HPQ - SILICONR E S O U R C E S
TSX-V:HPQ
BecomingtheWorld’sLeaderinProducingLowCostSolarGradeSiliconMetal
Thispresenta,onincludescertain“forward-lookingstatements”
Allstatements,otherthanstatementsofhistorical fact, includedherein, including,without limita5on,
statementsregardingfutureplansandobjec5vesofthecompany,areforward-lookingstatementsthat
involvevariousrisks,assump5ons,es5matesanduncertain5es,andanyorallofthesefutureplansand
objec5ves may not be achieved. The terms SGSI, Solar Grade Silicon and Polysilicon are used
interchangeablyandrefertohighpuritysiliconusedinthesolarpanelindustry,with99.999%purity,also
referredtoas“5N”.
These statements reflect the current expecta5ons or beliefs of HPQ-Silicon Resources Inc. (“the
Company”) and are based on informa5on currently available to the Company. There can be no
assurancethatsuchstatementswillprovetobeaccurate,andactualresultsandfutureeventscoulddiffer
materiallyfromthosean5cipatedinsuchstatements.Alloftheforwardlookingstatementscontainedin
thispresenta5onarequalifiedby thesecau5onary statementsand the risk factorsdescribedabove.
Furthermore,allsuchstatementsaremadeasofthedatethispresenta5onisgiven.
AninvestmentintheCompanyisspecula5veduetothenatureoftheitsbusiness. Theabilityofthe
Companytocarryoutitsplansasdescribedinthisconfiden5alpresenta5onisdependingonobtaining
therequiredcapital.ThereisnoassurancethattheCompanywillbeabletosuccessfullyraisethecapital
requiredortocompleteeachofthegrowthini5a5vesdescribed. Investorsmustrelyupontheability,
exper5se,judgment,discre5on,integrityandgoodfaithofthemanagementandBoardoftheCompany.
DISCLAIMERSHPQ - SILICONR E S O U R C E S
March2017–Page2
HPQ - SILICONR E S O U R C E S
HPQisdevelopingwithPyroGenesisCanadaInc.thePUREVAPtmQuartz
ReducLonReactor(QRR)(PatentPending),aonestepCarbothermicProcess,
adaptedfromPlasmaArc,tomakeSolarGradeSiliconMetal
THEDisrupLveTechnologyinSolarGradeSiliconMetal
SolarGradeSiliconMetal“Polysilicon”99.999+%Si
SiO299.0+%
Carbon
Theresultsareradicalbutthescienceissimple
InvestmentProposiLon
HPQplanstobecomeaLeaderintheGlobalSolarGradeSiliconIndustry
March2017–Page3
HPQ - SILICONR E S O U R C E S
HPQAndTheSolarPVManufacturingSpace
AnesLmated30%ofthecostsofnewPhotovoltaicsystemareaWributabletothe
transformaLonofQuartzintoSolarGradeSiliconMetal(Thecapitalintensityofphotovoltaicsmanufacturing:barriertoscaleandopportunityforinnova5onTheRoyalSocietyofChemistry,2015EnergyEnviron.Sci.,2015)
Silica MetallurgicalGrade SolarGrade Polysilicon
Quartz SiliconMetal SiliconMetal Brick/Ingots Solar Solar Solar
SiO2 MGSi SGSi Wafer Cell Module System
99.5%SiO2 98.5to99.5%Si 99.999%SiandHigher 99.999%SiandHigher
PresentDayProcessing-FollowedbyDownstreamManufacturing
PROCESS#1
Smelter
PROCESS#2
Refining
PROCESS#3
CrystallisaRonStep1 Step2 Step3
HPQPUREVAPTMQRRprocessisexpectedtoreduceproducLoncostofSolarGrade
SiliconMetalbyasmuchas80%
Silica SolarGrade Polysilicon
Quartz SiliconMetal Brick/Ingots Solar Solar Solar
SiO2 SGSi Wafer Cell Module System
99.5%SiO2 99.999%SiandHigher 99.999%SiandHigher
HPQisFocussedonDevelopingPUREVAP™QRRtoTransformQuartzDirectlytoSolarGradeSilicon
PROCESS#1&2
PUREVAPQRRPROCESS#3
CrystallisaUonStep1 Step2 Step3
March2017–Page4
ThecostcurveforSGSI(polysilicon)suggestthatlong-termsolar-gradepolysiliconpricebelowUSD15/Kgisnotfeasible.HPQandthePUREVAPTMwillchallengethat.
