REC Silicon

The Norwegian firm mothballed its Washington State facility greater than a year ago as well as is currently reliant on semiconductor-grade poly as well as silane gas generated at its fab in Butte, Montana-- a center for which business claims it has received plenty of interest from possible buyers.

The easing of economic tensions between the US and China is set to throw a lifeline to the solar industry, bringing some respite to the sector after years of back-and-forth trade tariffs and levies.

Finnish lender Nordea has called in a NOK150 million indemnity loan thought to have been taken out by REC Silicon ASA as a result of the bankruptcy of its Norwegian wafer manufacturing arm seven years ago.

Norwegian polysilicon manufacturer REC Silicon announced last Thursday it is considering selling its silane gas facility in Butte, in the US state of Montana.

The polysilicon company draws another bad hand in the trade war.

The Norwegian polysilicon and silane gas producer has announced it will listen to offers for its production facility in Butte Montana after mothballing its other manufacturing operation – at Moses Lake, Washington – in the summer.