In the future, aluminium oxide for lithium-ion batteries is to be produced in the Schwarze Pumpe industrial park (Spree-Neiße district).
This was announced by the economic development agency ASG Spremberg on Friday.
The company Altech Industries wants to sign a purchase contract for an area of 13 hectares in the industrial park next week (TOMORROW !).
Altech Industries has thus exercised a purchase option for the site ahead of schedule, it added. The option would have been valid until 25 June next year, according to the statement.A pilot plant for the production of anode graphite is to be built on the site. This is used, coated with ceramics, for high-performance lithium-ion batteries. According to the announcement, a double-digit million sum will be invested in this plant alone. For the actual alumina plant, costs of another 250 million euros are estimated, and about 500 million euros for the entire planned facilities. The goal is to produce up to 4,000 tonnes of high-purity alumina. In the process, 150 jobs are to be created.
That is a very good news! In principle, this indirectly confirms that all the studies/testing for the construction of the pilot plant have been completed. IMO If that wasn't the case, we could have waited until 25 June to buy the plant. I think we will get an official announcement on this. Once again, this will probably not really drive up the share price, because the financing is still open...
DYOR and Greetings from Old Germany Greenfoxi
ATC Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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