Advertisement

This site uses cookies to enhance your user experience. By continuing to use this site you are agreeing to our COOKIE POLICY.

ACCEPT AND CLOSE

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

The key to knowledge is in your (nitrile-gloved) hands

Already an ACS Member?  

Basic

$0 Community Associate

ACS’s Basic Package keeps you connected with C&EN and ACS.

  • Access to 6 digital C&EN articles per month on cen.acs.org
  • Weekly delivery of the C&EN Essential newsletter
JOIN NOW
Standard

$80 Regular Members & Society Affiliates

ACS’s Standard Package lets you stay up to date with C&EN, stay active in ACS, and save.

Eligibility restrictions apply. Review ACS Membership Packages to see if you qualify.

JOIN NOW
Premium

$160 Regular Members & Society Affiliates
$55 Graduate Students
$25 Undergraduate Students

ACS’s Premium Package gives you full access to C&EN and everything the ACS Community has to offer.

  • Unlimited access to C&EN’s daily news coverage on cen.acs.org
  • Weekly delivery of the C&EN Magazine in print or digital format
  • Access to our Chemistry News by C&EN mobile app
  • Significant discounts on registration for most ACS-sponsored meetings
ACS offers discounts for some countries outside the United States. This discount is shown at checkout, if applicable.

JOIN NOW

Thank you!

Your account has been created successfully, and a confirmation email is on the way.

Your username is now your ACS ID.

ENJOY UNLIMITED ACCES TO C&EN

Solar Power

Investor says Hanwha’s stake in REC is a conflict of interest

by Matt Blois
October 15, 2022 | A version of this story appeared in Volume 100, Issue 37
Advertisement

Most Popular in Energy

 

A person standing in front of a chemical plant.
Credit: REC Silicon
REC Silicon is one of just three polysilicon producers in the US.

Lodbrok Capital, which owns nearly 20% of REC Silicon, says it’s concerned that REC is negotiating a contract to sell all the polysilicon made at its Washington plant to REC’s largest shareholder, Hanwha Solutions, which will use polysilicon to make solar panels. Lodbrok says Hanwha’s ownership stake creates a conflict of interest for the firm. Hanwha increased its stake in REC to roughly 21% in March. In May, two Hanwha executives were elected to REC’s board of directors and now represent a majority. The board recently replaced REC’s CEO and chief financial officer.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

You might also like...

Hanwha will buy polysilicon from REC Silicon
India’s Reliance pushes into solar energy
DuPont exits polysilicon business with sale of Hemlock stake

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.
GET MORE
GET MORE