The Titan Group of Companies intends to construct a plant to produce 36 thousand tons of silicon per year.
The group will invest 1.5 billion rubles in the project, and 5.5 billion rubles more will be provided by the Eurasian Bank of Development over 10 years.
In late May 2017 Titan started looking for a site for the plant construction.
World silicon output totals 2.3 million tons, with China accounting for over 50%, and US and Europe – 40%. In Russia silicon is produced mostly by Rusal. (Ukrainian metal)