More information about ALTECH BATTERIES LTD

Altech Chemicals Limited (Altech/the Company) is aiming to become one of the world's leading producers of 99.99% (4N) high purity alumina (HPA) (Al2O3) through the construction and operation of a 4,000tpa HPA plant at Tanjung Langsat Industrial Complex, Johor, Malaysia. Feedstock for the HPA plant will be sourced from the Company’s 100%-owned kaolin deposit at Meckering, Western Australia. 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 LEDs; semiconductor wafers used in the electronics industry; and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. An emerging use for HPA is as a coating for lithium-ion battery separators. There is no substitute for HPA in the manufacture of synthetic sapphire. Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), which is being driven primarily by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs. (Source. Persistence Market Research 2016). Altech is fast-tracking the development of its HPA project after securing a 10-year off-take agreement with Mitsubishi for 100% of its proposed HPA production. Altech is in the process of securing project financing with the aim of commencing project development in 2017.