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06 APRIL 2023 AL CIRCLE

Alpha HPA receives grant worth up to $2.17 million for Stage 2 of its first high-purity alumina facility in Gladstone

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

Queensland Government has reportedly offered a grant of up to $2.17 million to Alpha HPA, the Australia-based and globally focused high-purity aluminium products manufacturer. The funding will be used to support Stage 2 of Alpha’s first high-purity alumina facility in Gladstone.

Alpha HPA receives $2.17 million funding for Stage 2 development at its first high-purity alumina facility

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In a statement to the ASX on Wednesday, April 5, Alpha said the funding from Queensland Government would support capital expenses for Stage 2 of the high-purity alumina plant.

Stage 1 of the plant is currently undergoing a ramp-up to produce the full-range of Alpha’s high-purity materials, receiving support from a $15.5 million Critical Minerals Accelerator Initiative in April 2022.

Alpha HPA’s Managing Director Rimas Kairaitis said, “Alpha welcomed the funding, and we welcome the state’s recognition of Alpha’s products [as] key critical minerals [in the] LED, E-Mobility, and semi-conductor markets. This financial assistance builds on the existing announced support from the Commonwealth Government and adds further momentum for the Project.”

 Alpha received another grant last year worth $45 million through the former federal government’s Modern Manufacturing Initiative.


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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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