PolycrystallineSiliconMarket2016–2025|©AMMS|Updated:2November2016
DAQ
O
Elkem
OCI
Han
kook
Silicon
GCLSiemensWackerN
ünchritz
WackerB
urghau
sen
TBEA
ChinaSilicon
OthersurvivingChine
secom
panies
HanwhaChemical
RECSiliconFBR
Renesola
Hem
lock
TokuyamaMalaysiaPhaseII
GCLFBR
SMP
WackerTennessee
RECSiliconSiemens
SunEdisonFBR
TokuyamaShunan,Mitsubishi,OsakaTitanium
Est.Dem
and
-
5.00
10.00
15.00
20.00
25.00
- 450,000
Es,m
ated
variablecostincl.SG&A($/kg)
50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000
Source:PVMarketOutlook,Q12016,BloombergNewEnergyFinance,18February2016('BNEF')
Supplycurveforpolysilicon,2016
HPQ - SILICONR E S O U R C E S
PUREVAP™QRR
PotenLalOpexRange
(CashCost)
2016 Average Spot Price $16.92
PUREVAP™DISRUPTIVEPOTENTIAL
CashCostAnalysis
.
March2017–Page5
Debt free after gold spinout
CorporateandCapitalSummaryHPQ - SILICONR E S O U R C E S
*Independentdirectorsmayreceiveaddi,onalcompensa,onforprojectwork.
Management IndependentDirector(*)
BernardJTourillon,BAA,MBA RichardMimeau,B.Sc.Chairman,CEOandDirector Director
PatrickLevasseur PeterSmith,PhD,P.Eng.President,COOandDirector Director
NoelleDrapeau,LLL,MBA,PMP RobertRobitaille,B.A.,L.Ph.,MBACorporateSecretaryandDirector Director
FrancoisRivard DarylHodgesH.BSc,M.Sc..CFO Director
Auditors
RaymondChabotGrantThornton
TransferAgent
Computershares
Consultants
MarcelDrapeau,BA,B.Sc.Comm,LLLCompanyLawyer
MarcRicher-Laflèche,P.Geo,PhDTechnicalAdvisor(INRS-ETE)
March2017–Page6
SharePrice(March1,2017) $0.220 Cashandequivalentinhand
52WeekLow $0.095 Cashvalueofwarrantsinthemoney
52WeekHigh $0.305 BreakdownofwarrantsOutstanding # $
$0.07StrikePriceWarrants-Dec.17 6,670,000 $466,900$0.07StrikePriceWarrants-Feb.18 2,700,000 $189,000$0.07StrikePriceWarrants-Jun.18 4,615,750 $323,103$0.07StrikePriceWarrants-Aug.18 5,959,000 $417,130$0.07StrikePriceWarrants-Dec.18 7,156,000 $500,920$0.10StrikePriceWarrants-May17 464,586 $46,459$0.12StrikePriceWarrants-Feb.19 4,375,000 $525,000$0.25StrikePriceWarrants-Jul.18 6,200,000 -$0.25StrikePriceWarrants-Dec.18 6,448,211 -$0.25StrikePriceWarrants-Feb.19 9,411,766 -$0.30StrikePriceWarrants-Jan.20 8,000,000 -$0.30StrikePriceWarrants-Oct.18 2,840,909 -
$0.35StrikePriceWarrants-March18 1,462,500 -
$1,335,000
$2,468,511
SharesOutstanding: 164,527,822
Warrants: 66,303,742
MarketCapitalization(FD): $53,345,944
Options: 11,650,000
FullyDiluted: 242,481,564
MarketCapitalization: $36,196,121
Management&Board ≈16% ≈22%(FD)KeyInvestorGroup ≈16% ≈15%(FD)Fancamp ≈3% ≈6%(FD)Institutions ≈4% ≈5%(FD)TaiwaneseGroup ≈2% ≈3%(FD)PyroGenesis ≈2% ≈2%(FD)
TOTAL ≈43% ≈53%(FD)
MajorInvestors
HPQSiliconplanstobecomeaver,callyintegratedSiliconMetalCompany
CorporateStructureandBusinessesHPQ - SILICONR E S O U R C E S
SubsidiariesBEAUCEGOLD
FIELDSINC
QUARTZ
PROPERTIESPUREVAPQRR HPQSOLAR
BEAUCE
GOLD
PROJECT
RONCEVAUX
GOLD
OPTION
Quartz
Quarries
Products
HighPurity
Quartz
by-products
Metallurgical
Grade
SiliconMetal
HighPurityand
SpecialtyGrade
SiliconMetal
