Hoku’s abandoned polysilicon plant in Pocatello City, Idaho is to be re-auctioned with bidding starting at US$5 million.
The plant, which was never completed, was sold to principal contractor JH Kelly for US$5.273 million. The company says it is still owed US$25 million for its work.
The sale was subsequently blocked by the bankruptcy court which said the sale had not met the terms it had previously set out. A piecemeal auction attracted bids totalling just US$4.78 million.
A live auction for the entire plant will now take place on-site at 1 Hoku Way, Pocatello on 17 December, according to documents lodged with the court.
A fair market value of US$6.25 million-US$35 million has been placed on the site.
Hoku invested more than US$600 million in the facility. The company has filed for Chapter 7 bankruptcy and owes an estimated US$1 billion.