Alpha HPA gets finance for high-purity alumina plant

Alpha HPA has announced that it has reached contractual close with Export Finance Australia (EFA) and the Northern Australia Infrastructure Facility (NAIF), securing funding for Stage Two of its High Purity Alumina (HPA) First Project in Gladstone, Queensland.

Alpha HPA’s Managing Director Rimas Kairaitis describes the milestone as a major achievement for the company.

“The Australian Government’s support underscores confidence in our innovative technology, sustainable production processes, and our role in the global critical minerals supply chain,” he said. “This milestone consolidates the Australian Government’s funding commitment and builds further on our confidence in establishing the world’s largest, single-site high purity aluminium materials facility manufacturing the high-tech materials essential for the global energy transition.”

EFA’s Managing Director and CEO, John Hopkins said today marks a key milestone with the contractual close of Alpha HPA’s Stage Two HPA First Project.

“We’re proud to support the delivery of Australia’s first high-purity alumina processing facility in Gladstone, Queensland, reinforcing our commitment to the sector,” he said.

Alpha HPA said its proprietary processing technology offers a low-carbon, near-zero waste solution to produce high-purity aluminium materials. Compared to traditional processes, Alpha HPA’s technology results in up to 70% lower carbon emissions, while recycling nearly 100% of its reagents. The facility will also operate on 100% renewable energy, further minimising its environmental impact.

The company said these innovations place Alpha HPA at the forefront of sustainable manufacturing, supporting industries such as semiconductors, lithium-ion batteries, Direct Lithium Extraction (DLE) technology, synthetic sapphire and LED lighting.