Correnti's NC silicon, rebar plant faces hurdles
Nov 22, 2011 | 04:58 PM
| Suzy Waite
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. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.