Altech Chemicals (ASX:ATC) - Managing Director, Iggy Tan
Managing Director, Iggy Tan
Source: Finance News Network
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Altech Chemicals (ATC) says the Pre-Feasibility Study (PFS) for its battery materials high-purity alumina (HPA) coating plant is progressing well
  • ATC advises the process designs have been completed for the 10,000-tonne-per-annum plant, as well as the environmental due diligence and a permitting plan
  • The company says the pricing of equipment and construction packages is also underway, with the plant due to sit on a 14-hectare site in Germany
  • The demand for graphite anode materials is expected to grow rapidly in the coming years as electric vehicles become more popular
  • Company shares are trading at 4.7 cents each

Altech Chemicals (ATC) has advanced the Pre-Feasibility Study (PFS) for its battery materials high-purity alumina (HPA) coating plant in Germany.

The HPA plant is designed to coat an initial 10,000 tonnes of anode graphite per year using Altech’s alumina coating technology.

In an update released to the market on Monday, the company said the PFS for the wider project was progressing well.

ATC specified that the study was now focussed on the engineering design phase for the HPA coating plant.

The materials stock said it’s begun reaching out to suppliers for equipment packages, while discussions over potential contractors for major works were underway.

The process designs for ATC’s plant, which will likely be constructed on a 14-hectare site it has the option of purchasing in Saxony, have been completed.

Under the completed process, ATC said it should only take four steps to complete the coating process.

Meanwhile, along with the process design being finalised, Altech said the environmental due diligence and a permitting plan for the plant were close to being completed.

Commenting on the significance of the wider project, Altech said studies showed graphite demand in the lithium-ion battery industry was due to grow as electric vehicles rose in popularity.

Company shares ended Monday trading at 4.7 cents each.

ATC by the numbers
More From The Market Herald
ABx (ASX:ABX) - Incoming CEO, Dr Mark Cooksey

" ABx (ASX:ABX) appoints Dr Mark Cooksey as CEO

Emerging hi-technology and explorer-developer ABx (ASX:ABX) has appointed Dr Mark Cooksey as CEO, effective February 1.

" Silver Lake Resources (ASX:SLR) wins bid for TSX-listed Harte Gold

Silver Lake Resources (ASX:SLR) has won its bid to acquire TSX-listed gold mining company Harte Gold.
Tesoro Resources (ASX:TSO) - Managing Director, Zeff Reeves

" Tesoro Resources (ASX:TSO) identifies new gold zone at El Zorro

Tesoro Resources (ASX:TSO) makes new gold discovery at its 85 per cent-owned El Zorro gold project…

" Group 6 Metals (ASX:G6M) shares drop on new CEO appointment

Group 6 Metals (ASX:G6M) appoints Keith McKnight as its new Chief Operation Officer.