Altech Battery Materials Coating Plant Receives Green Status
Perth, Dec 20, 2021 AEST (ABN Newswire) - Altech Chemicals Limited (
ASX:ATC) (A3Y:FRA) is pleased to report that as part of the preliminary feasibility study (PFS) being undertaken by its 75% owned German subsidiary Altech Industries Germany GmbH (AIG), the independent Centre of International Climate and Environmental Research (CICERO) in Norway has assessed the proposed German Battery Materials Coating Plant project as "Green".
As announced on 18 November 2021, CICERO were engaged by AIG to conduct an independent evaluation of the Company's proposed battery materials coating plant proposed to be located at the Schwarze Pumpe Industrial Park, Saxony, Germany. The plant is being designed with a specific focus on minimising environmental impact, and in accordance with prevailing German, European and International environmental standards.
CICERO's review has now been completed, and a rating of "Medium Green" has been awarded to the project. This positive project evaluation, formally termed a "Green Bond Second Opinion", confirms that the project, which is currently the subject of a PFS, would be suitable for future green bond financing.
In determining the overall project framework rating of "Medium Green", CICERO assessed the proposed governance procedures and transparency as "Good" and confirmed that the project aligns with all green bond principles. In assessing the proposed plant design and coating process, CICERO noted "The plant has near zero Scope 1 and 2 emissions as the plant's processes, including steam generation, are fully electrified, and it will use renewable electricity sourced from on-site solar panels and renewable energy certificates". Although CICERO acknowledges the project is still in the development phase, in assessing governance and transparency considerations, it has encouraged Altech "to implement and enforce a robust supply chain sustainability policy, as well as to engage with its suppliers to address their sustainability impacts", given that >90% of the plant carbon footprint is attributable to plant feedstock such as graphite and silicon.
A CO2 footprint assessment of the proposed 10,000tpa plant determined that, when compared to the incumbent lithium-ion battery technology that uses a graphite only anode, coated silicon anode material could result in a CO2 emissions reduction of ~19% where 5% coated silicon is used in a battery anode, and a reduction of up to ~ 52% if 20% coated silicon was used (refer Table 1*).
Commenting on the CICERO assessment, Altech managing director Iggy Tan stated "CICERO's independent assessment of AIG's proposed battery materials coating plant, and its suitability for possible future green bond financing, is an important inclusion for the current preliminary feasibility study - and it certainly adds credibility to this proposed project. The PFS continues to progress, and Altech anticipates that the results will be available to it during the first quarter of 2022."
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/V630MDH8
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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