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(Arabian Oil and Gas) --
Polysilicon Technology Company (PTC) of Saudi Arabia announced recently that it
has signed a USD 378 mln Lump Sum Turn Key Engineering, Procurement and
Construction (LSTK EPC) contract for Phase 1 of its Polysilicon Plant with
Hyundai Engineering Company and KCC Engineering and Construction
Corporation.
The plant will be located in Al Jubail Industrial City 2, Saudi Arabia,
and will have an initial production capacity of 3.350 metric tonnes of Solar
Grade Polysilicon. PTC has selected the most innovative and competitive
technology allowing it to produce high purity polysilicon (+ 9ns). Polysilicon
is the main raw material used in the solar industry which is then converted into
ingot, wafers and then into solar cells that are put into panels in order to
generate electricity from the sun.
Polysilicon Technology Company is a 50:50 JV between Mutajadedah Energy
Company (MEC) of Saudi Arabia and KCC Corporation of Korea (KCC). KCC is a
construction and fine chemicals company and a global producer of polysilicon.
MEC is a local Saudi Company owned by Swicorp Joussour Company (SJC) and
Chemical Development Company (CDC) incorporated to invest across the solar
energy value chain in Saudi Arabia.
mrcplast.com
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