1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Altech Chemicals Limited
  6. News
  7. Summary
    ATC   AU000000ATC9

ALTECH CHEMICALS LIMITED

(ATC)
  Report
Delayed Australian Stock Exchange  -  05/26 01:57:42 am EDT
0.0690 AUD    0.00%
05/02Altech Chemicals Ltd Major Shareholders Convert Listed Options
AW
05/02ALTECH CHEMICALS LTD (ASX : ATC) Major Shareholders Convert Listed Options
AQ
04/28Altech Chemicals Ltd Quarterly Activities Report
AW
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Altech Chemicals Ltd German Battery Materials Plant Targets EU Feedstock

12/28/2021 | 05:52pm EDT

German Battery Materials Plant Targets EU Feedstock

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that two Memorandum of Understanding (MoU) have been executed by Altech Industries Germany GmbH (AIG) and Altech, with two European based suppliers of lithium-ion battery grade anode materials. The MoUs set out the basis for the parties to work together for the possible future supply of materials to a battery material plant that would be constructed by AIG in Saxony, Germany and which is currently the subject of a preliminary feasibility study (PFS).

For graphite, AIG and Altech have executed a MoU with SGL Carbon GmbH (SGL), one of the leading producers of graphite in Europe. SGL Carbon is supporting Altech's development of high purity alumina coated graphite material targeted for use by the lithium-ion battery industry (see ASX Announcement dated 29 April 2021). In addition, the non-binding MoU details the potential future relationship whereby SGL would supply uncoated synthetic graphite anode material to an AIG battery materials plant in Saxony, Germany. The indicative, non-binding volumes and prices that are prescribed in the MoU will be adopted in the AIG PFS financial model. SGL Carbon is a world leader in the development and production of carbon-based solutions and reported sales of 919 million Euros in 2020. Only SGL supplied graphite has been used by Altech in test work conducted at its Perth research and development laboratory.

For silicon, AIG and Altech have executed an MoU with Ferroglobe Innovation S.L. (Ferroglobe), a leading producer of high purity metallurgical silicon in Europe. The non-binding MoU details the relationship whereby Ferroglobe would supply silicon anode material to an AIG battery materials plant in Saxony, Germany. Ferroglobe is a leading producer of silicon metal with a proven ability to create new solutions and applications using state-of-the-art technology to drive innovation. Ferroglobe has the ability to produce high purity silicon, and is targeting the development of tailor-made silicon powders for use in the anode of lithium-ion batteries. Only silicon supplied by Ferroglobe has been used by Altech in test work conducted at its Perth research and development laboratory.

The importance of environmental considerations has previously been highlighted as a key consideration in the design of AIG's proposed battery materials coating plant (refer to ASX Announcement on 18 November 2021). The MoU executed with SGL and Ferroglobe not only establish the basis for the possible future supply of high-quality feedstocks suitable for the battery materials coating process, but also align with the objective to minimise the proposed plant's carbon footprint and overall environmental impact.

The supply of high quality graphite and silicon from these leading European based materials suppliers would also minimise transport emissions attributed to feedstock shipments, plus their respective production facilities have the potential to utilise Europe's extensive green electricity market. Importantly, these suppliers, will like AIG, will be governed by the same stringent European Union (EU) environmental regulations. Both companies have a strong corporate focus on sustainability and reducing the environmental impact of their operations. Finally, partnering with EU based feedstock suppliers is expected to reduce any potential future supply chain risks when compared to non-European suppliers.



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.



Source:
Altech Chemicals Ltd



Contact:

Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com 

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com
 

© ABN Newswire 2021
All news about ALTECH CHEMICALS LIMITED
05/02Altech Chemicals Ltd Major Shareholders Convert Listed Options
AW
05/02ALTECH CHEMICALS LTD (ASX : ATC) Major Shareholders Convert Listed Options
AQ
04/28Altech Chemicals Ltd Quarterly Activities Report
AW
04/28ALTECH CHEMICALS LTD (ASX : ATC) Quarterly Activities Report
AQ
04/27ALTECH CHEMICALS : Application for quotation of securities - ATC
PU
04/25ALTECH CHEMICALS LTD (ASX : ATC) New Web Site
AQ
04/21ALTECH CHEMICALS : Application for quotation of securities - ATC
PU
04/20Altech - outstanding preliminary feasibility study for silumina anodestm battery materi..
AQ
04/19ALTECH CHEMICALS : - Outstanding PFS for Silumina Anodes Project
PU
04/19Altech Chemicals Limited Announces Outstanding Results from Preliminary Feasibility Stu..
CI
More news
Financials
Sales 2021 0,00 M 0,00 M 0,00 M
Net income 2021 2,33 M 1,65 M 1,65 M
Net cash 2021 6,64 M 4,70 M 4,70 M
P/E ratio 2021 21,5x
Yield 2021 -
Capitalization 98,3 M 69,6 M 69,6 M
EV / Sales 2020 37,1x
EV / Sales 2021 69 934x
Nbr of Employees 9
Free-Float 66,5%
Chart ALTECH CHEMICALS LIMITED
Duration : Period :
Altech Chemicals Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALTECH CHEMICALS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Managers and Directors
Ignatius Kim-Seng Tan Managing Director & Director
Martin Stein Chief Financial Officer & Joint Secretary
Luke Frederick Atkins Non-Executive Chairman
Jingyuan Liu General Manager-Operations & Marketing
Peter J. Bailey Independent Non-Executive Director
Sector and Competitors