News and Announcements
Altech Chemicals to Benefit from Growing Global HPA Demand
- Published November 30, 2016 12:22PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
23rd November 2016, Proactive Investors
Altech Chemicals Ltd (ASX:ATC) has commissioned a market research report for global high purity alumina (HPA) demand to support project debt funding for the proposed plant in Malaysia.
The report noted that global HPA demand grew 19.5% in 2015 compared with 2014 and demand is forecast to remain strong, growing at 16.7% annually through to 2024.
Altech is aiming to become one of the world’s leading suppliers of 99.99% HPA through construction and operation of the proposed HPA plant in Malaysia.
The plan is for the HPA plant to process raw kaolin mined and shipped from the company’s 100% owned Meckering kaolin deposit located in Western Australia.
Iggy Tan, managing director, commented:
“This latest HPA market analysis report confirms the robust outlook for global HPA demand and the HPA pricing assumption used in the financial model for the company’s proposed Malaysian HPA project.”
To view the full announcement, please click on the button below.
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