Bravely facing the global economic situation, Evonik Industries AG has announced its plans to gather a significant investment to cover the cost of its new monosilane and AEROSIL facility in Yokkaichi, Japan, around 400 kilometres south of Tokyo. Evonik has teamed up with its Japanese partner Taiyo Nippon Sanso Corporation (TNSC), and together the companies are working on accumulating an investment of around €125 million.
Construction on the planned integrated production facility for monosilane and AEROSIL will begin in late 2009, with start-up scheduled for 2011. Evonik has a long-term agreement to supply monosilane to TNSC, a distributor of industrial and specialty gases.
The development will enable the company to move into the production of electronic-grade monosilane for thin-layer photovoltaics, flat screens and semiconductors. The new facility complements the company’s existing polycrystalline solar silicon plant at a joint venture in Rheinfelden, Germany.
“The planned new facility strengthens our market and technological leadership in the future-oriented solar power market. Evonik is an innovation driver on the photovoltaic market. We have the biggest and most diversified silicon chemistry network, so we can utilize attractive opportunities in the high-growth photovoltaic sector and, for the first time, in the electronics industry,” said Dr. Klaus Engel, Chairman of the Executive Board of Evonik Industries AG.