Alpha HPA Limited has announced the company has signed a Memorandum of Understanding (MoU) with CleanCo Queensland Limited (‘CleanCo’) with the aim of working towards negotiating a Renewable Energy Supply Agreement (‘REA’) for the HPA First Project.
The Company’s HPA First Project ‘represents the evaluation and intended commercialisation of the production of ~10,000tpa equivalent of high purity alumina (HPA) and related products using the Alpha’s proprietary licensed solvent extraction and HPA refining technology,’ asx statement.
Alpha’s Chief Operations Officer, Rob Williamson, said “Alpha is committed to delivering a project that delivers products and materials that are vital for decarbonisation and to do so with the lowest possible environmental impact. Alpha is delighted to be working with CleanCo on this Project and looks forward to completing a successful REA.”
According the statement, the ‘technology provides for the extraction and purification of aluminium from an industrial feedstock to produce 4N (>99.99% purity) alumina for the intended use within the lithium-ion battery and LED lighting industry. Alpha HPA completed Definitive Feasibility Study (DFS) in March 2020 following a successful pilot plant campaign in 2019. Alpha has since upscaled it’s Brisbane facility to demonstration scale and has now recorded over 2,000 operating hours delivering an expanded range of high purity product to over 35 end-users globally.’
The Company is reportedly in the ‘mature phases of project permitting, market outreach and project financing processes, with the expectation of positioning the HPA First Project to Final investment Decision’.
CleanCo CEO Dr Maia Schweizer said, “CleanCo is committed to leveraging our unique portfolio of energy generating assets to provide reliable, competitive low-emissions energy to our commercial and industrial customers and we look forward to working with Alpha to fuel their clean energy ambitions.”
Under the MoU announced, ‘Alpha and CleanCo will consider a range of potential supply agreements underpinned by low-emission and renewable power generation from CleanCo’s existing generation portfolio, as well as renewable projects under construction, which have capacity to supply the HPA First Project with 100% of its electricity demand backed by renewable energy.’ asx statement.