Alpha HPA reaches contractual close for $400 million to deliver Australia’s first large-scale high-purity alumina plant

The company has executed binding documentation for $400 million in senior debt financing which includes a $320 million construction facility, and an $80 million cost overrun facility, with competitive interest rates and an 11-year tenor from Financial Close.

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,” Mr Kairaitis said.

“This milestone consolidates the 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.” Mr Hopkins said.

Alpha HPA’s 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 percent lower carbon emissions, while recycling nearly 100 percent of its reagents. The facility will also operate on 100 percent renewable energy, further minimising its environmental impact.

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.

This milestone cements Alpha HPA’s role as a cornerstone of Australia’s critical minerals strategy and showcases the transformative potential of innovative, sustainable manufacturing in supporting the global clean energy future.