Interview with Chief Financial Officer Martin Stein
Perth, Nov 23, 2022 AEST (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (A3Y:FRA) advises that an interview featuring Chief Financial Officer Mr Martin Stein with Finance News Network is now available for viewing.
In the interview, Martin discusses Altech's joint venture with Fraunhofer to construct a 100MWh factory on Altech's German land to commercialise the CERENERGY(R) sodium alumina solid state battery. Martin also outlines Fraunhofer's position in Germany, as well as the benefits of the CERENERGY(R) technology compared to lithium-ion batteries.
To view the video, please visit:
About Altech Chemicals Ltd
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.
HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.
Altech Chemicals Ltd