Hoku Plant Could Be Sold For Scrap


0  Updated at 11:35 am, August 1st, 2013 By: Managing Editor
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(POCATELLO, ID) – The Hoku polysilicon plant in Pocatello could be torn down and sold for scrap. Hoku filed for Chapter 7 bankruptcy July 7, leaving $25 million in unpaid bills to industrial contractor JH Kelly. The $600 million facility was nearly 80 percent completed before Hoku was forced to close the plant because of major financing difficulties, including a sparring match over utility payments to Idaho Power. Officials estimate that the plant’s scrap metal alone is worth up to $25 million.

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