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Highlights
- Altech has released highly positive definitive feasibility study (DFS) results for its 8,000tpa Silumina AnodesTM battery materials project.
- The project output has been increased from 15GWh to 120GWh.
- The estimated capital cost is €112 million with outstanding economics.
- The pre-tax NPV10 of the project is €684 million, IRR is 34% and pay back period is 2.4 years.
- Construction of the pilot plant is in last stages for product qualification.
Altech Batteries Limited (ASX: ATC, FRA: A3Y) has shared outstanding results from DFS conducted for an 8,000tpa alumina-coated metallurgical silicon plant planned for Saxony, Germany.
The plant is set to produce alumina-coated silicon battery anode materials called Silumina AnodesTM. The product is designed to address the surging demand in the grid storge battery and electric vehicle market of the US and Europe.
The study has delivered outstanding project economics. The estimated capital cost of the project is €112 million, pre-tax net present value (NPV10) is €684 million and internal rate of return is 34%, with a payback period of 2.4 years.
Annual revenue is estimated at €328 million at the full production rate of 8,00tpa.
Till 2035, CAGR growth of silicon in battery anodes is estimated at 18% to 160ktpa, driven by growing popularity of electric vehicles and shift towards silicon-rich chemistries.
ATC shares trade higher
ATC shares jumped by ~9.4% to trade at AU$0.070 apiece at the time of writing on 21 December 2023.