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Globe Specialty Metals' Solsil unit produces very-high-purity silicon for use in photovoltaic solar cells, by means of a proprietary metallurgical process. We currently supply our industry-leading solar-grade silicon to top-tier manufacturers of silicon ingots, wafers and photovoltaic cells. The solar photovoltaic industry, generating clean electricity from sunlight, is today growing at more than 30% per annum according to Photon Consulting.
Solsil was founded in 2006 to develop technology for purifying metallurgical-grade silicon to solar-grade purity levels using metallurgical methods. Since then we have invested millions of dollars in research and development in the field and we continue to strive for continuous improvement in purity and production costs. As of March 2007 our annualized production capacity was 360 metric tons of solar-grade silicon. Our production technology is scalable at lower capital costs than traditional silicon purification processes.
Globe Specialty Metals acquired 81% of Solsil, Inc. in January 2008. Globe is among the world's largest producers of metallurgical and chemical grade silicon, with more than 40 years experience in silicon manufacturing.
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