SunSi Energies Inc. has executed a letter of intent to purchase 90% of a joint-venture Chinese company specifically formed to own the assets, expertise and technology of an existing trichlorosilane (TCS) production facility in Zibo, China, as well as its affiliated trucking and transportation company, which delivers TCS from the production facility to existing clients within China.
The acquired company will be engaged in the production of TCS, a chemical that is primarily used in the production of polysilicon, with a current production capacity of 25,000 metric tons of TCS per year.
TCS is considered to be the first product in the solar PV value chain before polysilicon and is also the principal source of ultrapure silicon in the semiconductor industry, says SunSi Energies.
This acquisition provides SunSi with the opportunity to become the first and only U.S. publicly traded company to mainly focus its operations on the production of TCS, the company adds.
SOURCE: SunSi Energies