Construction of Altech’s Silumina Anodes pilot plant in Saxony, Germany, is progressing as planned with the front-end wet plant largely completed and commissioning now underway.

Long-lead back items such as the dryer and calciner are under construction in South Africa and are scheduled to be installed and commissioned in the middle of this year.

The pilot plant is designed to produce 120kg of coated battery anode material per day for selected European battery manufacturers and auto-makers.

Altech Chemicals’ (ASX:ATC) also continues to progress the Definitive Feasibility Study for construction of a full-scale 10,000 tonne per annum Silumina Anodes plant.

The Kuettner engineering team has already finalised the final mass and energy balance, allowing for the progression of layouts and sourcing of production-scale vendor equipment to commence.

Altech has also appointed ARIKON Infrastruktur (Arikon) to manage the approval process, site infrastructure requirements, and the balance of the plant.

Arikon will be responsible for managing the application process and working with relevant regulatory bodies to obtain all necessary approvals for the project.

This includes securing necessary permits and licenses, coordinating with local authorities, and arranging utility connections.

Additionally, Arikon will be responsible for designing the site infrastructure requirements for the site.

Silumina Anodes

Altech’s game-changing technology incorporates high-capacity silicon into lithium-ion batteries, which was previously considered to be impossible due to silicon’s tendency to expand by up to 300% during battery charging.

Its development has resulted in a 30% increase in energy capacity with improved cyclability and battery life, which will lead to smaller, lighter batteries and substantially less greenhouse gases.

The Preliminary Feasibility Study into the 10,000tpa plant for the production of Silumina Anodes reflected US$185m in revenue per annum to deliver pre-tax net present value and internal rate of return, both measures of a project’s financial viability, of US$507m and 40% respectively.

This will be achieved at an affordable capital cost of US$95m while payback of capital costs is expected within 3.1 years.

 

 

 

This article was developed in collaboration with Altech Chemicals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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