New York-based Sunsi Energies is looking into a different avenue to get onboard the solar energy sector. The company is involved in acquiring, developing, and operating a range of trichlorosilane (TCS) that is the key ingredient in the production of pure polysilicon – a substance used to manufacture approximately 75% of all solar panels worldwide.
“SunSi has embarked on a campaign to acquire a range of China-based TCS production and distribution facilities, with a goal of controlling 140,000 metric tons of TCS annually by the end of calendar 2012,” says David Natan, SunSi’s CEO. “We estimate that this will equate to a 20-25% market share in China. In light of the anticipated future growth of the solar energy industry within China and worldwide, combined with the fact that TCS is used in approximately 75% of solar cell production globally, we expect to occupy an extremely advantageous position within the solar PV value chain.”
Currently, the company produces a total of approximately 45,000 metric tons of TCS at its Baokai and Wendeng facilities.
SunSi currently owns 100% of a Hong-Kong-based company, SunSi Energies Hong Kong Inc., which will be one of the entities through which SunSi will acquire Chinese TCS facilities; it also holds majority control over one production facility and one distribution facility, with another production facility acquisition projected for 2012.
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