Construction update March 2020
Perth, Mar 11, 2020 AEST (ABN Newswire) - Altech Chemicals Limited (
ASX:ATC) (A3Y:FRA) is pleased to provide an update on the current status of construction activities at the Company's high purity alumina (HPA) plant site in Johor, Malaysia.
Construction of the onsite electrical substation has continued to progress and is now ahead of schedule. All major structural works are now complete and the majority of external detailing of the building has been finished. The EPC consortium (SMS group and Metix) and its subcontractors have recently commenced internal finishing and architectural detailing, the completion of sewerage and drainage works, and the finalisation of vehicle access requirements.
The substation is now expected to be completed during April 2020, approximately four (4) weeks ahead of schedule. Handover of the building to Altech will be after final inspection and the identified of any punch list items. The substation will be turned over the local electricity service provider TNB (Tengaga Nasional Behad) for inspection by its project team ahead of switchgear installation, which is planned in parallel to the HPA plant construction to ensure that electricity supply is available well in advance of plant commissioning.
As at the end of February 2020, the EPC construction consortium and subcontractors had completed 125,303 lost time injury (LTI) free hours on site. The Stage 1 and 2 construction activities have seen a total of 253 employees and contractors inducted, and work completed with one (1) first aid / medical treatment case, and zero (0) lost time injuries.
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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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