Published On: July 12th, 2022
Altech Chemicals Limited (ASX: ATC) (Altech or the Company) has announced that it has signed a partnership with German-based Fraunhofer Institute for Ceramic Technologies and System IKTS (Fraunhofer IKTS). Under the partnership, Fraunhofer IKTS will expedite the testing and quantification processes for Altech’s Silumina Anodes™.
Silumina Anodes™ is Altech’s silicon graphite composite product. The Silumina AnodesTM product has demonstrated a much higher energy capacity than conventional graphite anodes available on the market. The product has also demonstrated longer battery life stability, cycle ability and battery life. The Silumina Anodes™ product is now in the process of commercial development.
Caption: (Left to Right) Uwe Ahrens (Altech), Prof Alexander Michaelis (Fraunhofer IKTS) and Iggy Tan (Managing Director, Altech).
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Fraunhofer IKTS’ Expertise – Altech Chemicals
With over 30 years of expertise, Fraunhofer IKTS is Europe’s largest R&D institute dedicated to the study of ceramics. Fraunhofer IKTS develops high-performance materials, prototype components and systems, and industrial manufacturing processes for production lines and pilot-scale plants.
Fraunhofer has recently launched the Battery Innovation and Technology Centre (BITC), Arnstadt, Germany. Fraunhofer IKTS’ projects at BITC are dedicated to energy storage systems. BITC’s digitally supporting production systems allow it to quantify all criteria and standards in battery manufacturing. Fraunhofer IKTS is considered one of the leading research centres for battery materials in the world.
Altech Chemicals – Leveraging Fraunhofer IKTS’ Expertise
Under the partnership, Fraunhofer IKTS will independently test Altech’s Silumina Anodes™. This includes long-term performance testing for applications across various use cases. Fraunhofer IKTS’ extensive network of laboratories, technical centres and equipment allows it to conduct comprehensive testing.
Fraunhofer IKTS’ extensive research on batteries and its network of partners will ensure Silumina AnodesTM can undergo extensive performance tests. The results of the testing will assist the qualification process of the product, which in turn can ensure Altech meets the requirements of the industry and potential customers.
Supporting Fraunhofer IKTS’ Testing – Altech Chemicals
In Altech’s recent pre-feasibility study, the Company announced that it was well funded to complete the pilot plant in Germany. Altech will supply commercial samples to Fraunhofer IKTS for testing and qualification, and to potential downstream customers.
Altech has recently signed a contract with Küttner GmbH & Co. KG (Küttner) for engineering, procurement and construction of the Silumina Anodes™ pilot plant, to be built in Saxony, Germany. Küttner has completed the final plant engineering design and cost estimation and has commenced the procurement process. The construction of the pilot plan will begin when the equipment is procured, which is expected to be later this year.
Altech is positioned to reduce its supply chain risks by positioning the Silumina Anodes™ operation in Germany. The risks will be further reduced by sourcing graphite and silicon materials requirements from European Suppliers.
Other Company News – Altech Chemicals
- The project’s estimated internal rate of return is 40%. The project has a capital investment of USD 95 million and a net return value of USD 507 million.
- Altech has filed an international patent for Silumina Anodes™ in 156 countries (13 May 2022). The Company has also filed national patents in Australia (13 May 2021), the United States, Europe, China, Korea and Japan (13 May 2022).
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