Hoku Materials’ never-used polysilicon plant in Idaho will go up for sale next week.
Heritage Global Partners will offer the assets in bulk or piecemeal. The lease for the property is also for sale.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The buyer will have to negotiate an arrangement with the city of Pocatello regarding the ongoing use of the site, otherwise the plant must be dismantled and removed.
The sale includes distillation towers, transformers and storage tanks still in their plastic wrapping as well as fire extinguishers, fork lift trucks, office furniture and the builders’ break room refrigerator.
Hoku invested around US$600 million in the facility before plummeting polysilicon prices meant it was unable to pay contractors. Work stopped in May 2012.
In July 2013 its parent company Hoku Corp filed for Chapter 7 bankruptcy with estimated debts of US$1 billion.