Solar
Grade
SiliconMetal
Polysilicon
Wafersfor
SolarCells
Purity 99.99+%SIO2
98.5%to99.5
%SI
99.6+to
99.99+%SI99.999+%SI
MarketSize≤100KMT
perYear
≥2.2Million
MTperYear
≥220KMT
perYear
≥350KMT
perYear
Average
sellingprice
inKg(USD)
>$5.00
$2.20
to
$2.60
$2.80
to
$3.75
$13.00
to
$16.00
2017,2018
development
stepsforHPQ
Exploration
worktostart,
goal
delineating
resourceson
Properties
R&Dongoing,
goalremains
validating
PurevapQRR
capacityto
produce5N+
purity
Studying
business
opportunities
ofexpanding
vertical
integration
furtherdown
thePV
manufacturing
cycle
Divisions
Goldassetsareintheprocesstobespun
outduringQ12017tounlockvalue
Ownership:100%now,20%afterspinout
Followinglabscalevalidation
confirmingcapacityoftaking98.1
SiO2feedstockandproduceHigh
PuritySi,theplansaretobuilda
pilotsystemtoconfirm
commercialscalabilityandstudy
commercialopportunitiesforthis
significantmarketsegment
HPQSiliconResourcesInc.
March2017–Page7
STRATEGICDEVELOPMENTAGREEMENTWITHPYROGENESIS
• PyroGenesisisdevelopingforHPQ-Silicon’sexclusiveusethePUREVAP™QRR(PatentPending)a1Step,CleanTechprocessformakingSGSidirectlyfromQuartz,usingaplasmasubmergedarc
• HPQ has acquired the intellectual property rights to the PUREVAP™ QRR process and will finance thedevelopmentasitrelatesexclusivelytotheproduc5onofsiliconmetalfromquartz(*)
• PyroGenesisisbuildingandwilloverseeproduc5onfroma200TPYSGSiR&Dpilotplant
(PressreleasesAugust2,2016,September30,2015)
*PyroGenesisretainsaroyalty-free,exclusive,irrevocableworldwidelicensetousetheprocessforpurposesotherthantheproduc5onofsiliconmetalfromquartz
HPQ - SILICONR E S O U R C E S
OutsourcingR&DAndPartnering
WithTheIndustryLeader
March2017–Page8
HPQPUREVAPTMTIMELINE:
MakingRapidProgressHPQ - SILICONR E S O U R C E S
4QTR 1QTR 2QTR2014
DiscussionwithPyroGenesisCanada
20151QTR 2QTR 4QTR3QTR
20163QTR 4QTR 1QTR 2QTR 3QTR 4QTR
2017
ProcessCharacterizationTestingPhase
ProofofConceptResearchandDevelopment,Labscaleequipment
assemblyandtesting
ProofofConceptTestingPhases
PilotPlantdetailengineeringplan(Process,Mechanical,ElectricalandAutomation)
PilotPlantFabricationandassemblyFirst successfulbench test, small traceof99.9+%Siproduced(29/06/16)
PCTinterna,onalpatentfiled,+GCCpatentfiled(SaudiArabia,Qatar,Kuwait,Oman&Bahrain)+Taiwanpatentfiled(28/08/16)
FinalProofofConcept testproduce0.1gof99.97%Si (3N+) from99.9+ % SiO2, Impurity removal confirmed, Boron removaldemonstrated(28/09/16)
99.936%Sinuggetproducedusing97.57%SiO2feedstock(2/11/16)
Forthefirst,me,99.99+%Sinuggetproducedusing98.14%SiO2feedstock(29/11/16)
Significant Scaling Milestones; 9,000 % Increase in Bench Test sample size; 300 %IncreaseinCapacityofLabScalePUREVAPtmReactor(28/09/16)
Provisionalpatentapplica,on
March2017–Page9
HPQ - SILICONR E S O U R C E S
HPQPUREVAPTMSCALINGUP:
MakingRapidProgress
ProofofConceptMetallurgicalTestsProgram,Scalingupresults
Thinlayerofmaterialproducedduringfirsttests
FirstnuggetofSi(99.97%SI)producedduringlastproofofconcepttest
