An update from ABx Group Limited ( (AU:ABX) ) is now available.
ABx Group Limited has announced significant progress in its ALCORE project, with all key equipment for the Bell Bay pilot plant ordered and expected to be delivered by late 2025. The project, supported by a $7.5 million grant from the Federal Government’s Modern Manufacturing Initiative, aims to establish a pilot plant adjacent to the Bell Bay aluminium smelter in Tasmania. This facility will demonstrate a world-first process to produce industrial chemicals from aluminium smelting waste, contributing to a circular economy. The company has engaged experienced engineering consultants and is progressing with regulatory approvals, with support from the Tasmanian Government and Rio Tinto.
More about ABx Group Limited
ABx Group Limited operates in the industrial sector, focusing on the production of industrial chemicals, particularly through its subsidiary ALCORE Limited. The company is engaged in developing proprietary processes to convert waste products from aluminium smelting into valuable chemicals like hydrogen fluoride and aluminium fluoride, which are crucial for aluminium smelting and currently fully imported.
YTD Price Performance: -2.50%
Average Trading Volume: 150,755
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.51M
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