the separator sheets used within lithium-ion batteries. This is because separators which are coated in alumina improve the battery’s performance, durability, capacity, chargeability, and overall safety.
Altech Chemicals is determined to tailor its HPA into specialised products which are targeted at more efficient applications within the lithium-ion battery industry. The company has contemplated the possibility that the proposed coating plant could source its HPA feedstock from Altech’s proposed HPA plant in Malaysia.
The pre-feasibility work, which will determine the fate of the potential coating plant, is scheduled to start in March 2021. The study will be jointly funded by the shareholders in AIG, Altech Chemicals and Altech Advanced Materials.
Altech Chemicals is up 5.26 per cent, trading at 6 cents per share at 11:49 am AEDT.
