Altech Chemicals Ltd (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 Altech’s 100%-owned kaolin deposit at Meckering, Western Australia.
HPA is a high-value (US$28,000 – US$40,000 per tonne) high margin and highly demanded product. It is critical ifor the production of synthetic sapphire and is increasingly consumed in the manufacture of lithium-ion batteries. Synthetic sapphire is used in the manufacture of substrates for LED lights; semiconductor wafers in the electronics industry; for scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components.
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