SunSi Energies Inc. has executed a definitive agreement to purchase a trichlorosilane (TCS) facility, Wendeng He Xie Silicon Co. Ltd., located in Weihai City, China.
TCS is a chemical compound used in 90% of all solar cells and modules worldwide, SunSi Energy says. The Wendeng facility was built in 2008 and currently has a capacity of 20,000 metric tons (MT) of TCS.
Under the terms of the agreement, SunSi will acquire a 60% equity interest in Wendeng and, subsequent to consummation of the acquisition, expects to increase Wendeng's capacity to a total of 60,000 MT by 2011.
Additionally, the current executive management team of Wendeng will provide its technical expertise for the construction, training and operation of the facility and its expansion. All of the management and employees will stay in place.
SOURCE: SunSi Energies