- Press Releases
May 11 (Renewables Now) - Norway-based polysilicon and silicon gas supplier REC Silicon ASA (STO:RECO) is confident it will restart its Moses Lake plant in Washington in 2023, CEO Tore Torvund commented on Tuesday as the company reported its first-quarter (Q1) results.
REC Silicon shut down the fluidised bed reactor (FBR) polysilicon facility in Moses Lake in May 2019 because of the impacts of Chinese tariffs on US-made polysilicon, uncertain market conditions and reduced demand for the company’s solar grade polysilicon.
On Tuesday, chief executive Torvund stated that while the photovoltaic (PV) polysilicon market has strengthened over the last months, the company is still unable to supply it because of the trade dispute with China.
“However, plans to develop an ‘ultra-low-carbon footprint’ PV value chain continue in collaboration with other solar companies and the US Government. REC Silicon is also in negotiations with several 'Silicon Anode' companies concerning silane supply contracts from our Moses Lake facility,” Torvund said.
According to the CEO, the potential restarting of the plant in 2023 will be supported by probable demand from both the PV and the Silicon Anode market. The final decision on the matter will be made before the end of the year.
In January-March 2021, REC Silicon reported a net loss of USD 8.6 million (EUR 7m) compared to a deficit of USD 10.5 million a year back. Revenues rose to USD 28.1 million from USD 24.7 million, including only USD 0.1 million from the Solar Materials segment that were the result of sales from the remaining granular polysilicon inventories.
(USD 1.0 = EUR 0.822)