Gladstone based ALPHA HPA (ASX: A4N) has commercialised the world’s first adoption of the solvent extraction (SX) purification technique to aluminium to produce a growing range of ultra-high purity aluminium materials.
The AFR notes that shares in the company have increased by approximately 150% over the past 12 months.
The high purity aluminium oxides, hydroxides, nitrates and sulphates produced by ALPHA HPA are found in a wide range of high technology industries including LED lighting, synthetic sapphire, semiconductors, and lithium-ion battery markets. ALPHA HPA considers that their products offer market-leading purity levels, developed with a dramatically lower carbon profile.
The company has attracted significant attention from key figures in recent years, including:
ALPHA HPA announced to the ASX in July 2023 that its stage one precursor production facility (PPF), which features Alpha’s licensed solvent extraction and HPA refining technology, is already producing 99.99% pure aluminium products in commercial quantities.
Alpha HPA plans to start the second stage of development for the plant. When Stage 2 is complete, it is envisioned that the technology will enable extraction and purification of aluminium from an industrial feedstock to produce 4N (>99.99% purity) alumina and 5N (>99.999% purity) aluminium salts for sale into high technology markets for products including LED lighting, lithium-ion batteries for electric vehicles, semiconductors, and consumer electronics.
ALPHA HPA announced to the ASX in June 2023 that the company received a $1.6M Refundable R&D Tax Offset for the FY22 period.