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Altech Chemicals Ltd (ASX:ATC) Video Interview with Managing Director

Perth, Australia, June 11, 2020 - (ABN Newswire) - Altech Chemicals Limited (ASX:ATC.AX - News) (HAM:A3Y.F - News) is pleased to announce that a video interview with managing director Iggy Tan, by The Market Herald has been posted on the Company web site:

https://www.altechchemicals.com

The interview is located in the "Altech in the Media" section of the site.

Mr Tan provides an update on the most recent developments for the Company, including the Green accreditation of Altech's HPA project and the Green Bond market, research work by the Fraunhofer-Gesellschaft research organisation in Germany on sodium leaching from lower quality alumina, and funding activities during the period of the COVID-19 pandemic.


About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC.AX - News) (FRA:A3Y.F - News) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.

Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.

Contact:

Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com

Source:

Altech Chemicals Ltd

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