PLN 60 million for green project implementation!

We are glad to announce that our company Re Alloys obtained a sum exceeding PLN 60 million for its green project implementation

A project financing agreement for “development of an innovative technology for effective use of subgrain in the production process of high-grade silicon and iron alloys (FeSi) along with providing zero-emission energy resource (RES) for this process” has been signed with the National Centre for Research and Development.

Within the project:

• • • a technology of full management of the ferrosilicon production process by-products is to be developed,
    • a 35 MW PV installation is to be constructed to generate energy for the production process.

The projects result will be:

• • • management of by-products
    • significant reduction of CO2 emission
    • improvement of the production process efficiency
    • independence of the energy market prices
    • participation in the industry transformation

Total cost of the project has been estimated at the level of PLN 168,141,974.22, and the subsidy amount is PLN 61,623,866.15 The project is co-financed by the EU funds within the European Funds for Modern Economy Programme.