Altech appoints Seatram for Transport and Logistics
Perth, Feb 13, 2015 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) is pleased to announce that it has executed a Memorandum of Understanding (MOU) to appoint Sea Transport Management (W.A.) (Seatram) as the exclusive transport and logistic services provider for the Company's proposed high purity alumina (HPA) operation.
Highlights
- Memorandum of Understanding (MOU) with Seatram
- For supply of total transport and logistics solution for Altech's proposed high purity alumina (HPA) operation
- Leading international freight forwarder and logistic provider based in Western Australia
- Malaysia-specific logistics experience
Seatram is a leading international freight forwarder and logistics provider based in Perth, Western Australia, and under the terms of the MOU Seatram will provide the end-to-end transport and logistics for Altech's proposed high purity alumina (HPA) processing plant, to be located in Johor Bahru, Malaysia.
Seatram will initially design and then provide both the transportation and logistics associated with moving approximately 28,000tpa of beneficiated aluminous clay feed-stock from the Company's kaolin deposit in Meckering, Western Australia to the HPA plant in Johor Bahru, Malaysia. In addition, Seatram will provide the international transportation and logistics for the distribution of the finished HPA product from Johor Bahru, to a global customer-base. Seatram through its Malaysian partner will develop and deliver efficient and cost effective international logistics and transportation solutions for Altech.
Commenting on the appointment of Seatram, Altech's managing director Iggy Tan said, "Our strategy is to appoint key partners early, which ensures that the most advanced and efficient solutions are incorporated into the BFS work. Specifically, Seatram is the expert in providing a total international transport and logistics solution for processing companies".
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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