Ferroglobe PLC, a leading producer of silicon metal, silicon-based alloys and manganese-based specialty alloys, announced that its subsidiary, Globe Metallurgical Inc. (GMI), is considering plans to restart its silicon metal facility in Selma.
GMI said it is working with Alabama and local representatives on the plans. The company is seeking new market tax credits for the project, which would help offset commissioning costs and enable it to acquire and upgrade equipment to begin production of silicon metal.
The two-furnace operation in Selma has a combined annual capacity of 22,000 tons of silicon metal, which is used in production of silicon wafers for photovoltaic solar cells and electronic semiconductors. It’s also used to strengthen aluminum and as a raw material in a growing number of industrial and consumer products.
GMI’s plans call for restarting one furnace at the Dallas County facility in December, with hopes of restarting the second furnace by March 2022.
A full restart would generate about 100 local new hires and 150 indirect local suppliers.
CEO Marco Levi said London-based Ferroglobe is one of the few silicon metal producers with meaningful idled capacity that can be restarted globally. The company has permanently shuttered a facility in New York as it pursues a strategic turnaround plan.
“In light of favorable market conditions in North America heading into 2022, the Selma facility will be an important asset in our U.S. silicon platform going forward,” Levi...
Read Full Story: https://alabamanewscenter.com/2021/10/03/uk-based-ferroglobe-eyes-restart-plan-for-silicon-metal-facility-in-selma/
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