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Altech Chemicals showcases HPA strategy at Korean InterBattery exhibition

German engineering firm SMS group GmbH is the EPC contractor for construction of the company’s HPA plant in Malaysia.

Altech Chemicals Ltd - Altech Chemicals successfully showcases HPA strategy at Korean InterBattery exhibition
Altech's team at the InterBattery exhibition in Korea

Altech Chemicals Ltd (ASX:ATC) has returned from the InterBattery exhibition in Korea which focused on showcasing various new products and technologies related to the battery industry.

Altech’s exhibition booth was manned by managing director Iggy Tan, alternative director Uwe Ahrens, general managing Dr Jingyuan Liu and process engineer Summer Qi.

The company said the turnout at the booth was successful and that the exhibition was an important part of building the ‘Altech’ brand as an emerging supplier of high-quality 4N high purity Alumina (HPA).

HPA is crucial for the lithium-ion battery industry as it used as a coating on the separator sheets that divide the cathode and anode electrodes within a battery.

The separator sheet membrane acts as a critical safety barrier inside the battery with this role ensuring the anode and cathode electrodes do not ‘short circuit’.

Altech is aiming to become one of the world’s leading suppliers of 99.99% (4N) HPA through the construction and operation of a 4,500 tonnes per annum HPA processing plant at Johor, Malaysia.

Feedstock for the plant will be sourced from the company’s kaolin deposit at in Meckering, Western Australia, and shipped to Malaysia.

The company has raised about $39 million in the last 24 months to fund the beginning of stage 1 and 2 of the plant’s construction.

Stage 1 construction began in February 2019 and stage 2 is underway.

Quick facts: Altech Chemicals Ltd

Price: 0.048 AUD

Market: ASX
Market Cap: $42.4 m

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on 21/7/20

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