Appoints Atea as its Composites Supply Partner
Perth, Mar 17, 2015 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Atea Environmental Group (Atea) appointing it as the partner for the supply of dual-laminate anti-corrosive composite plant and equipment for Altech's proposed high purity alumina (HPA) plant. Dual-laminate composite materials are highly specialised fluoro-plastics that can withstand hydrochloric acid duty at elevated temperature. The plant and equipment to be supplied by Atea will include specially fabricated vessels, tanks, process equipment and piping/fittings for heavy-duty applications in the acid leaching, crystallisation and purification areas of Altech's HPA plant.
Atea, with offices in Singapore, China, Malaysia and Germany, specialises in the design, engineering, fabrication and installation of anti-corrosive products such as dual-laminate and plastic reaction vessels and piping systems; Atea is an active supplier to the chemical, pharmaceutical, metallurgy, mining and microelectronic industries. The business comprises teams of highly knowledgeable engineers, who have extensive experience in the design and construction of plant and equipment. Atea is a leader in thermoplastics and fibre re-enforced plastic (FRP) materials in Asia. Atea's Malaysian production facility, established in 2004, is located near Kulim High-Tech Park, close to George Town, Penang, Malaysia.
Commenting on the signing of the MOU with Atea, Altech's managing director Iggy Tan explained, "Our strategy is to appoint key equipment and plant suppliers during the Bankable Feasibility (BFS) stage of the HPA project and to embed them in the BFS team.
"This enhances the overall quality of the BFS work. Specifically, Atea is one of the leading suppliers of heavy-duty fluoro-plastics plant and equipment, and have a strong presence in Asia. We look forward to working closely with them".
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATC-713327.pdf
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
| ||
|
