Altech Batteries Ltd Stock Market Press Releases and Company Profile
Finalises Agreement for HPA Plant Site - Johor
Finalises Agreement for HPA Plant Site - Johor

Perth, Mar 15, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (googlechartASX:ATC) is pleased to announce that it has finalised a lease agreement with Johor Corporation for a ~4Ha plot of land in the Tanjung Langsat Industrial Complex, Johor, Malaysia as the site for its proposed high purity alumina (HPA) plant. The Company had previously announced the reservation of the land (refer ASX announcement dated 30 Sept 2015), which is in a section of the industrial complex that is set aside for chemical facilities.

Highlights

- HPA plant site secured at the Tanjung Langsat Industrial Complex, Johor, Malaysia

- 30 year lease, with an option to extend for an additional 30 years

- Johor, Malaysia affords significant operating cost and strategic advantages for the Company

The agreement is a 30-year lease with an option to extend for an additional 30 years (standard terms for land in the industrial complex). The land has been secured with an initial deposit and interim payments will be made during 2016, with a final payment due at the end of 2016.

As previously announced, the Company selected Johor as the location for its proposed HPA plant based on significant economic and developmental benefits, including the ready availability of required consumables such as hydrochloric acid, limestone, quicklime, electrical power and natural gas - all at highly competitive prices. The availability of skilled labour, proximity to an international container sea-port and international airports (Johor Bahru and Singapore) and the various investment incentives on offer were additional benefits.

Feedstock for the HPA plant will be sourced from the Company's 100% owned kaolin deposit at Meckering, Western Australian. Annually, approximately 41,000 tonnes of alumina rich kaolin will be containerised and shipped via the port of Fremantle, Western Australia to the Tanjung Pelepas container port, Johor, Malaysia.

Initial beneficiation of the kaolin will now take place at Tanjung Langsat, with the resultant benign silica sand residue (approximately 36,000tpa) sold as a by-product to local businesses such as brickworks and/or cement plants.

Operating costs for the proposed HPA plant in Malaysia are anticipated to be ~40% lower compared to an equivalent plant in Western Australia. In addition, the shipping of the Company's final HPA product from the Tanjung Pelepas international sea container port to nearby Asian markets will provide both cost and delivery time advantages.

About Johor State

Renowned as being the most sought after location for industries in Malaysia, Johor is a dynamic and vibrant industrial corridor for the world's manufacturing hub, the south-east Asian region. The only state in Malaysia with three ports and an international airport for cargo, Johor is the international metropolis for investment providing political and social stability, fully-developed industrial parks, a growing English-speaking workforce, supportive government policies with attractive tax incentives and low inflation rate. Johor has the largest concentration of the world's leading manufacturers and exporters of electronic products such as semiconductors and artificial sapphires; solar panel and glass products; textiles and rubber and wood products.

About Tanjung Langsat Industrial Complex

Tanjung Langsat is located approximately 40km to the south east of the city of Johor Bahru and caters to light, medium to heavy industries. The industrial hub contains multinational production groups from petrochemical, oil and gas, resource-based, ferrous and non-ferrous metal, biofuel, marine, palm oil and oleochemicals. Major companies operating within the Tanjung Langsat industrial complex include major Spanish steel manufacturer Acerinox Group; Titan Petrochemicals; Kiswire; Dairen Chemicals; Dialog and Lion Eco Chemical.

To view the release including figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATC-756321.pdf


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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