(About0.1g)
ProcessCharacteriza,onTes,ngPhase,Scalingupresults
15testlater
Smallbeadproducedduringtest#24
Seriesofchunksof99.9+%Siproducedduringtest#32(8.8g)
8testlater
March2017–Page10
MGSiliconMetal98.0%to99.5%Si
ElectricArcFurnace
MGSiliconMetalIsDissolvedInHydrochloricAcidToFormTrichlorosilane(HSiCl3)
SolarGradeSiliconMetal99.999+%Si
SIEMENSTypeReactorhave90%MarketShare
Trichlorosilane(HSiCl3)is
FurtherRefined
SolarGradeSiliconMetal“Polysilicon”99.999+%Si
PUREVAP™QuartzReducLonReactor
MarketSize(Ton) ≈350KTonsMarketSize(US$) ≈5BillionDemandGrowth ≈15%CAGRPrice(US$/kg) 12.80to15.67CashCost(US$/kg) 12.0to17.0CapexCost(US$/kg) 75to100
SolarGradeSIKeyMatrix(5NandHigher)
2015Data(SourcesCRU,GTW,IEEEJOURNALOFPHOTOVOLTAICS,VOL.5,NO.2,MARCH2015,Bloomberg)
MarketSize(Ton) ≈2.2MillionTonsMarketSize(US$) ≈6BillionDemandGrowth ≈6%CAGRPrice(US$/kg) 2.4to2.8CashCost(US$/kg) 1.75to2.25CapexCost(US$/kg) 7to14
MGSIKeyMatrix(98%to99.5%Si)
2015Data(SourcesCRU,Ferroglobe,Bloomberg,Viridis.oq,Roskill)
AProprietary(PatentPending)One-stepProcessToMakeSolarGradeSiliconMetal
“ELEGANTINITSSIMPLICITY”
PUREVAPProcessKeyWorkingMatrix
CombineMarketSize(Ton) >2.7MillionTonsCombineMarketSize(US$) >11BillionDemandGrowth >10%CAGRCashCost(US$/kg) 1.75to2.25CapexCost(US$/kg) 7(2KTPYReactor)CapexCost(US$/kg) 4(10KTPYReactor)CapexCostSourcesfromPyroGenesisCanadaRoughOrder
ofMagnitudeStudy,(CapexandOpexnumberstoberefineafterPilotPlantstartoperation)
SiO299.5%Carbon
SiO299.5%Coal-WoodChips
COMPARISONofTODAY’SPROCESSandPUREVAP™HPQ - SILICONR E S O U R C E S
March2017–Page11
PUREVAP™DISRUPTIVEPOTENTIAL
CapexAnalysisHPQ - SILICONR E S O U R C E S
FollowingPilotScaleValida,onofthePUREVAP™QRRprocess;• Thegoalwillbetomovetoacommercialphase,withanobjec5veofbuildingcapacity
capableofproducing20,000TPYofSGSiwithin5-7years
PUREVAPTMQRRUS$18.5CapExperkgofannualcapacitymatrixatPilotPlant
phasedemonstratethedisrupLvepotenLalofthetechnology
March2017–Page12
Technologies FeedMaterial
CapableofTransforming Si02to
CapableofUpgrading MGSito
KeyCapexmatrixMinimumCapacityRequirement(MT)
CapExperKgofannualinstalledcapacity(US$/kg)
CapitalCostrequirements(US$million)
Numberofeffectivecompetitors
NEWTECHNOLOGY
SiemensHC SiemensHyperPure
FBRReactorwithSilane
SilicorAluminumSolventRefining
PUREVAPQRRR&DPilotPlant
PUREVAPQRRCommercialplant
SolarGradeSi SolarGradeSiSolarGradeSi
(4N-6N)ElectronicGradeSi
(8N-9N)SolarGradeSi
(5N-6N)SolarGradeSi
(6N-7N)1
19,000 200 10,00070(U.S.) 100(U.S.) 100(U.S.)45(China) 75(China) 75(China)455(U.S.) 650(U.S.) 650(U.S.)292(China) 488(China) 488(China)
(all$valuesinUSD)
7
6,500
35
665
EXISTINGTECHNOLOGY
18 4
4 38
HPQTECHNOLOGY
1
CapitalCostPerTechnologiesAvailableToProduceSGSiMaterial
SOURCES: SilicorMaterials PyroGenesisCanadaInc(PRAugust2,2016)
RoughOrderofMagnitudeStudybyPyroGenesis
IEEEJOURNALOFPHOTOVOLTAICS,VOL.5,NO.2,MARCH2015
Phase 1: Detailed Engineering
Process Engineering
Mechanical Engineering
Electrical Engineering
Automation Engineering
