REC ASA has entered into several long-term supply contracts with major gas distributors worth a total of NOK 5 billion (~$984 million). The contracts will see REC deliver the monosilane gas through 2014 under a pre-determined pricing agreement. REC has said that these most recent deals will account for the majority of its silane production for 2009, and a smaller but significant proportion of its capacity from 2010-2014.
The companies involved in the contracts were not named.
By Síle Mc Mahon