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- Alpha HPA (A4N) signs definitive agreements with Orica Australia for the HPA First Project in Gladstone, Queensland
- The deal involves the supply and offtake of by-products to and from Alpha’s First Project and Orica’s Yarwun manufacturing facility
- The agreements have a 10-year term, with an option to extend for a further 10 years
- Alpha HPA believes it’s well-positioned to establish a world-class production centre for ultra-high purity aluminium products
- On the market this afternoon, Alpha is down 3.13 per cent, trading at 46.5 cents per share
Alpha HPA (A4N) has signed definitive agreements with Orica Australia for the HPA First Project in Gladstone, Queensland.
The partnership involves the supply and offtake of by-products to and from Alpha’s First Project and Orica’s Yarwun manufacturing facility.
The agreements comprise a supply and offtake deal and a project implementation agreement which describes the capital investment obligations and the scope for commissioning, reagent and by-product validation trials.
Alpha says that the newly signed agreements secure the commitment by both parties to leverage the process synergies to unlock the value from both of their projects.
The agreements have an initial 10-year term, with an option to extend for a further 10 years.
Alpha’s Managing Director, Rimas Kairaitis, was pleased to have signed the agreements.
“The agreements secure the reagent supply and by-product offtake for the HPA First Project and sets the project firmly on the path to commericalisation. These agreements represent a mutually benefiical, long-term commitment between our businesses,” Mr Kairaitis said.
“Over the last 18 months, Orica’s engineering and commercial teams have worked diligently with the Alpha team across of range of detailed engineering, technical and commercial considerations.”
Overall, this positions Alpha well to establish a world-class production centre for ultra-high purity aluminium products.
On the market this afternoon, Alpha was down 3.13 per cent, trading at 46.5 cents per share at 1:37 pm AEST.
