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New State of the art Silicon Metal factory

One of the world's most advanced silicon metal production plants is being built in Northeast Iceland by international PCC group. The plant will be powered exclusively by energy from renewable resources, mainly geothermal, and utilising energy-efficient technologies.

One of the world's most advanced silicon metal production plants is being built in Northeast Iceland by international PCC group. The plant will be powered exclusively by energy from renewable resources, mainly geothermal, and utilising energy-efficient technologies.
 
Waldemar Preussner, Chairman of the Administrative Board of PCC SE, opened the new industrial site at Bakki, near Húsavík, and said Iceland was the ideal location for this facility: “The site, the people, the project – they all fit beautifully together. Electricity in Iceland is generated from renewable sources, which means we can calculate our input power prices for the next 15 years.”
 
Iceland’s Prime Minister Sigmundur Davíð Gunnlaugsson and Minister for Trade and Industry Ragnheiður Elín Árnadóttir, attended the ceremony on 17 September. Silicon smelting is scheduled to begin in 2018. Once completed, the production plant will be capable of producing over 32,000 metric tons of high-purity silicon metal per year, sold to a large extent via long-term purchase agreements. 
 
Silicon metal is used in a wide range of different fields, from aluminium production, electrical engineering and electronics sectors to solar energy.

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For further information on the benefits of establishing a business in Iceland please feel free to contact us.

Incentives

Iceland focuses on a favorable business environment, including low corporate tax, availability of land and green energy at competitive prices and efficiency within European legislative framework. New direct investment projects can apply for an investment agreement, ensuring generous regional incentives, including a corporate tax rate ceiling of only 15%.

Why Iceland

Along with having one of the lowest corporate tax rate in Europe, Iceland has a highly educated workforce which is ranked among the highest in the world, offers competitively priced renewable energy with an advanced infrastructure making Iceland an ideal location for investors