Altech Chemicals Initiation Report by DJ Carmichael Report: Unique Opportunity in High-Tech Chemicals

26th February 2016

Altech Chemicals Ltd (ASX: ATC) is pleased announce that it has featured in an ‘initial coverage’ research report titled “Unique opportunity in high-tech chemicals” by DJ Carmichael.

Unique Opportunity in High-Tech Chemicals

Altech Chemicals Ltd (ATC. ASX) is a specialty chemicals company developing a vertically integrated High Purity Alumina (HPA) project. ATC is unique in that it uses a process to convert aluminous clay, sourced from its own quarry in Western Australia (WA), to HPA in a simple, highly cost effective process with operating costs a fraction of its larger, more established peers. ATC follow a conservative development strategy, using management’s extensive experience in building chemical plants, with the aim to be one of the world’s largest producers of HPA. HPA is being used in a growing number of high tech applications and is set to have a CAGR of 19.7% to 2021.

Key Points

HPA. What is it and what is it used for? HPA is sold as a white powder and is the base material for the manufacture of sapphire substrates, scratch proof sapphire glass and as a coating on separators used in lithium-ion batteries. Most HPA is used in the manufacture of LED’s, alumina semi-conductors and phosphor TV screens but it is experiencing a wider and growing use in smartphones and Li-ion battery applications amongst others (aerospace, medical, defence).

To read the full Initiation Report, please click here.