Correnti's NC silicon, rebar plant faces hurdles

Nov 22, 2011 | 04:58 PM | Suzy Waite

Tags  Clean Tech Silicon & Bar, John Correnti, David Stickler, Andy Lucas, Stanly County, Badin, North Carolina, Alcoa silicon

NEW YORK — A start-up silicon and ferrous scrap recycling company chaired by steel veteran John Correnti is aiming to bring a new silicon plant online at a brownfield site owned by Alcoa Inc. by mid-2013, but it is facing headwinds from the local Stanly County government, a company executive told AMM.

Clean Tech Silicon & Bar LLC is planning to build two facilities at the former Alcoa smelter site in Badin, N.C., including a 78,000-ton-per-year silicon plant, David Stickler, board member of Clean Tech, told AMM.

The other facility at the complex would be a ferrous scrap metal recycling facility that is expected to produce 370,000 short tons per year of steel long products, including rebar, he said. Clean Tech would invest $300 million in the project, it said.

According to Stickler, the plan for the silicon site is to bring the first submerged arc furnace online in 20 months, the second in 26 months, the third in 32 months and the fourth in 38 months. ....

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