LONDON (Thomson Financial) - Globe Specialty Metals Inc. said its
subsidiaries, Solsil Inc. and Globe Metallurgical Inc., have signed an agreement
with BP Solar International Inc. for the sale of solar grade silicon from Solsil
to BP Solar on a take or pay basis.
The company said BP Solar and Solsil will also deploy certain existing BP
Solar silicon technology at Solsil's facility and will jointly develop new
technology to enhance Solsil's proprietary upgraded solar silicon metallurgical
process.
Solsil expects to expand its capacity by building a new facility where this
technology will be deployed, and Solsil and BP Solar will both contribute
towards the costs of the technology development.
TFN.newsdesk@thomsonreuters.com
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