viewAltech Chemicals Ltd

Altech Chemicals Ltd capital raising to be used for high purity alumina plant design


Altech Chemicals Ltd (ASX:ATC) has banked $744,000 in a Share Purchase Plan and $2 million in total funds raised toward finalising the detailed design of Altech’s proposed high purity alumina (HPA) plant in Johor, Malaysia.

Altech is aiming to become a leading supplier of 99.99% (4N) high purity alumina (HPA) (Al2O3).

Altech is unique in that it uses a process to convert aluminous clay, sourced from its own quarry in Western Australia to HPA in a simple, highly cost effective process with operating costs a fraction of its larger, more established peers.

A recent Bankable Feasibility Study for the development of a 4,000 tonne per annum HPA processing plant at Johor provided robust financial outcomes from development of the project including a pre-tax NPV of US$358 million (previously US$326 million).

Aletch is following a conservative development strategy, using management’s extensive experience in building chemical plants, with the aim to be one of the world’s largest producers of HPA.

HPA is being used in a growing number of high tech applications and is set to have a CAGR of 19.7% to 2021.

Altech managing director, Mr Iggy Tan said, “the Company is most appreciative of the strong support shown by our shareholders for the SPP, which follows on from the support of predominantly new shareholders for the recently completed share placement.”

The company said it was in ongoing discussions with various other potential investors that were unable to meet the timeline to participate in the recent share placement, but remain interested to make an investment.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: Altech Chemicals Ltd

Price: 0.041 AUD

Market: ASX
Market Cap: $50.19 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Altech Chemicals Ltd named herein, including the promotion by the Company of Altech Chemicals Ltd in any Content on the Site, the Company...


Altech Chemicals moves to secure site for second high purity alumina plant...

Altech Chemicals Limited's (ASX:ATC) (FRA:A3Y) Iggy Tan speaks to Proactive's Andrew Scott after announcing a purchase agreement option for a 10-hectare industrial site in the Saxony region of Germany as the company considers constructing a second high purity alumina (HPA) plant. The company...

on 21/7/20

2 min read