Alpha HPA announced today that it has reached Contractual Close with Export Finance Australia (EFA) and the Northern Australia Infrastructure Facility (NAIF), securing pivotal debt funding for Stage Two of its High Purity Alumina (HPA) First Project in Gladstone, Queensland.
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 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.” 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.
Ends.
MEDIA CONTACT: Ellie Blumel – +61 (0) 448 122 948 or eblumel@alphahpa.com.au
About Export Finance Australia (EFA)
Export Finance Australia (EFA) is Australia’s export credit agency. EFA provides commercial finance for export trade and overseas infrastructure development. From small and medium sized enterprises to large corporates, foreign Governments and infrastructure projects, EFA help Australian businesses take on the world. In doing so, EFA finance supports Australia’s economic security and regional resilience.
EFA administers the Australian Government’s National Interest Account (NIA), which currently includes the Critical Minerals Facility, the Southeast Asia Investment Financing Facility, the Defence Export Facility and lending for the Australian Infrastructure Financing Facility for the Pacific (AIFFP).
About Northern Australia Infrastructure Facility (NAIF)
The Northern Australia Infrastructure Facility (NAIF) is a Commonwealth Government financier, providing concessional loans for the development of infrastructure projects in northern Australia and the Australian Indian Ocean Territories. NAIF's projects in northern Australia stimulate economic growth by attracting private investment, fostering infrastructure development and supporting various industries. These projects contribute to the region's overall economic prosperity and diversification.
