Agreements on Silicon Plant in South Iceland Signed Skip to content

Agreements on Silicon Plant in South Iceland Signed

Agreements on the construction of a silicon plant in Helguvík on Reykjanes peninsula in southwest Iceland was signed on Thursday. Construction, which is estimated to create 150 jobs in the next two years, will begin in May.

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From Reykjanes. Photo by Páll Stefánsson.

It is estimated that operations can be launched in 2013 and that the plant will create 90 long-term jobs. There will be two furnaces in the plant, which will produce approximately 50,000 tons of raw silicon per year, visir.is reports.

It had been expected that the agreements could be finalized sooner, but the signing was delayed until last week.

Investment agreements between Íslenska kísilfélagid ehf. (the Icelandic Silicon Company Ltd.), in which an American investor holds a majority stake, the Icelandic government and Reykjanesbaer municipality were signed.

Also, agreements were made between the Íslenska kísilfélagid and the local and nation power companies HS Orka and Landsvirkjun, electricity distributor Landsnet and Reykjanes harbor.

Click here to read more about the upcoming plant.

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