German chemical company Wacker Chemie is investing in a new $1 billion plant in Cleveland, Tennessee. Local officials say the deal will bring at least 500 jobs.
Gov. Phil Bredesen says Thursday that the deal with the Munich, Germany-based company will bolster Tennessee’s status in the field of clean energy technology. Wacker is among the world’s largest producers of polysilicon, a material used to make electronics and solar panels.
Bradley County commissioners approved a $50 million incentives package in December for what they described as an international manufacturer that would create at least 500 jobs.
Must be a great needed product?
Aug 26, 2008 04:30 AM
Tyler Hamilton
Energy Reporter
After a 17-month search that spanned 16 countries and more than 100 possible locations, Renewable Energy Corp. of Norway has picked the small Quebec community of Bécancour as the home of a new $1.2-billion solar materials plant.
It’s a huge win for Quebec, which will see 1,000 jobs created during the construction phase of the plant, and about 300 permanent “green collar” jobs. The plant will manufacture polysilicon used to make solar cells and semiconductors.
Becancour is actually a good example of the use of abundant, relatively cheap energy to attract industry.