Altech Executes Land Purchase Option For Second HPA Plant In Germany

Altech Executes Land Purchase Option For Second HPA Plant In Germany

Australian innovator Altech Chemicals Ltd. announced yesterday its decision to execute the option to purchase a 25-acre tract in Germany ostensibly for building a second high-purity alumina (HPA) plant on the site.

Per the firm, the site at the Schwarze Pump Industrial Park in Saxony has been under consideration since last fall, when the government of Saxony extended an official invitation to the firm to build their next plant at that location. Altech says it will have access to the site for planning and assessment, and that the confidential price for the tract is below similar lands in both Western Australia and Malaysia.

Managing director Iggy Tan said the move put his firm in prime position for making the most of the coming boom in electric vehicles and renewable-energy batteries.

“Whilst we have been focussed on completion of finance and the continuation of construction of Altech’s first HPA plant in Malaysia, the increased fiscal support for the EV and renewable energy sectors recently announced by the EU and Germany, combined with the forecast HPA supply deficit in coming years, has prompted us to move and secure this excellent HPA plant site in Germany – albeit earlier that I had anticipated. A HPA plant takes 4-5 years to design, permit, fund and construct. To meet the forecast HPA supply deficit Altech needs to be pro-active and put in place a plan for its next plant today, whilst staying extremely focussed on the first facility in Johor.”

Altech Chemicals is based in Subiaco, Western Australia and is attempting to implement a marketable process for delivering 99.99% (4N) HPA using conventional equipment at a lower production cost than methods currently available. It plans to construct a 4,500 metric ton per annum HPA plant at Tanjung Langsat Industrial Complex, Johor, Malaysia that will use kaolin clay from a company-owned mine in Meckering, Western Australia. The firm is fast-tracking HPA production due to an agreement with Mitsubishi for 100% of its proposed HPA production for ten years. At present, Altech intends to commence project development later this year.