Altech HPA Plant Detailed Engineering Well Advanced

Altech Chemicals Limited (ASX:ATC) is pleased to provide an update on the extensive detailed design and engineering work for its proposed Malaysian high purity alumina (HPA) plant.

KEY TAKEAWAYS:

• Plant detailed design and engineering well advanced.
• 55 M+W Group personnel allocated to the project.
• Progressing in accordance with revised schedule.
• Supplier and vender firm quotations submitted.
• Final design incorporates scope changes and recommendations from due diligence.

Commenting on the progress of detailed engineering and design activities, Altech managing director Iggy Tan said, “overall, the detailed design, engineering and associated final EPC contract price formation is progressing at the required rate to align with the German government export credit agency project finance cover application and approval process. Altech continues to fund all detailed design and engineering activities in order to expedite project development.”

Altech Chemicals Limited is aiming to become one of the world’s leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is a high-value, high margin and highly demanded product because it is the critical ingredient required for the production of sapphire substrates, which are used in the manufacture of LED lights, alumina semiconductor wafers that are widely used in the electronics industry and for the manufacture of scratch resistant artificial sapphire glass used for watch faces, camera lenses and by various smartphone manufacturers. There is no substitute for HPA in the manufacture of artificial sapphire.

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