Development Order Approved for Malaysian HPA Plant
Perth, Jan 24, 2019 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) (A3Y:FRA) is pleased to announce that the Development Order for the Company's high purity alumina (HPA) plant in Johor, Malaysia has been approved and that site establishment works have commenced.
Highlights
- Development Order for Malaysian HPA plant approved
- Site establishment and mobilisation has commenced in Johor
- Stage 1 construction works to follow site establishment
Establishment activities that are underway, or will commence shortly, include: hoarding of the entire site; the establishment of a site office, guard house and security; construction of access ways into and within the site; mobilisation of construction plant and equipment; and project signage. Safety inductions have been completed for all sub-contractors involved in site establishment activities. The commencement of works follows the initial approval of a site establishment works permit from local authorities in Johor that was valid from 1 January 2019.
The stage 1 construction work activities will follow the completion of site establishment work. The proposed works include bulk earthworks; maintenance workshop foundation piling; the construction of retaining walls; onsite water detention tanks (OSD tanks); construction of the site sub-station structure and a maintenance workshop. The maintenance workshop will be used as covered storage during stage 2 of the HPA plant construction. The majority of stage 1 works have been funded and pre-paid to the EPC contractor which will be credited against the US$280 million lump-sum fixed-price HPA plant EPC contract.
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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.
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