Correnti’s silicon, rebar mill plan collapses

Dec 16, 2011 | 04:20 PM | Suzy Waite

Tags  Alcoa, Clean Tech, John Correnti, Stanly County, David Stickler, silicon, rebar, Kevin Anton Suzy Waite

NEW YORK — John Correnti won’t be coming to Stanly County, N.C., after a plan fell through late Thursday to bring start-up Clean Tech Silicon & Bar LLC to a brownfield site owned by Alcoa Inc. in Badin.

A relicensing agreement couldn’t be reached between Alcoa, Clean Tech and the local Stanly County government, the parties involved confirmed.

"I am extremely disappointed that Alcoa, the county and the state could not resolve their relicense issues," Correnti told AMM. "We tried our best, but in this case I feel other agendas prevailed. As far as I’m concerned, this is on the back of the county and the state of North Carolina for their failure."

In order for the plants to progress, Clean Tech needs access to reliable, low-cost electricity, Correnti said. "Without an assurance of low-cost, reliable electricity, Clean Tech is unable to move forward with their $300-million investment," he added.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results