Phase 2: Pilot Plant Fabrication
Equipment Sourcing
Equipment Delivery & Inspection
Fabrication, Assembly & Installation
Sep-17 Oct-17 Nov-17Task Name
Sep-16
ScheduleOct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17
HPQ - SILICONR E S O U R C E S
DesignandPilotPlantFabrica,onSchedule
Phase3:HotcommissioningofPilotPlantschedulefromNov2017
Phase4:Tes,ngandOpera,ngPilotPlantschedulefromMarch2018
March2017–Page13
PUREVAP™PILOTPLANT:CAPITALNEEDS,TIMING
Thetotalcost topurchaseandcommissionthePUREVAPTMQRRPilotPlantandrelatedIntellectualPropertyisCDN$8,260,000tobeinvestedbetween08/2016en12/2018:• $1,000,000forpurchaseoftherelatedIntellectualProperty(Completed)• $4,430,000fordesign,fabrica5on,assembly,andtes5ng($2,393,600Completed,$2,036,400byOct-2017)• $520,000forhotcommissioningofthepilotsystem(TobepaidFromNov-2017toFeb-2018)• $2,310,000fortes5ngandopera5ngthepilotsystemduring10months(TobepaidFromMarchtoDec-2018)
TheProjectedCashcalloverthenext24monthsare:• $2,295,400for2017
• $2,570,000for2018
HPQSiliconfundingadvantages:
• Theprojectiseligibleforgovernmentfunding(ProvincialandFederal)for55%to80%ofthecost
§ DiscussionwithbothlevelsofGovernmentareongoing,butfinalapprovalsareonlyexpectedduringQ22017
• OverCDN$2,450,000worthofwarrantsareinthemoney,majorityinfriendlyhands
• Theacquisi5onofPUREVAPTMIntellectualpropertyopensupaddi5onalop5onsforfinancing
becauseinvestorswanttoseedirectcontroloverthekeyintellectualproperty
• Managementisexploringseverallikelynon–dilu5vepathsforfinancingthePilotPlant
§ Ifthesharespricesexceed$C0.30,thenoverCDN$11,2Millioncouldberaisedviawarrantexercises
• HPQwillbeen5tledtoR&Dresearchcreditsworthabout14%oftheCDN$7,260,000investment
HPQ - SILICONR E S O U R C E S
March2017–Page14
HPQ–PUREVAP™RAWMATERIALHPQ - SILICONR E S O U R C E S
• HPQ-SiliconisthelargestholderofHighPurityQuartzproper,esinQuebec,withover3,500Haunderclaims
• TheRoncevauxHighPurityQuartz,withitupto3Npurity(99.9%SiO2)samplesisinhigh
demand,andhassuccessfullypassedrigoroustes5ngprotocolsofamajorsiliconmetal
producer
• The Mar5nville High Purity Quartz is unique and rare with samples up to 4N purity
(99.99%SiO2)
March2017–Page15INRSTest2016Results
HPQVERTICALINTEGRATIONSTRATEGY
PlansAreToEstablishHPQQuarryOpera,onsinordertomeetourRawMaterialRequirementForFuturePUREVAP™QRRPlants.
HPQ - SILICONR E S O U R C E S
• For 2017, HPQ plans on developing the
RoncevauxQuartzPoten5al:
• Keygoal,delinea,ngasignificantresource
• A Preliminary Economic Assessment (PEA),
based on the fact that the PUREVAPTM QRR
process is the only process in theworld that
can transform 98.1% SiO2 into 99.9+% Si will
beundertakenin2018
• Un5l its comple5on, all our financial models
will be based on purchasing the raw High
Purity Quartz required for the plants, in the
openmarketatmarketprices
• Uponsuccessfulstartofquarryopera5onson
Roncevaux, HPQ Silicon will be a fully
integratedSiliconMetalProducer
March2017–Page16
HPQ - SILICONR E S O U R C E S WhyInvestinHPQNow?
