💥Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Altech Chemicals makes strong progress with Silumina Anodes™ pilot plant construction in Germany

Published 07/02/2023, 11:53 am
Updated 07/02/2023, 12:30 pm
© Reuters.  Altech Chemicals makes strong progress with Silumina Anodes™ pilot plant construction in Germany

Altech Chemicals Ltd (ASX:ATC) has made strong progress with the construction of its Silumina Anodes™ pilot plant project in Saxony, Germany.

The company revealed its ‘game-changing’ technology of incorporating high-capacity high-purity alumina-coated silicon and graphite in lithium-ion batteries and is in on a fast track to get the patented technology to market.

In anticipation of the pilot plant being commissioned, Altech is progressing with the 10,000 tonnes per annum definitive feasibility study (DFS) by completing the phase 1 process definition.

Pilot plant update

The pilot plant's front end, known as the wet circuit, is progressing well with the necessary infrastructure including power supply, building modifications, laboratory and circuit nearing completion.

The pilot plant is being housed in an existing building in Dock3 at Schwarze Pumpe, with the required building modifications and electrical panel infrastructure construction completed in the last quarter.

Fabrication of the back end of the pilot plant, including the coating equipment, dryer and calciner (longer lead times) is underway in South Africa and Europe.

Whilst some back-end items such as the silicon carbide linings are being expedited, Altech anticipates that the final items will be installed and commissioned by the September quarter of this year.

Definitive feasibility study

The DFS is running in parallel with the pilot plant construction, with a detailed design team having transitioned from the pilot plant design to the DFS study.

The mass and energy balance has been finalised, allowing for the progression of layouts and sourcing of production-scale vendor equipment to commence.

Altech also appointed ARIKON Infrastruktur GmbH to manage the approval process, site infrastructure requirements and the balance of the plant.

Arikon will be responsible for managing the application process and working with relevant regulatory bodies to obtain all necessary approvals for the project.

This includes securing necessary permits and licenses, coordinating with local authorities, and arranging utility connections.

Additionally, Arikon will be responsible for designing the site infrastructure requirements for the site.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.