REC Silicon plans China poly-plant

The future of REC's Silicon unit appears far more uncertain after China's announcement.

An existing REC Silicon production plant

REC Silicon has unveiled a deal that will see it establish a new polysilicon factory in China with a local partner, in a move that will defuse concerns about the steep duties the company faces in the world’s largest polysilicon market.

The deal will see REC Silicon form a joint venture with Shaanxi Non-Ferrous Tian Hong New Energy Co., which is part of a conglomerate with assets totaling more than $17bn.

REC Silicon will transfer its industry-leading fluidized-bed reactor (FBR) polysilicon-production technology to the joint venture, for which Shaanxi Non-Ferrous Tian Hong will pay it $198m.

The two companies will then use the FBR technology at a new 19,000-metric tonne polysilicon factory planned for Shaanxi province. REC Silicon will hold a 49% stake in the joint venture, with Shaanxi Non-Ferrous Tian Log in to read complete article.

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