WEDNESDAY 23 FEBRUARY, 2011 |
Samsung Inks Solar Polysilicon Agreement With MEMC
Samsung Fine Chemicals (SFC) and MEMC Electronic Materials, Inc. have announced
a deal to produce high purity polysilicon for use in products such as solar panels.
The partnership will build and operate a new facility on an existing SFC property in
Ulsan, Korea; with an initial capacity of 10,000 metric tonnes of polysilicon
"This joint venture signals SFC's entry into the fast moving renewable energy market and establishes a new engine for long-term
growth." commented Hyun-min Hong; Samsung Fine Chemicals' Executive Director
of Strategic Planning.
A statement from MEMC says the arrangement minimises
business risk by ensuring competitiveness in both cost and quality through the
combined forces of SFC and MEMC's advanced processing and technology
Samsung Fine Chemicals
is the chemical-focused subsidiary of Samsung Group and a producer of electronics
related materials. SFC is expanding and reinforcing its operations by moving
into environmental friendly products and renewable energy materials.
While probably best known for other high quality electronics, various arms of
Samsung have been heavily involved in solar power research and development for
nearly three decades - and the company looks set to become a powerful player in
the solar module manufacturing sector.
Last year, Samsung announced over five billion dollars in investments in solar
products by the end of this decade and a range of high quality Samsung
are already available in some markets. Samsung says its
proprietary solar cell technology offers high power output and low degradation.
has been working in the field of design and development of silicon wafer
and solar energy technologies for 50 years and is also a developer of solar power projects,
through its SunEdison subsidiary.
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