Altech Batteries Ltd Stock Market Press Releases and Company Profile
Battery Materials Coating Plant PFS Progress
Battery Materials Coating Plant PFS Progress

Perth, July 12, 2021 AEST (ABN Newswire) - Altech Chemicals Limited (googlechartASX:ATC) (googlechartA3Y:FRA) is pleased to provide an update on the pre-feasibility study (PFS) for the construction of a battery materials high purity alumina (HPA) coating plant in Saxony, Germany. The PFS is being undertaken by Altech's 75% owned German subsidiary, Altech Industries Germany GmbH (AIG).

AIG is continuing to make solid progress. The PFS work has progressed to the engineering design phase for a 10,000 tpa battery materials coating plant, which the study is assessing. The plant would be constructed at the ~14 hectare industrial site that AIG has an option to purchase at the Schwarze Pumpe, Industrial Park, municipality of Spreetal in Saxony, Germany.

PFS work is now focussed on completion of the preliminary process design criteria and the sizing of the mechanical equipment required for each of the plant's process steps. An evaluation process of potential engineering and construction companies in the region has been completed, which is important for the project if it progresses to a definitive feasibility study. Enquiries have also commenced with suppliers for all major equipment packages for pricing purposes, and discussions with potential contractors for major works packages are underway.
The battery material coating process design has also now been completed. The process consists of four stages (see Figure 1*). Stage 1 is a HPA precursor production step using an alternative aluminium feedstock. Stage 2 of the process is the receival of the anode battery material (graphite) in bulk bags or drums. The next step is the HPA nano layer coating process which will take place in the coating section of the plant - this is the proprietary technology that Altech has developed. The last stage in the process is finalisation of the coated material, which is then packaged in either bulk bags or drums for shipment to end users.

As previously identified, the plant design shall integrate equipment which utilise 100% renewable energy from the European electricity market. Detailed discussions on options for supply and pricing of such green electricity have now been completed with local energy retailers for input to plant operating cost estimates.

A local environmental consultant has previously been engaged to complete an assessment of the site conditions and review of historical land use to identify any potential contamination or site remediation works which may be required prior to plant construction. No issues were identified. The consultant has also provided a plan and preliminary schedule for obtaining all necessary environmental and planning permits. The plant and equipment shall be designed in accordance with the local, federal and international environmental regulations in line with these permitting requirements.

The plant layout is being modelled on the Schwarze Pumpe site, and capital and operating cost estimates are being collected for financial modelling of the project. Key operating costs including electricity, water, natural gas, labour and transport have all been sourced.

A market report by Roskill has been completed for the electric vehicle (EV) industry, focussed on the growth of this industry in Europe. A forecast for graphite demand in the lithium-ion battery industry has also been completed. The global market for graphite anode materials is set to expand rapidly with estimates for planned battery Gigafactories in Europe (data from Roskill and Roland Zenn) between 280,000 and 350,000 tpa by 2025, and between 600,000 and 800,000 tpa by 2030.

To assist in the commercializing of its battery materials coating technology, Altech has executed a collaboration agreement with SGL Carbon SE of Germany, Europe's leading graphite producer.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/LL550093


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech 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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Contact

Corporate
Iggy 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



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