Join our daily newsletter At The Bell to receive exclusive market insights
- Altech Chemicals (ATC) has provided an update on its pre-feasibility study (PFS) to construct a high-purity alumina (HPA) 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
- So far, Altech has identified potential utilities and material suppliers as well as shortlisting suppliers for electrical infrastructure, piping materials and construction services
- It also secured an office at the Schwarze Pumpe Industrial Park and rented a research and development space adjacent to the proposed plant site
- Altech’s shares are down a slight 2.46 per cent and trading at 6 cents
Altech Chemicals (ATC) has provided an update on its pre-feasibility study (PFS) to construct a high-purity alumina (HPA) plant in Germany.
Altech’s 75 per cent-owned subsidiary, Altech Industries Germany (AIG), is leading the PFS, which began in late March.
The study is being undertaken for the construction of a high-purity alumina (HPA) 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.
The PFS will assume the use of 100 per cent renewable power from the local grid with some minor onsite solar generation for buildings to achieve green project status. Once the study is finished, the project may be assessed for green accreditation by the Centre of International Climate and Environmental Research (CICERO).
Activities completed so far include a due diligence review of environmental and site conditions which confirmed the Schwarze Pumpe site as suitable to host the proposed plant. The environmental consultant who conducted the review outlined the requirements for plant permitting and environmental regulations.
Altech has identified potential suppliers for utilities and materials as well as input pricing for these items. It has also shortlisted potential suppliers for electrical infrastructure, piping materials and construction services and commissioned them to provide proposals.
“We are very pleased with the support and encouragement for the study and AIG’s proposed activities that has been received from the Schwarze Pumpe Industrial Park management and the local municipality of Spreetal,” Managing Director Iggy Tan said.
AIG recently secured an onsite office space at the Schwarze Pumpe Industrial Park for three years. It also rented two bays within a 12-bay warehouse that adjoins the office. This space will be used to conduct various battery materials research and development (R&D) activities.
The company believes the office and R&D space will be sufficient for feasibility, testing and engineering work, as well as a future potential plant for coating battery materials.
Source: Altech Chemicals
In addition to the PFS, Altech has revealed an option agreement secured mid-last year has been extended.
The option agreement is to acquire the 14-hectare site where the HPA plant will supposedly be developed on. AIG had an initial 12-month term to exercise its purchase option but has chosen to extend this by 12 months.
Altech’s shares are down a slight 2.46 per cent and trading at 6 cents at 12:42 pm AEST.
