Altech receives debt guarantee for its proposed Malaysian high purity alumina project

Altech Chemicals Limited, one of the world’s promising high purity alumina producers, announced that German government has agreed to a credit cover for its high purity alumina project.

Altech Managing Director Iggy Tan, said: “news of the IMC decision for offer of cover is an outstanding milestone for the Company’s high purity alumina (HPA) project, the culmination of many years of hard work by Altech staff, consultants, EPC contractor SMS group GmbH, KfW IPEX-Bank and many others associated with the project”.

 “Complete details of the offer of cover are expected to be received in the coming days and will be announced in due course.”

Altech Chemicals is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA). The company has completed a Final Investment Decision Study (BFS) for the construction of a 4,500tpa HPA plant at the Tanjung Langsat Industrial Complex, Johor, Malaysia.

Altech Chemicals is currently in the process of securing project financing with the aim of commencing project development in 2018.