Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced that it will begin production of high-purity alumina (HPA) in the first quarter of 2013 at its plant in Cap-Chat Quebec.
As quoted in the press release:
Orbite is expected to be the only North American company producing a 5N (99.999%) purity level of alumina, which is a rapidly growing market driven by increasing demand for LED lighting and products – applications that already represent nearly half of the overall market for HPA. By 2015, LED usage is expected to account for about 60 percent of the total HPA market partially due to legislation mandating a shift from incandescent and CFL (compact florescent) to LED lighting.
Orbite Aluminae President and CEO Richard Boudreault said:
Global demand for high-purity alumina is quickly exceeding the available supply. Orbite should help address this deficit, which is critical to a range of industries, and is well positioned to be a strategic alternative to the Asian producers who’ve largely dominated and controlled the market.