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Alpha HPA (ASX:A4N) signs MoU with Saint Gobain for HPA First Project

Materials
ASX:A4N      MCAP $1.027B
12 April 2021 14:50 (AEST)

Alpha HPA (A4N) has signed a memorandum of understanding (MoU) with Saint Gobain Ceramics and Plastics for its HPA First Project in Gladstone, Queensland.

A4N is currently aiming to commercialise the HPA First Project to produce around 10,000 tonnes of high purity alumina per annum.

The MoU is for the continued product evaluation, product development and potential future commercial supply of Alpha’s products to Saint Gobain.

The agreement follows Saint Gobain’s assessment of a range of Alpha’s products including various high purity aluminas and high purity boehmites.

Saint Gobain is a global manufacturing and materials business that is listed on the Paris, London, Frankfort, Zurich, Brussels and Amsterdam stock markets.

The business designs, manufactures and distributes high-performance materials and solutions for the construction, mobility, healthcare and other industrial application markets.

Rimas Kairaitis is pleased to have reached an MoU with Saint Gobain following a series of productive technical interactions across their numerous business units.

“Alpha is enthusiastic to be working closely with Saint Gobain on Alpha’s diverse spectrum of high purity aluminium products and we look forward to rapidly building on the collaboration to date and to developing a deeper commercial relationship,” he added.

On the market this afternoon, Alpha is down 0.93 per cent and trading at 53 cents per share at 1:04 pm AEST.

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