Altech Chemicals Ltd (
The vision of Altech Chemicals Ltd is to be a world leading producer of high purity alumina(HPA) - 4,000 tonnes per annum.
About Sapphire and HPA
- Sapphire as hard as diamond
- Forms in nature - temp and pressure
- Synthetic sapphire wafers
- Used in LEDs, semiconductors, watches
- Needs pure alumina (99.99%)
- 99.99% (4N) HPA sells for US$23,000 tonne
- 70% demand - Asia Pacific region
Detailed Design is progressing well
- Detailed design at advanced stage
- 55 M+W engineers on the project
- Germany, Singapore and Malaysia
- Process plant, equipment & piping (Germany)
- Civil, buildings, electrical, instruments (Singapore)
- Overall about 90% specified
- Overall 65% in binding quote
Timeframe to market
- Debt funding term sheet end Q2 2017
- Project equity Q3 2017
- Site works commencing Q3 2017
- 18 months construction
- First product due early 2019
Altech growth performance
- 600% growth market cap growth
- Ave trade value $2k/day to $205 k/day
- 640 shareholders to 1,660 shareholders
To view the presentation, please visit:
http://abnnewswire.net/lnk/GCC6MVU7
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.
Contact
CorporateIggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
Related Companies
Related Industry Topics: