Altech Chemicals Ltd (ASX:ATC) German Land Purchased for Battery Materials Project

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that its 75% owned German subsidiary, Altech Industries Germany GmbH (AIG), has exercised its option to purchase a ~14-hectare industrial site within the Schwarze Pumpe Industrial Park, municipality of Spreetal, Saxony, Germany (see Figure 1*). The site is an ideal location for a proposed 10,000tpa high purity alumina (HPA) battery materials coating plant, which is the subject of a preliminary feasibility study that is being finalised by AIG. The plant would produce alumina coated silicon / graphite anode materials to supply the lithium-ion battery and electric vehicle (EV) markets, using Altech's proprietary coating technology. The site's location is well positioned to supply alumina coated anode materials to European markets.

An official land handover ceremony was recently concluded at the Schwarze Pumpe Industrial Park.

Attendees included the Saxony State Minister for Development Mr Thomas Schmidt; the Mayor of Spreetal, Saxony Mr Manfred Peine and Lady Major of Spremberg, Brandenburg Ms Christine Herntier. Members of the board of Altech Advanced Materials AG (AAM) and several other political and industrial dignitaries were also present. The ceremony was held in the Dock3 facility of the industrial park, which is directly adjacent to the land, and is where AIG is proposing to construct a HPA battery materials coating pilot plant.

The site handover and an accompanying information update about the proposed battery materials coating projects attracted wide German print and television media coverage. A German television report can be viewed on Altech's web site www.altechchemicals.com, or at https://youtu.be/JJ0S1zbxAxk

The Schwarze Pumpe Industrial Park is located in north-eastern Saxony and is well serviced by existing infrastructure including reticulated electricity and natural gas, rail and roads. The industrial park is 120 km from Berlin and 78 km from Dresden. This area, in the eastern part of Germany, is considered the new automotive nucleus in Europe and hosts production sites for Volkswagen, BMW, Porsche, Daimler and Tesla, as well as a number of key resource and technology players within the value chain of lithium-ion batteries. The region is a leading engineering training ground and has excellent research facilities including the Fraunhofer Institute for Electronic Nano-systems, which is very focussed on ceramic (HPA) nano technology in energy storage.

*To view photographs, please visit:
https://abnnewswire.net/lnk/L6N07W74


About Altech Batteries Ltd

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

    

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