Orica today announced the expansion of its strategic relationship with Alpha HPA Limited (‘Alpha HPA’), including acquiring a 5% equity interest and establishing a non-binding Memorandum of Understanding (‘MoU’) to investigate the feasibility of establishing a new high-purity aluminium manufacturing facility in North America. 

 

Commenting on its deepening partnership and equity investment in Alpha HPA, Orica Managing Director and Chief Executive Officer Sanjeev Gandhi said, “Building on our successful partnership with Alpha HPA in Australia, we are thrilled to further expand our relationship and explore opportunities for growth and circularity in North America. The Alpha HPA First project in Queensland has demonstrated how industrial partnerships can optimise resource use, simultaneously creating value and reducing waste.” 

 

“Orica’s strategic investment in Alpha HPA reinforces our desire to grow our exposure in future-facing industries, including eMobility, while leveraging our strong global manufacturing asset base and supporting the broader transition to a lower-carbon future, together.” 

 

Commenting on the Company’s expanding relationship with Orica, Managing Director, Rimas Kairaitis said, “We are delighted to now be taking our partnership with Orica to the next level.  Having established a strong working relationship in developing our HPA First Project, the mutual ambition to expand our relationship into North America and establish Orica as a strategic shareholder in our Company is a welcome progression of our relationship.  Importantly, we see these initiatives as a strong endorsement of the ongoing development of our business.   

 

“Orica has a detailed understanding of our process technology, the advanced nature of our marketing activities, and a strong appreciation of our commitment to building a sustainable business to help decarbonise critical future-facing industries. We welcome Orica as a new shareholder in our Company and look forward to taking this exciting next step in our development together.”