NORWAY - Return backer Capricorn takes 7% stake in Metallkraft

Kristiansand-based Metallkraft has developed a technology that recycles the slurry used in the production of silicon solar modules. The slurry consists of abrasive silicon carbide particles and glycol and is quickly polluted during the cutting process by silicon dust, metal particles from the saw wire and water. Metallkraft's recycling facilities allow the slurry to be turned into commercial products. The company employs 80 people.

A production plant Yangzhou was successfully launched earlier this year, and another plant in Singapore serving REC ScanWafer is planned for 2010.

Capricorn was introduced to the business by Enskilda in Norway last year, and invested EUR 3.5m in December 2008 from Capricorn Cleantech Fund as part of EUR 22.8m funding round.

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