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Altech Chemicals' Iggy Tan brings high purity alumina to Proactive's Luncheons

Altech Chemicals' Iggy Tan brings high purity alumina to Proactive's Luncheons

Altech Chemicals (ASX:ATC) managing director Iggy Tan outlined the company's focus of becoming a world leading producer of high purity alumina (HPA) at Proactive's Sydney / Melbourne Luncheons this week.


Currently 70% of HPA demand is in the Asia Pacific region, providing the opportunity for Altech.

Altech’s HPA plant is Malaysia is therefore well-positioned to service the region.

Tan said that high purity alumina will be part of the next “new age materials boom,” just like rare earths, lithium and graphene.

Altech is currently targeting around $55 million in project debt, and has commenced discussions with Asian banks.

Malaysia HPA Plant:

- Capital cost estimate US$76.9 million.
- Payback period 3.8 years.
- Pre-tax NPV10 of US$326 million.
- Highly attractive IRR of 30.3%.
- LT sale price forecast of US$23,000/t for 99.99% (4N) product.
- Opex of US$8,140/tonne.
- EBITDA of US$59.4 million.


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