Altech Chemicals Ltd (ASX:ATC) Development Order Application for HPA Plant

Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that it has been issued a land sub-title number (PTD number) for its ~4Ha site in Johor, Malaysia. The receipt of the PTD has enabled the Company to now submit a development order application to local authorities in Johor for its proposed high purity alumina (HPA) plant.

Highlights

- Land sub-title number (PTD number) received

- Construction development order application submitted

- Preparation of early bulk earth works underway

Altech has been advised that the development order approval time-line is typically 6-8 weeks, however the Company is working with its appointed EPC contractor SMS group GmbH and local authorities for the earlier commencement of bulk earth works and the mobilisation of various sub-contractors, to maintain project momentum.

Earlier this month (refer ASX Announcement dated 6 November 2018), the Company announced that it had finalised its HPA plant site layout and building design, a final requirement before the submission of the development order application.


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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