Altech Batteries Ltd Stock Market Press Releases and Company Profile
HPA Plant Stage 1 Construction Update
HPA Plant Stage 1 Construction Update

Perth, June 18, 2019 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (googlechartASX:ATC) (googlechartA3Y:FRA) is pleased to provide an update of Stage 1 construction activities currently underway at the Company's high purity alumina (HPA) plant site in Johor, Malaysia.

Highlights

- Stage 1 Construction progressing as planned

- Workshop steel frame erection nearing completion

- Retaining wall construction 75% complete

- OSD Tank excavation and construction work underway

Structural steel erection for the maintenance workshop building has progressed considerably since the Opstaan Yster (stand up of iron) ceremony held on site at the beginning of May 2019. The building frame erection and roof structure placement is nearing completion, and the construction team shall shortly commence with roof and wall cladding activities. Retaining wall construction is proceeding along both the western and eastern site boundaries and is currently estimated as 75% complete. The internal site retaining wall, which is required for site terracing immediately behind the Administration building is also progressing in accordance with the Stage 1 construction schedule.

Finally, excavation of the on-site detention (OSD) storm water tanks have commenced along the southern boundary of the plant site, with construction of the first of four underground tanks now underway, which involves blinding, lining and reinforcement ahead of the pouring of concrete. The four OSD tanks will have a total volume of 2000m3, and will serve as intermediate storage for all site storm water in accordance with the Malaysian planning regulations and stormwater management practices.

An update video can be found at http://www.abnnewswire.net/lnk/09OB65KP

To view figures, please visit:
http://abnnewswire.net/lnk/H63Z5O24


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech 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.

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Contact

Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



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