Chemical company Alcore has been announced as the recipient of $7.5 million funding under Round 2 of the Integration and Translation Streams of the Federal Liberal Government’s Modern Manufacturing Initiative.
Liberal Member for Bass, Bridget Archer said the funding would enable Alcore to unlock new manufacturing opportunities, boost production and create jobs.
“This significant $7.5 million investment will equip Alcore with the technology required to produce aluminium fluoride, making it the first Australian company to manufacture the chemical,” said Liberal Member for Bass, Bridget Archer.
“I want companies that make specialised industrial products like Alcore to have the confidence they need to innovate and expand their manufacturing capabilities here in Tasmania. This investment forms part of my plan for Bass to increase Tasmanian industrial production and create more jobs.
“Funding will enable Alcore to build capacity and recycle more than 1,600 tonnes of aluminium smelter waste per year into valuable chemicals, including aluminium fluoride, which is used in aluminium smelting.
“Australian aluminium smelters currently rely on imported aluminium fluoride for the smelting process, and our investment means Alcore will become the first aluminium fluoride producer in Australia.
“Our investment is supporting this innovative project to enhance Australia’s sovereign manufacturing capacity.
“The Liberal Government is building a strong economy for a stronger future, and we are backing businesses like Alcore to boost Tasmania’s manufacturing capabilities.”