As confirmed by our April, 2019 site visit to Johor Bahru in Malaysia, Altech Chemicals Limited (“Altech” or “the Company”) has made considerable progress on the 100% owned 4,500 tpa HPA Project (“the Project”), which is planned to become a low cost provider of 99.99% (“4N”) High Purity Alumina (“HPA”) into global markets.
Demand for HPA is forecast to grow by at least 16% CAGR over the next 5 to 10 years, on the back of the growing LED lighting market and growth in demand for HPA coated separators (“HPACS”) for the lithium ion battery markets – the growth of the latter is due to the increasing energy density, and hence heat generation of the batteries, with the HPACS being able to withstand significantly hotter operating temperatures than the traditional polymer separators – this also provides improved safety, battery life and efficiency.
