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NorSun to start Saudi Arabia JV polysilicon plant project
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NorSun has formed a Joint Venture with Saudi Arabian
companies Swicorp-Joussour (Swicorp) and Chemical Development Company
(CDC) to build and operate a new polysilicon plant with an initial
capacity equivalent to 500MW per year. The plant will be established in
the industrial city of Jubail in Saudi Arabia.
NorSun will initially own 50 percent of the shareholding in the company, while Swicorp and CDC will have a 25 percent stake each.
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