High Purity Quartz is a true 21st century material. It is available as 35 ppm total impurities and a 10 ppm total impurities product. High Purity Quartz is a key raw material used in the semi-conductor, solar, lighting and optical industries. It is essentially a very pure version of quartz, defined as having at least 99.995% SiO2 content. It is used in quartz crucibles for electronic and semiconductor applications. The basic material for electronic, optical, lighting and solar (PV) industries. It is used in solar elements, semiconductors, optical fibers, lenses, crucibles, telecommunications. It is a necessary element for the production of any modern gadget — for example, mobile phones.
Quartz, also known as silicon dioxide or silica, SiO2, is one of earth’s most abundant minerals and occurs in many different geological settings. It is best-known for its use in glass manufacturing, but also has uses across a variety of industries requiring differing levels of SiO2 content.
Unlike other industrial mineral markets, there is limited competition in the global HPQ industry with two producers handling more than 80% of global production. It is very difficult to obtain high purity quartz using standard technology. This means that prices remain fairly steady. There is a shortage/unavailability of really pure HPQ in the market and increasing demand. Many small companies can’t get stable supplies of ultra-pure HPQ from the two big producers so they need to purchase the product at a spot market which is expensive, or purchase a product of lower purity than they would like.
A team of finance professionals and chemical and industrial engineers have teamed up to launch the first industrial commodity-backed ICO in South-East Asia. The team is raising USD1.65 million to introduce a novel and environmentally-friendly approach to produce high purity quartz (HPQ) from Vietnamese sand.
The jurisdiction of the ICO is Singapore. For the time being, Singapore is one of the most ICO-friendly countries. After the ICO, the Singaporean company will use the total amount raised to build a factory in Ho Chi Minh City, Vietnam. It will be the 1st high purity quartz production facility in Vietnam, and one of the most novel HPQ production lines in the world.
The HPQ token is being launched at USD2 with the company promising to buy back the token at a price of USD4 in 18 months’ time. Alternatively, what could be more interesting for investors is the possibility of redeeming the token from month 13 for 1kg of high purity quartz. At current market prices, this could provide investors a return in excess of 2x, and potentially as much as 5x. The fact that each token is guaranteed by a physical commodity is what makes this ICO such an exciting and lower risk prospect for investors.
This company technology is a novel approach to produce high purity quartz at a much lower cost than any other producer. Instead of the classic method of quartz purifying (taking out the impurities step by step), this “pull” only the needed element, SiO2, out of the raw quartz-containing material which can be quartz sand of any purity. Unlike other industrial mineral markets, there is limited competition in the global HPQ industry with two producers handling more than 80% of global production, mainly sourcing their raw material from one location in Spruce Pine, USA. For most buyers there is simply not enough availability of ultra pure and high purity quartz. If there is any product available, then it is only affordable to big buyers such as Samsung.
In the next several years, the team have plans to expand production to 30,000 tonnes per annum, grow revenue beyond USD$100 million, and continue R&D in order to expand into other industrial technologies.
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