Green Credentials of German Battery Materials Plant
Perth, Nov 18, 2021 AEST (ABN Newswire) - Altech Chemicals Limited (
ASX:ATC) (A3Y:FRA) is pleased to report on the green credentials assessment that has recently been completed for a battery materials coating plant that is subject to a preliminary feasibility study (PFS) currently being finalised by Altech Industries Germany GmbH (AIG), a 75% owned subsidiary of Altech.
As part of the PFS, AIG has concluded a detailed carbon dioxide (CO2) footprint assessment for a battery materials coating plant with a capacity of 10,000tpa. The plant would be located at the Schwarze Pumpe Industrial Park, Saxony, Germany and has been designed with a specific focus on minimising environmental impact, and in accordance with prevailing German, European and International environmental standards. The plant design would also satisfy the Equator Principles that any future potential project lender would require be met.
The assessment took into account various environmentally friendly design features such as a hydrochloric acid recovery package whereby close to 100% of the acid is recovered and recycled, and the use of 100% green electricity generated from renewable sources. It was also assumed that the plant's proposed end product, alumina coated silicon, when incorporated with graphite anode battery material would result in an increase in lithium-ion battery energy storage capacity. This extra capacity would transpire into a lower CO2 footprint battery when compared to the incumbent lithium-ion battery using a graphite only anode. This part of the assessment determined that coated silicon anode material could result in a CO2 emissions reduction of ~19% where 5% coated silicon is used in a battery anode, up to a ~ 52% reduction if 20% coated silicon was used.
Following this positive environmental assessment, AIG has now engaged the Centre of International Climate and Environmental Research (CICERO) in Norway to conduct an independent evaluation of the project and provide an accreditation status. A similar process was undertaken by CICERO for Altech's Johor HPA plant (refer to ASX Announcement on 20 May 2020).
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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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