For the first round of testing, a batch of battery electrodes were produced using non-coated standard anode grade graphite particles (the control), and a separate batch was produced that contained anode grade graphite particles coated with HPA using Altech's technology. One hundred cycles of cell charge and discharge were completed. Results for the coated graphite anodes compared to the non-coated anodes were positive and encouraging. Test work will now proceed to the next stage where additional runs of battery charge and discharge will be undertaken with the aim of obtaining results that demonstrate repeatability and consistency.
On
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Altech's General Manager Operations and chief scientist, Dr
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About
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 is forecast to 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.
German engineering firm SMS group
Conservative (bank case) cash flow modelling of the project shows a pre-tax net present value of
The Company has been successful in securing senior project debt finance of
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