Nitol Solar

Nitol Solar is an international, vertically integrated company originating from Russia whose main business activities are scientific development and manufacture of products used to generate solar energy. They were valued at $1bn in Jan 2008[1] The company was founded in 1998 by Dimitry Kontenko, and in 2009, was Russia's largest producer of polysilicon.[2]

Nitol’s current and envisaged product groups include the value chain from trichlorosilane to polycrystalline silicon and monocrystalline and multicrystalline silicon wafers.[3]

Nitol Solar production activity is based on two divisions – the Chemical Division and the Polysilicon Division. The divisions are integrated into a single value chain.

The Chemical Division manufactures chlorine, caustic soda, a number of chlorine-containing organic and inorganic products and processes gas for the production of trichlorosilane (raw material for polysilicon production).

The Polysilicon Division is focussed on the manufacture of the primary raw material for photovoltaic wafers.

In 2011, the company was involved in a project funded by Rusnano and Sberbank to establish a polysilicone plant in Irkutsk, the project folded with all workers laid off after the price of polysilicone fell from $400 to $16/kg.[4]

References
  1. http://www.ft.com/cms/s/0/14a00576-c086-11dc-b0b7-0000779fd2ac.html
  2. Bush, Von Jason. "Startup Success Story: Nitol, Russia's Emerging Solar Power Star - DER SPIEGEL - International". www.spiegel.de. Retrieved 2020-07-25.
  3. "Russia's Nitol Solar says plans London IPO". Reuters. 2008-01-14. Retrieved 2020-07-25.
  4. Sberbank withdraws from nitol solar project. (2015, Feb 06). Interfax : Russia & CIS Business & Financial Daily ProQuest 1652202113
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