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Orbite advances smelter-grade alumina plant
Edited by : AL CIRCLE
2 min read
Orbite Aluminae Inc. said it has achieved major technical achievements building the final design phase of the smelter-grade alumina (SGA) plant.
With the support of M&K, a North American leader in chemical process design, Orbite successfully modified the SGA plant design by incorporating the best practices from the chemical industry and expanding the breadth of its innovative processes, resulting in a significant reduction in the consumption of fossil fuels by at least 30%, and of water by at least 60%.
According to the Orbite Aluminae press release, these advancements should lead to a major reduction in the number of operational units required in various aspects of the SGA plant, and provide the basis for a decrease of the estimated operating and capital costs.
The SGA plant feasibility study, which has now entered the detailed engineering and sub-system integration phase, will be modified to incorporate the final design of the SGA plant, and is now anticipated to be completed during the first half of 2013.
The environmentally friendly process does not produce red mud. The process extracts and recovers all constituent elements of the feedstocks, thereby producing high-quality alumina and other high-value by-products.
Construction of the first phase of the first SGA plant is still anticipated to begin in 2013 with completion by late 2014.
Orbite Aluminae is a Canadian clean tech company whose unique technology could have a significant impact on the aluminum industry.
On Tuesday morning, Orbite Aluminae was trading at $2.99 a share. The company has a market cap of $538.6 million, based on 180.1 million shares outstanding. The 52-week high and low was $3.93 and $1.34 respectively.
With the support of M&K, a North American leader in chemical process design, Orbite successfully modified the SGA plant design by incorporating the best practices from the chemical industry and expanding the breadth of its innovative processes, resulting in a significant reduction in the consumption of fossil fuels by at least 30%, and of water by at least 60%.
According to the Orbite Aluminae press release, these advancements should lead to a major reduction in the number of operational units required in various aspects of the SGA plant, and provide the basis for a decrease of the estimated operating and capital costs.
The SGA plant feasibility study, which has now entered the detailed engineering and sub-system integration phase, will be modified to incorporate the final design of the SGA plant, and is now anticipated to be completed during the first half of 2013.
The environmentally friendly process does not produce red mud. The process extracts and recovers all constituent elements of the feedstocks, thereby producing high-quality alumina and other high-value by-products.
Construction of the first phase of the first SGA plant is still anticipated to begin in 2013 with completion by late 2014.
Orbite Aluminae is a Canadian clean tech company whose unique technology could have a significant impact on the aluminum industry.
On Tuesday morning, Orbite Aluminae was trading at $2.99 a share. The company has a market cap of $538.6 million, based on 180.1 million shares outstanding. The 52-week high and low was $3.93 and $1.34 respectively.
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