Company
ASX:ATC
Altech Batteries Ltd is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS to commercialise the revolutionary CERENERGY® Sodium Chloride Solid State Battery. CERENERGY® batteries are the game-changing alternative to lithium-ion batteries.
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“Those forecasts, which will be refreshed and possibly changed for the February 1 board meeting, indicate that underlying inflation will print 2.25% by the end of 2022 and 2.5% by the end of 2023,” - Westpac.
The plant would produce alumina coated silicon/graphite anode materials to supply the lithium-ion battery and electric vehicle markets, using Altech’s proprietary coating technology.
The MoUs executed with SGL and Ferroglobe not only establish the basis for the possible future supply of high-quality feedstocks suitable for the battery materials coating process but also align with the objective to minimise the proposed p
Proceeds from the SPP, together with A$8.1 million from a recent placement, will be channelled into the construction of a battery materials coating plant in Germany.
The assessment is part of the PFS being undertaken by its 75%-owned German subsidiary Altech Industries Germany GmbH and ensures that it is now suitable for future green bond financing.
Funds raised will be applied towards construction of a pilot plant in relation to its battery materials coating technology in Saxony, Germany, the development of PFS and DFS studies, purchase of German land, and administration costs and for
Altech Chemicals has raised $8.1 million in an oversubscribed share placement. Together with capital from a share purchase plan, the company intends to use the cash to fund the next stages of construction for its battery materials plant in
"This major achievement is not just a significant breakthrough for Altech, but also for the lithium-ion battery industry generally. Especially so, given the 2020 public statement by US electric vehicle manufacturer Tesla, which said that it
If successful, commercialising Altech’s process would represent a significant step in lithium-ion battery anode evolution.
While the company is focused on completing funding for its high purity alumina (HPA) plant in Johor, Malaysia, it has its sights set on a second plant in Germany.
It is investigating the site as a preferred location for a second plant, specifically to service forecast HPA demand from Europe’s burgeoning electric vehicle and renewable energy battery sectors
Stage-1 and 2 early works construction activities have been completed with a total of 137,916 lost time injury (LTI) free hours at the site by the EPC construction team and its appointed subcontractors.
In response to the global COVID-19 pandemic, the Malaysian government imposed a Movement Control Order (MCO) effective from March 18.
The company has called for a minimum quality standard for all alumina used as coating material on battery separator sheets.
The assessment encompassed both project and governance aspects and allows the project to be considered by investors in the green bond market.
The company aims to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through construction and operation of an HPA processing plant at Johor, Malaysia.
A $200,000 initial payment will be made by Specialty Metals Investments in the coming days, which will represent a prepayment for Altech shares.
The company is confident most European governments will make an economic stimulus available once stability returns to financial markets.
The Centre of International Climate and Environmental Research (CICERO) is associated with the University of Oslo in Norway.
The company can produce high purity alumina at around a third of the price of traditional producers who use aluminium metal feedstock by instead using Kaolin from Meckering, WA as feedstock for the company’s plant in Malaysia.
