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Altech Advanced Materials AG: BATTERY MATERIALS COATING PLANT PROJECT SECURES FUTURE EU FEEDSTOCK SUPPLY
Heidelberg (pta005/28.12.2021/09:45 UTC+1)
Highlights:
- Graphite development and supply MoU executed with SGL Carbon
- High purity silicon supply executed with Ferroglobe
- Potential for feedstock production to utilise extensive European renewable energy sources
Altech Advanced Materials AG (AAM / the Company) (FRA: AMA1) is pleased to announce that Memorandum of Understandings (MoU) have been executed by Altech Industries Germany GmbH (AIG), a subsidiary of Altech Chemicals Limited (75%) and Altech Advanced Materials AG (25%), with two European based suppliers of lithium-ion battery grade anode materials. AIG thus secures regional access from secure sources for production-critical material for the future production of innovative anode material that can sustainably increase the performance of lithium-ion batteries.
For graphite, AIG has executed a supply MoU with SGL Carbon GmbH (SGL), one of the leading producers of graphite in Europe. SGL Carbon is supporting Altech’s development of high purity alumina coated graphite materials targeted for use by the lithium-ion (Li-ion) battery industry (also see corporate news from April 29, 2021). In addition, the non-binding MoU details the potential future relationship whereby SGL would supply uncoated synthetic graphite anode material to AIG battery materials plant in Saxony. The indicative, non-binding volumes and prices set out in the MoU will be adopted in the AIG PFS financial model. SGL Carbon is a world leader in the development and production of carbon-based solutions and reported sales of 919 million Euros in 2020. Only SGL supplied graphite has been used by Altech in test work conducted at its Perth research and development laboratory.
For silicon, AIG has a supply MoU with Ferroglobe Innovation S.L. (Ferroglobe), a leading producer of high purity metallurgical silicon in Europe. The executed non-binding MoU details the supply relationship whereby Ferroglobe would supply silicon anode material to AIG battery material plant in Saxony. Ferroglobe is a leading producer of silicon metal with a proven ability to create new solutions and applications using state-of-the-art technology to drive innovation. It has technologies to produce high purity grade silicon and is specifically developing tailor made silicon powders for the anode of lithium-ion batteries. Only Ferroglobe supplied silicon has been used by Altech in test work conducted at its Perth research and development laboratory.
The MoUs executed with both SGL and Ferroglobe not only ensure the future supply of high-quality feedstocks suitable for the battery materials coating process, but also align with the objective to minimize the plant’s carbon footprint and overall environmental impact.
Both partners place great emphasis on sustainability and reducing the environmental impact of their operations. Finally, the selection of raw material suppliers based in the EU compared to non-European suppliers should reduce potential future supply chain risks.
The Board of Directors
About Altech Advanced Materials AG Heidelberg-based Altech Advanced Materials AG (ISIN: DE000A2LQUJ6) ("AAM") is an investment company listed in Frankfurt. The company's objective is to participate in the market for lithium-ion batteries and thus in the rapidly growing sector of electromobility as well as in the expected market development for the other applications of high-purity alumina. To this end, Altech Advanced Material AG has acquired a 25% stake in Altech Industries Germany, Dresden, ("AIG"), where a factory for the production of coating material for anode batteries is to be built together with the partner Altech Chemicals Limited, Australia ("ATC"). A feasibility study is currently underway. AIG holds the exclusive rights to use the coating technology for anode materials and the rights to the high purity alumina ("HPA") production technology within the European Union from Altech Australia Pty Ltd, Australia. In addition, AAM holds an option to acquire up to a 49% interest in Altech Australia Pty Ltd, Australia ("Altech") for up to $100 million. Currently, Altech is a wholly owned subsidiary of ATC. Altech owns the IP rights to the HPA technology as well as being the wholly owned parent company of Altech Chemicals Sn Bd, Malaysia, through which a 4,500 tonne HPA plant is to be built in Johor, Malaysia, and Altech Meckering Pty Ltd, Australia, the company that holds the rights to the kaolin mine from which the raw material for HPA production is sourced. For more information, visit: www.altechadvancedmaterials.com |
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| Emitter: |
Altech Advanced Materials AG Ziegelhäuser Landstraße 3 69120 Heidelberg Germany |
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| 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 |