Australian innovator Altech Chemicals Ltd. updated investors this week on the progress of its pre-feasibility study (PFS) for its planned high-purity alumina coating plant in Germany.
Per the firm, the report, which is being carried out by its 75 percent owned subsidiary in Germany, is being carried out according to plan. Suppliers for utilities and raw materials for the site have been identified, and input pricing for the plant’s operating costs have been determined.
In addition, suppliers for electrical infrastructure and other similar construction services have been identified by Altech as well. The firm has secured land sufficient for office space and R&D facilities, and the option to purchase 15,000 ft2 of land at the site, which is in the Schwarze Pumpe Industrial Park at Spremberg, Brandenburg-Sachsen, has been extended by another 12 months.
Altech’s managing director Iggy Tan said in a press release that the PFS is returning excellent results thus far for the site.
“Progress on the pre-feasibility study is progress well and meeting all expectations. We are very pleased with the support and encouragement for the study and AIG’s proposed activities that has been received from the Schwarze Pumpe Industrial Park management and the local municipality of Spreetal.”
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.