About Altech Chemicals (ASX: ATC)
Altech Chemicals Limited (Altech/the Company) is aiming to become one of the world’s leading suppliers of 99.99% (4N) high purity alumina (Al2O3)(HPA) through the construction and operation of a 4,500tpa HPA manufacturing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company’s 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia. Construction has commenced at the HPA plant site and is by German engineering firm SMS group. Stage-1 early works were handed-over in October 2019 and Stage 2 in July 2020. Altech’s HPA production process is to employ conventional “off-the-shelf” plant and equipment to extract HPA using a hydrochloric acid (HCl) based process. Production costs are anticipated to be considerably lower than established HPA producers – in the bottom quartile of the cost curve. The Project is a high margin, high value proposition.