Appoints EPCM Partner for its HPA Project
Perth, Mar 10, 2015 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) is pleased to announce that following its strategic decision to select Johor Bahru, Malaysia as the preferred location for its proposed 4,000tpa high purity alumina (HPA) processing plant, it has now appointed M+W Group as its Engineering, Procurement, Construction and Management (EPCM) partner.
Headquartered in Stuttgart, Germany, M+W Group was founded in 1912, is a leading global engineering and construction business, has offices in over 30 countries, and in excess of 8,500 employees world-wide. The firm has a strong presence in Asia with regional offices in both Singapore and Penang, Malaysia, and has successfully completed over 700 projects in the Asia Pacific region where it employs around 2,000 highly skilled and experience staff.
Commenting on the appointment of M+W Group by the Company, Altech's managing director Iggy Tan explained, "The decision to appoint an EPCM partner at this stage of the HPA project, and to embed them in the BFS team, will enhance the overall quality and accuracy of the BFS work. Specifically, M+W Group brings with it a vast knowledge of the Malaysian construction environment, conditions, regulations, and design requirements; all of this experience will now be available to the BFS team and will facilitate more informed design decisions during the study. This will ultimately position the Company for a rapid transition to final detailed design, long lead item procurement and the commencement of construction following the completion of the BFS."
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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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