Feb 08 2012 |
more articles from
|
IDEA Polysilicon and Centrotherm Photovoltaic partner to develop SR 4 billion industrial complex
Largest Polysilicon and Solar Wafers manufacturing complex in Middle East
The company has also announced a tender to bid for engineering services and supervision of the project, for which the winning tender will be chosen in the coming weeks.
The project will be the largest manufacturing facility in the Middle East for the production of highly-pure polysilicon with a total capacity of up to 10,000 tons per year, of which 2500 tons will be converted to solar wafers.
Speaking at the signing ceremony, Mr. Al Ghurair outlined the background to the project, saying: "During the past four years the Company has worked with the relevant authorities to provide all the factors that will enable the project to succeed including the allocation of land for the plant, gas, provision of electricity and all other facilities necessary to operate the plant. In addition, we have conducted studies on quality standards and market requirements, as well as the choice of technology in collaboration with engineering companies worldwide."
A memorandum of understanding was also signed to supply all the raw materials required for this industrial project, which according to AlGhurair, will cost more than four billion Saudi Riyals.
The new industrial complex will contribute to the kingdom's strategic aim of diversifying its non-oil economy and developing the renewable energy sector to provide alternative sources of energy, in addition to providing 1000 local job opportunities in its various facilities.
The company also has future plans to expand into the production of solar cells and panels as well as establishing solar powerplants.
The project will form a nucleus for a solar industry cluster at the industrial city of Yanbu, which is in line with the plans of the Royal Commission and the National Industrial Clusters Development Program.
Al Ghurair expressed his sincere thanks to the Royal Commission for Jubail and Yanbu for the support given to the project, and also expressed his gratitude to the Ministry of Petroleum and Mineral Resources and Saudi Aramco for their encouragement and support for the project which will contribute positively to the Kingdom's vision to become a leader in the manufacture of clean energy.
He also expressed appreciation to the officials of the National Industrial Clusters Development Program, who from the very start have substantially contributed to the formulation of the project within the framework of its continued support for the localization of new technologies and the formation of value-added industrial clusters.
IDEA International for Investment and Development, the initiators of the IDEA Polysilicon Company, is based in Saudi Arabia and owned by a group of businessmen from the Kingdom of Saudi Arabia and GCC Countries. It has already developed and owns several major industrial projects including the IDEA soda ash and calcium chloride manufacturing plant.
-Ends-
For further information, please contact:
Saeed Al Amoudi, Senior Media Relations Executive - TRACCS
Tel: +966 2 662 5757 Fax: +966 2 639 9540
Email: saeed.alamoudi@traccs.net
© Press Release 2012
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment