Development Order Application for HPA Plant
Development Order Application for HPA Plant
Perth, Nov 14, 2018 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that it has been issued a land sub-title number (PTD number) for its ~4Ha site in Johor, Malaysia. The receipt of the PTD has enabled the Company to now submit a development order application to local authorities in Johor for its proposed high purity alumina (HPA) plant.

Highlights

- Land sub-title number (PTD number) received

- Construction development order application submitted

- Preparation of early bulk earth works underway

Altech has been advised that the development order approval time-line is typically 6-8 weeks, however the Company is working with its appointed EPC contractor SMS group GmbH and local authorities for the earlier commencement of bulk earth works and the mobilisation of various sub-contractors, to maintain project momentum.

Earlier this month (refer ASX Announcement dated 6 November 2018), the Company announced that it had finalised its HPA plant site layout and building design, a final requirement before the submission of the development order application.


About Altech Chemicals Ltd

Altech Chemical Ltd ASX:ATCAltech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

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. There is no substitute for HPA in the manufacture of synthetic sapphire.

Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.

    


Contact

Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com



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