Correnti’s silicon, rebar mill plan collapses
Dec 16, 2011 | 04:20 PM
| Suzy Waite
NEW YORK John Correnti wont 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 couldnt 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 Im 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.....
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