Altech Advanced Materials AG: BATTERY MATERIALS COATING PLANT PROJECT RECEIVES GREEN STATUS

Heidelberg (pta019/20.12.2021/13:00 UTC+1)

Highlights:

• Planned coating plant for battery materials in Schwarze Pumpe awarded "Medium Green" rating from Centre of International Climate and Environmental Research (CICERO)
• Assessment encompassed both project and governance aspects
• Environmentally sustainable design features acknowledged
• Lower CO2 emissions of up to ~52% possible

Altech Advanced Materials AG (AAM / the Company) (FRA: AMA1), announces that the planned battery materials coating plant of Altech Industries Germany GmbH (AIG) in Saxony, Germany, has been classified as "Medium Green" by the independent Centre for International Climate and Environmental Research (CICERO) as part of the feasibility study (PFS). AIG is a subsidiary of Altech Chemicals Limited (75 %) and Altech Advanced Materials AG (25 %).

As announced on 18 November 2021, CICERO was engaged by AIG to conduct an independent evaluation of the company’s proposed battery materials coating plant that would be located at the Schwarze Pumpe Industrial Park, Saxony, Germany. The plant is being designed with a specific focus on minimizing environmental impact and in accordance with prevailing German, European and International environmental standards.

CICERO’s review has now been completed and a rating of "Medium Green" has been awarded to the project. This positive project evaluation, formally termed a "Green Bond Second Opinion", confirms that the project, which is currently the subject of a PFS, would be suitable for future green bond financing.

In determining the overall project framework rating of "Medium Green", CICERO assessed the proposed governance procedures and transparency as "Good" and confirmed that the project aligns with all green bond principles. In assessing the proposed plant design and coating process, CICERO noted "The plant has near zero Scope 1 and 2 emissions as the plant’s processes, including steam generation, are fully electrified, and it will use renewable electricity sourced from on-site solar panels and renewable energy certificates". Although CICERO acknowledges the project is still in the development phase, in assessing governance and transparency considerations, it has encouraged AIG "to implement and enforce a robust supply chain sustainability policy, as well as to engage with its suppliers to address their sustainability impacts", given that >90% of the plant carbon footprint is attributable to plant feedstock such as graphite and silicon.

A CO2 footprint assessment of the proposed 10,000tpa plant determined that, when compared to the incumbent lithium-ion battery technology that uses a graphite only anode, coated silicon anode material could result in a CO2 emissions reduction of ~19% where 5% coated silicon is used in a battery anode, and a reduction of up to ~ 52% if 20% coated silicon was used (refer Table 1).

Table 1: Estimated reduction in CO2 footprint from use of coated silicon in Lithium-ion battery anode

Commenting on the CICERO assessment, Altech managing director Iggy Tan stated "CICERO’s independent assessment of AIG’s proposed battery materials coating plant, and its suitability for possible future green bond financing, is an important inclusion for the current preliminary feasibility study – and it certainly adds credibility to this proposed project. The PFS continues to progress, and Altech expects that the results will be available to it during the first quarter of 2022."

The Board of Directors

For more information, visit: www.altechadvancedmaterials.com

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Emitter:	Altech Advanced Materials AG Ziegelhäuser Landstraße 3 69120 Heidelberg Germany
Contact Person:	Hansjörg Plaggemars
Phone:	+49 6221 64924-82
E-Mail:	info@altechadvancedmaterials.com
Website:	www.altechadvancedmaterials.com
ISIN(s):	DE000A2LQUJ6 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf