Altech Chemicals reports steady development in HPA site in its September quarterly report

Altech Chemicals published Quarterly Report for September 2018. The company organized the official ground breaking ceremony for Altech’s held at Johor HPA site during this quarter. The Australian High Commissioner and German Ambassador to Malaysia unveiled official opening plaque. The ceremony was attended by partners from Malaysia, Germany, Japan and Australia.  The report also says that the initial stage 1 construction works have commenced in the site.

Patent was granted for HPA production process from Kaolin clay. A Certificate of Grant for an Innovation Patent from the Australian Patent Office  was received during the quarter, for the Company's process of producing high purity alumina (HPA) from kaolin. Altech originally filed the patent titled 'A Method for the Preparation of Alumina' in October 2014. The granted patent covers the production of alumina from all types aluminous clay including kaolin, using hydrochloric acid. The patent will offer protection to Altech and its unique 8 step production method. Altech is in a strong position to defend its intellectual property rights now.

The report also projects a bullish outlook for HPA demand in the lithiumion battery sector. HPA coating is applied directly onto lithium-ion battery anodes and cathodes.  Altech's new proposed supply was welcomed by South Korean market and Altech's proposed HPA product quality and capacity was well received by them. The report says the current HPA pricing at ~US$40,000/tonne in Korea and Japan.

Geotechnical ground survey program is completed at Johor site and site topography, soil stability and soil analysis have been completed.