Altech Chemicals Limited (ASX: ATC) has confirmed a final construction contract for the Silumina Anodes pilot plant with Küttner GmbH & Co. KG was executed following a site visit this week by Altech’s senior management in Saxony, Germany.
German engineering firm Küttner has completed the final plant engineering design and cost estimation. The Basic Engineering phase has confirmed key design parameters, locking in key equipment capacities and validating operational criteria.
Küttner will immediately commence the procurement process, and construction of the pilot plant will follow when equipment begins arriving towards the back end of this year.
The pilot plant is designed to produce 120kg per day of Silumina Anodes coated battery anode material, which will be made available to selected European battery manufacturers and auto-makers.
The pilot plant will be established in Dock3 (leased warehouse space), next door to Altech’s land in Schwarze Pumpe Industrial Park in Saxony, Germany.
Altech, with its cash position at the end of March 2022 of A$11.571 million, is well funded to construct and complete the pilot plant. The pilot plant is estimated to cost A$7.177 million, of which A$5.382 million will be funded by Altech (75% owner) and A$1.794 million will be funded by Altech Advanced Materials AG (25% owner).
Küttner is a German-based industrial plant engineering and EPC contractor, with strong experience in design, procurement, project and construction management and plant commissioning across a range of industries. It has previously completed metallurgical plant, water and off-gas treatment projects in Germany. Küttner bringing valuable local knowledge to the execution of the project.
For further information please visit: https://www.altechchemicals.com/