ALTECH - HPA Project Detailed Design Update
Perth, Sep 21, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) is pleased to provide an update on the detailed design and engineering work that is currently being undertaken by German firm M+W Group in Stuttgart, Germany, for its proposed Malaysian high purity alumina (HPA) plant.
Highlights
- German M+W Group well advanced on HPA plant detailed design and engineering
- Leading global engineering and construction firm with extensive Asian experience
- Established Singapore and Malaysian offices, with extensive Malaysian construction experience
M+W Group is a leading global high-tech engineering firm with around 6,000 employees worldwide. Established in 1912, M+W Group has a strong presence in Asia with regional offices is both Singapore and Penang, Malaysia. The firm manages projects of all dimensions on behalf of clients from various sectors, including electronics, chemicals and pharmaceuticals, energy and information technology. It has completed over 700 projects in the Asia Pacific region, where it employs around 2,200 highly skilled and experiences staff. M+W Group was appointed as Altech's Engineering, Procurement and Construction (EPC) contractor in March 2016 and it commenced detailed design and engineering of the Company's proposed HPA plant in June 2016.
Detailed design and engineering is the final planning phase for the HPA plant prior to the actual commencement of construction. It involves the complete definition of every aspect of the plant including detailed diagrams and drawings for construction, civil works, instrumentation, control system, electrical facilities, management of suppliers, schedule of activities, costs, procurement of equipment and management of environmental impacts. Once completed and subject to funding, the Company and M+W Group will be in a position to order long lead time capital items (subject to finance) and finalise contractual arrangements with the various suppliers and sub-contractors for the commencement of construction activities.
Altech is in the fortunate position of having been able to fast track detailed design and engineering, primarily because of the comprehensive engineering work undertaken during the bankable feasibility study (BFS) phase of the project. M+W Group lead process engineers conducted a pre-commencement detailed review of BFS engineering and only minor changes were identified. Consequently engineering drawings such as process flow diagrams and piping and instrument diagrams were imported directly into M+W Group's systems without re-drawing, saving considerable time and expense. The selection and pre-appointment of critical equipment suppliers such as SGL Group (HCl equipment) and Drytech (kilns) during the BFS gave Altech early access to their equipment specifications enabling incorporation into BFS engineering and thereafter directly transferred to M+W Group for final design and engineering.
M+W Group (Singapore), with its extensive South East Asian operating experience has been engaged to manage all Malaysian permitting and project approvals. This office will also co-ordinate instrument and electrical detailed design and the management of supervision of construction activities.
Detailed design and engineering activates are expected to continue until the first quarter of 2017 and will overlap the expected commencement of construction, which remains subject to the finalisation of project financing.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/WURH74K7
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
| ||
|
