Latest news with #polysilicon
Globe and Mail
2 days ago
- Business
- Globe and Mail
T1 Energy Strategy Supported by Section 232 Polysilicon and AD/CVD Investigations
AUSTIN, Texas and NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) ('T1,' 'T1 Energy,' or the 'Company') supports the recent announcement that the U.S. Secretary of Commerce will initiate an investigation under Section 232 of the Trade Expansion Act of 1962 into the use of foreign-sourced polysilicon and polysilicon derivatives. T1 Energy's contract to purchase hyper-pure American polysilicon would likely be advantaged by any potential tariffs or import restrictions that result from this case. T1 Energy also believes the Section 232 investigation will result in strengthening U.S. energy security and boosting American advanced manufacturing. In alignment with its strategy to build a domestic solar supply chain, T1 also plans to file in support of tariffs under the recently filed Solar 4 anti-dumping and countervailing duty case ('AD/CVD') covering certain imports from Indonesia, Laos and India. T1 expects to benefit from potential tariffs under this case, which will support the Company's efforts to build a vertically integrated supply chain including the G2_Austin solar cell manufacturing facility. As a Texas-based, NYSE listed, U.S. solar manufacturing leader, T1 has and will continue to actively advocate for strong trade policy, enforcement and remedies that promote the strategic development of the U.S. solar value chain. T1 believes these two trade actions are consistent with the Trump Administration's efforts to safeguard and prioritize American manufacturing. 'It is time to bring back American manufacturing. We're doing that at T1 Energy. The Commerce Department's 232 polysilicon investigation and the Solar 4 AD/CVD case should strengthen our efforts to build an American advanced manufacturing champion. We believe these cases will put the wind at our back and provide the right policy environment to execute our business plan,' said Daniel Barcelo, T1's Chairman of the Board and Chief Executive Officer. T1 Energy plans to develop a domestic solar supply chain are ongoing. They include the operational 5 GW G1_Dallas solar module facility and its current contract to source domestic polysilicon, as well as its planned G2_Austin solar cell facility. T1 Energy plans to actively participate in the development of a federal trade policy that supports the expansion of U.S. energy and advanced manufacturing. About T1 Energy T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe. To learn more about T1, please visit and follow us on social media. Investor contact: Jeffrey Spittel EVP, Investor Relations and Corporate Development Tel: +1 409 599-5706 T1 Media contact: Russell Gold EVP, Strategic Communications Tel: +1 214 616 9715 Cautionary Statement Concerning Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: potential advantages of the Company's existing polysilicon supply contract related to tariffs or import restrictions resulting from the Section 232 polysilicon investigation; the Company's belief that the Commerce Department's Section 232 investigation will result in strengthening U.S. energy security and boosting American advanced manufacturing; the Company's strategy to build a domestic solar supply chain; the Company's plans to file in support of tariffs under the recently filed Solar 4 anti-dumping and countervailing duty case covering certain imports from Indonesia, Laos and India; the expectation that the Company will benefit from potential tariffs under the 232 case, which will support its efforts to build a vertically integrated supply chain including the planned G2_Austin solar cell manufacturing facility; the Company's efforts to advocate for strong trade policy, enforcement and remedies that promote the strategic development of the U.S. solar value chain; the Company's belief that these two trade actions are consistent with the Trump Administration's efforts to safeguard and prioritize American manufacturing; the Company's belief that the Commerce Department's 232 polysilicon investigation and the Solar 4 AD/CVD case will provide the right policy environment to execute its business plan; and the Company's plans to actively participate in the development of a federal trade policy that supports the expansion of U.S. energy and advanced manufacturing. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company's expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption 'Risk Factors' in (i) T1's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the 'SEC') on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025; (ii) T1's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed on May 15, 2025; (iii) T1's Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024; and (iv) T1's Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC's website at Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law. T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1's website in the 'Investor Relations' section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1's website and social media channels on a regular basis, in addition to following T1's press releases, SEC filings, and public conference calls and webcasts. The contents of T1's website and its and Daniel Barcelo's social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Zawya
2 days ago
- Business
- Zawya
Oman eyes strategic share of global polysilicon market
MUSCAT: With the Sultanate of Oman just months away from commissioning its $1.6 billion polysilicon production facility in SOHAR Port and Freezone, Oman is set to rank second only to China as one of the world's largest producers of this strategic commodity — central to the global solar photovoltaic (PV) manufacturing industry. United Solar Polysilicon, slated for launch before the end of this year, will be the first polysilicon project in the Middle East. Once fully operational, the plant — designed with an annual production capacity of 100,000 tonnes — will position Oman as the second-largest producer globally, with an estimated 4.4 per cent share of worldwide capacity. 