Altech Chemicals progresses Pre-Feasibility Study for high-purity alumina coating plant in Germany
On Monday, July 12, Altech Chemicals (ATC) said that it advanced the Pre-Feasibility Study (PFS) for its battery materials high-purity alumina (HPA) coating plant in Germany. The plant in designed to coat 10,000 tonnes of anode graphite per year in its initial stage, using Altech’s alumina coating technology.
Altech Chemicals also specified on Monday that the Pre-Feasibility Study was focused on the engineering design phase for the HPA coating plant. The process designs for the plant, which is likely to be constructed on a 14-hectare site, have also been completed, it said.
Under the completed process, ATC said it should only take four steps to complete the coating process.
The materials stock said the project began reaching out to suppliers for equipment packages, while discussions over potential contractors for major works were underway. Permitting plan for the plant is also close to being completed.
Commenting on the significance of the wider project, Altech said studies showed graphite demand in the lithium-ion battery industry was due to grow as electric vehicles rose in popularity.
Altech shares ended Monday trading at 4.7 cents each.
Alumina price in China rises by RMB 4/t; Aluminium Fluoride price stands at RMB 7450/t
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