Altech Chemicals Limited’s Outstanding Preliminary Feasibility Study for Patented Silumina Anodes™
Altech Chemicals Ltd (‘Altech Chemicals’ and ‘Company’) recently announced its preliminary feasibility study (PFS) for the Silumina AnodesTM battery anode materials project with outstanding financials, including a pre-tax net present value of USD507 million.
Altech Chemicals is a specialty EV battery materials technology company headquartered in Australia. The Company owns an extensive and high-technology research and development laboratory supporting the battery technology. Altech Chemicals recently cracked the silicon code and developed a battery that had 30% higher energy retention than conventional Li-ion batteries. The battery also included improved cyclability and battery life.
Announcement of Silumina Anodes™
Altech Chemicals’ patented battery materials product is Silumina Anodes™. The product, a battery anode, is expected to provide a lithium-ion battery with a higher energy retention capacity by volume and weight compared to the graphite anodes currently used in the market.
The Company has undertaken extensive research and development in the Perth laboratory on high purity alumina coating technology for both silicon and graphite particles. These particles are typically used as anodes in lithium-ion batteries, which are found in all rechargeable devices, including mobile phones, toy cars, electric vehicles, solar batteries, and so forth.
Altech’s team undertook one year of work to crack the “silicon barrier,” resulting in an anode with higher battery energy retention capacity. While this breakthrough was announced in November 2021, the feasibility tests of the product were announced in APRIL 2022.
Feasibility test results for Silumina Anodes™
The highlights of the PFS are as follows:
- Silumina Anodes™ material would be a premium product compared to the graphite material currently used. The material is expected to act as a proxy for graphite. The global demand for graphite material is expected to grow at 18% and 1.7 million tonnes per annum.
GLOBAL DEMAND FOR BATTERIES PREDICTION
- The breakthrough with Silumina Anodes™ is in line with the recent public statement of Tesla. The electric vehicle manufacturing giant said that they aim to increase the amount of silicon in their battery to improve energy density and life. Altech’s Silumina AnodesTM higher battery performance is in line with Tesla’s statement, and introduces the change in battery technology that Tesla is looking for.
