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REC ASA - Secures a NOK 2.9 billion silicon powder contract.
(From Hugin)
Sandvika, October 20, 2008. REC has entered into a long-term take-or-pay agreement for the supply of fine particulate silicon - or "silicon powder" - from the FBR-process. The contract has a value in excess of USD 500 million (~NOK 2.9 billion).
REC has entered into a long-term take-or-pay agreement with a PV-company based in Asia for the supply of fine particulate silicon from the FBR-process, so-called "silicon powder". Silicon powder has traditionally had low or negative value, due to storage and land-filling requirements. REC has developed technology to capture and package these fine silicon materials, which opens valuable commercial …