'The project aims to position Oman as a key player in the global photovoltaic (PV) manufacturing supply chain, reducing dependency on China-based production,' said the Oman Investment Authority (OIA), which has invested $156 million in the venture through Future Fund Oman (FFO), a platform that supports investments in strategic sectors of the Omani economy. China remains a polysilicon manufacturing powerhouse, accounting for around 93 per cent (equivalent to 2 million tonnes per year) of the world's total production capacity of 2.1 million tonnes. A distant second is Germany, with a 2.9-per cent share (65,000 tonnes), followed by the United States and Malaysia, each with 1.5 per cent (34,000 tonnes). In value terms, the global market was estimated at $34.3 billion as of end-2023. According to OIA, the decision to site the polysilicon project in Oman was based on several competitive advantages, foremost among them government support. 'A national negotiation team streamlined discussions, ensuring a smooth process for securing leases, utilities and incentives,' noted Oxford Business Group in an Impact Report on Future Fund Oman. Other factors influencing the investment decision included: Competitive electricity prices, crucial for maintaining profit margins; Proximity to SOHAR Port and Freezone, enabling efficient import of raw materials and export of finished products; Access to the US market via the Oman–US Free Trade Agreement (FTA), allowing tariff-free exports; and a favourable regulatory environment. In addition, the project grants Oman a strategic entry into the global solar renewables supply chain. Detailing the production process, the Impact Report explained: 'The solar PV manufacturing process begins with the production of high-purity polysilicon, which is then melted and shaped into cylindrical ingots. 'These ingots are sliced into thin wafers, forming the base for solar cells. The cells undergo various treatments to enhance their efficiency in converting sunlight into electricity. 'Finally, the cells are assembled into modules (solar panels) ready for installation in energy systems. This process is critical to the growth of renewable energy infrastructure worldwide.' Currently, around 4,000 contractual construction workers are engaged in building the sprawling complex, which spans 160,000 m² within the SOHAR Port and Freezone. During the operational phase, the plant will employ 1,000 to 2,000 staff, with Omanisation targeted at 70 per cent by 2030 through a combination of training and technology transfer programmes. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
South China Morning Post
15-07-2025
- Business
- South China Morning Post
Double-edged sword: US probe into China's drone dominance is a risk, analysts say
The United States has launched investigations into imports of drones and polysilicon – two sectors where China holds a global lead – in a move that could pave the way for tariffs and give Washington leverage in trade negotiations between the world's two largest economies, analysts said. The US Bureau of Industry and Security released a document on Monday, seeking public comments as it moves forward with the investigation, which began on July 1 under 'Section 232' of the Trade Expansion Act. 'Interested parties are invited to submit written comments, data, analyses or other information pertinent to the investigation,' the notice's authors said. While the investigation does not explicitly name China, it will examine American reliance on imported unmanned aircraft systems – including drones used for commercial, industrial and military purposes – as well as polysilicon , a critical material used in solar panels and semiconductors. Beijing holds a dominant position in both sectors. Section 232 grants the US president the power to impose duties if a Department of Commerce investigation finds that certain imports threaten national security. Trump has used the law to levy tariffs on steel, aluminium and cars, and the 50 per cent copper tariff he threatened last week also came from a Section 232 probe. Alfredo Montufar-Helu, a senior China-based adviser to C-suites, said he 'wouldn't be surprised' if Washington's investigation was used to gain leverage for future trade negotiations with China. But he also cautioned that the move was a double-edged sword.
Al Arabiya
15-07-2025
- Business
- Al Arabiya
US opens national security probes into imported drones, polysilicon
The US Commerce Department said on Monday it has opened national security investigations into the import of drones and related components as well as polysilicon, a key component in solar panels and semiconductors. The 'Section 232' investigations, which were opened on July 1 but not publicly disclosed previously, could be used as a basis for even higher tariffs on imported drones and polysilicon and its derivatives. The Trump administration has already opened numerous national security investigations, including into the import of commercial aircraft, jet engines and parts, medium-duty and heavy-duty trucks and related parts, semiconductors and pharmaceuticals. China accounts for the vast majority of US commercial drone sales. Washington has increasingly cracked down on Chinese drones over the last few years. DJI, the world's largest drone manufacturer, sells more than half of all US commercial drones. In December, then-President Joe Biden signed legislation that could eventually ban DJI and Autel from selling new drone models in the United States. In January, the Commerce Department under Biden said it was considering rules to restrict or ban Chinese drones in the US, citing national security concerns. President Donald Trump signed an executive order last month aimed at boosting the US drone industry. The Association for Uncrewed Vehicle Systems International said it supported the drone probe that will review supply chain concentration, domestic production capacity, and the role of foreign subsidies and pricing practices. 'The dependence on adversary-manufactured systems that are dumped in the US below market value due to foreign government subsidies has also stifled the growth of a secure American drone industrial base, undercutting innovation, and forcing US manufacturers to compete on an uneven playing field,' said AUVSI CEO Michael Robbins.
Reuters
14-07-2025
- Business
- Reuters
US opens national security probes into imported drones, polysilicon
WASHINGTON, July 14 (Reuters) - The U.S. Commerce Department said on Monday it has opened national security investigations into the import of drones and related components as well as polysilicon, a key component in solar panels and semiconductors. The "Section 232" investigations, which were opened on July 1 but not publicly disclosed previously, could be used as a basis of even higher tariffs on imported drones and polysilicon and its derivatives.
