English TranslationPosted on November 18, 2019A group of creditors and shareholders of Orbite Technology is mobilizing to avoid the dismantling of the Cap-Chat plant.These shareholders and creditors believe that external engineering expertise would assess what opportunities exist to restart operations.At the standstill since last June, the plant and Technology Orbite's assets are in the hands of trustee Pricewaterhouse, which has been mandated to find a buyer or sell the assets.So far, no offer from a buyer has been filed in court. Pricewaterhouse's controller, Christian Bourque, says, however, that he is still in discussion with a company.In 2014, Quebec announced a first investment of 10 million in the Orbite plant in Cap-Chat (archives)Photo: Radio-CanadaOn the other hand, a firm was hired to evaluate the dismantling of the plant. A liquidation plan could therefore be filed in the Superior Court on November 26.Without a buyer, shareholders and creditors will only recover a tiny portion of their investment.The last chance stageAfter asking Pricewaterhouse to stop the sale process, the shareholders come back and believe that all hope is not lost.Spokesman of the group, the businessman Lorenzo D'Alesio, shareholder for ten years, believes that an engineering report on the technology should be made before arriving at the sale of the factory for the weight of the metal.How can we come to this type of liquidation and the dismantling of the plant for so little money? Everyone will lose.Lorenzo D'Alesio, spokesperson of the group of shareholders and creditorsMr. D'Alesio still believes in the potential of the Orbite Technology process, he wants to take the last statement of management published last June on the cessation of operations at the Cap-Chat plant.Technology Orbite attributed the cessation of operations to a direct result of equipment problems and not problems with the process.High purity alumina, like what would have been produced at the Cap-Chat plant, is used to design state-of-the-art equipment such as iPhone screens. (archives)Photo: Radio-Canada / Jean-Franois DeschnesFinancial analyst and shareholder of Orbite for three to four years, Marc Gagnon believes that an independent expertise would give creditors and shareholders the chance to have a clear heart on the process.An engineering report, he says, could lead shareholders to a new round of funding to get the funds for the changes or, in the case of an unfavorable report, to throw in the towel.Orbite owes more than $ 800,000 to the Seneca engineering firm that worked on the alumina purification process. Vice President Dominique Morin is familiar with the plant.The creditor also believes that Orbite's technology could work if it were changed, including abandoning the Outotec-designed oven.The firm, which specializes in industrial process engineering and the development of pilot and demonstration plants, submitted a proposal to carry out the expert report. The idea is really to check the cost of the material, especially high purity alumina to see if we can compete with the current market, says Dominique Morin.Marc Gagnon submits that the costs of the requested study as well as the completion timeframe of four weeks are reasonable.The goal is to get a plan B and put it into action if it's viable. Marc Gagnon shareholder Thousnads of shareholders Ernest Laplante of Temi