Altech opens Malaysian subsidiary office
Perth, Nov 2, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) is pleased to announce that it has opened an office for its wholly owned Malaysian subsidiary company Altech Chemicals Sdn Bhd in Johor, Malaysia. The office is conveniently located approximately 300 metres from the site of Altech's proposed high purity alumina (HPA) plant in the Tanjung Langsat Industrial Complex, Johor, Malaysia.
Highlights
- Altech opens Malaysian subsidiary office in Johor
- Office situated close to site of proposed HPA plant
- Malaysian based project coordinator appointed
- Applications for various permits and approvals commenced
Altech has also appointed a Malaysian based project co-ordinator, who together with engineers from M+W Group (Altech's Engineering, Procurement and Construction (EPC) contractor) will be based in the new office building during construction of the HPA plant.
Altech managing director Mr Iggy Tan commented, "The opening of the Company's Malaysian office is another positive step in advancing development of Altech's HPA project. Having an office so close to the site of the proposed HPA plant is ideal. Also, the appointment of a site based project co-ordinator will enable the various applications for permits and approvals to be efficiently progressed ", he concluded.
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.
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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