Alpha HPA is celebrating the official groundbreaking for construction of the Stage Two HPA First project in Gladstone.
The company has secured a $400 million Australian Government debt facility and raised $180 million in equity to fund the 10ha Stage Two development.
At full scale, the facility will be capable of producing more than 10,000 tonnes of high-purity aluminium products per year, creating 120 ongoing local jobs on top of the 300 jobs during construction.
“Today marks a significant step forward for Alpha HPA, the Gladstone community and for high technology manufacturing in Australia,’’ Alpha HPA managing director Rimas Kairaitis said.
“The start of Stage Two construction at our Gladstone site not only underscores our commitment to innovation and excellence but also solidifies our position as a global leader in ultra-high-purity aluminium materials.
“We are proud to leverage our Australian-owned and developed process IP in creating a state-of-the-art facility to service high technology electronics industries, that are so important in the energy transition.
“This project is a testament to the incredible potential of homegrown technology and its ability to compete on the world stage.
“Securing extensive funding support from our shareholders and the Australian and Queensland governments has been pivotal in moving this project forward, and we are now well-positioned to progress to full-scale production.
“The economic and community benefits for Gladstone will be substantial, with long-term job creation and opportunities for local businesses.”
Alpha HPA’s proprietary process technology allows for the extraction and purification of aluminium from industrial feedstock, producing materials of exceptional purity for high-technology applications, including the semiconductor, lithium-ion battery, and LED lighting sectors.