HPQIsCanada’sOnlyPublicPurePlayInvestmentInthe
LucraLveSolarGradeSiliconMarket
HPQSiliconprovenbenchtestsuccessnowgradua,ngtoPilotPlant
HPQPUREVAP™ProprietarydisrupLvetechnology:• LowOpex,LowCapex,MinimalCarbonFootprintandEnvironmentallyfriendly
• Lessthan20%oftheIndustry’scashcost,• 5%ofIndustryCapex,and• Es,mated75%reduc,onincarbonfootprint
• Moving ahead advancing Pilot Plant manufacturing and talking to poten,alindustrypartners
• TheonlyprocessintheworldthatcantakelowqualityQuartz(98.1%SiO2)andproduceHighPuritySiliconmetal(99.95%Si)
March2017–Page17
HPQ - SILICONR E S O U R C E S
PUREVAPTM“FeedstockFlexibility:AVisibleAdvantage”
LowPurityFeedstock
98.14%SiO2
HighPurityFeedstock
99.9+%SiO2
March2017–Page18
Appendix:SupporLngSlides(slides18-23)
GrowthinMGSiConsump,onExpectedtoAcceleratefromHistoricalLevels
KMT
$/t
3,500
3,000
2,500
2,000
1,500
1,000
500
0
20072008200920102011201220132014201520162017201820192020
WesternWorld China
RisingMGSiDemandExpectedtoDrivePriceRecoveryin2017-2020
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
20072008200920102011201220132014201520162017201820192020
USA Europe Source:CRU2015,FerroglobeNote:Siliconconsump<on,pricing,andcapacitydataarefromCRU.
Japan
HPQ - SILICONR E S O U R C E S
GROWINGMETALLURGICALGRADESILICONMETALMARKET
n MGSi2015consump5onwas2.2MillionTons;
• >$US6billioninworldwidesales
n Demandisexpectedtogrowat6.0%CAGRfrom2016–2020
n CRU forecasts a 2017-2020 price recovery for MG SidrivenbyrisingMGSidemand
n In 2015, 15%ofGlobalMGSi (98.5% Si) produc,onwas further refined to Solar Grade Si (SG Si, or“Polysilicon”)at99.999%(5N)purity
• 350KTonsofSGSiwassoldin2015(≈$US5Billion)
n Growthwill be largely driven by the growing demandforSolarGrade(SG)Si(Polysilicon)materialtobeusedinPhotovoltaic(PV)solarpanels
n EachWau(W)ofenergyproducedbyaPVsolarsystemdemands≈5grofSGSi
n GTMResearch es5mates that Installed PV demand togrowth 15 % - 23 % annually, represen5ng about 10Gigawau(GW)peryear
n Significant SG Si Deficit are forecast from 2017 on asGigawau(GW)producewithSolarpanelsincreases
March2017–Page19
LowSGSi(Polysilicon)Produc,onLimi,ngPVGrowth
Source: Demand Data Installations: GTM Research, PV Pulse, January 2016 Supply Data: Competitor releases, industry analysts, REC Market Intelligence
Semi Semi Semi Semi Semi
ROW ROW ROW
China Top 3
China Top 3 China Top 3
China Top 3
China Top 3
Other China Other China Other China
Other China
Other China
41GW
59GW 64GW
78GW
0
100
200
300
400
500
2014 2015 2017 2018
Poly
silic
on (k
MT)
SG Si (Polysilicon) Supply/Demand Forecast
2016
Total SG Si Demand
(70)
(60)
(50)
(40) ROW
ROW
(30)
(20)
(10)
0
10
20 95GW
2014 2016 2017 2018
Poly
silic
on (k
MT)
SG Si (Polysilicon) Market Balance Forecast
2015
Supply Excess Supply Deficit
HPQ - SILICONR E S O U R C E S
March2017–Page20
PUREVAP™
TheOnlyEnvironmentallyFriendlyOpLon
CarbonFootprint75%LowerThanConven,onalProcess.ThePUREVAP™QRRprocessises5matedtogenerate14.1kgCO2eq/KgSGSi;
TheSiemensprocess(theindustrystandard)normallygenerates54.0kgCO2eq/
KgSGSiofemissions.*
• Thisrepresents75%fewergreenhousegasemissions,whichisjus5fiedbyelimina5on
oftheemissionsemana5ngfromtheuseofchemicals,aswellas,energyconsump5on
fromtheaddi5onalpurifica5onstep.
HPQ - SILICONR E S O U R C E S
*Source:R.Glöckner.M.deWild-Scholten.Energypayback<meandcarbonfootprintofElkemSolarsilicon.27thEuropeanPhotovoltaicSolarEnergyConferenceandExhibi5on March2017–Page21
SIMPLEPUREVAPTM1-STEPPROCESS“ELEGANTINITSSIMPLICITY”
+PlasmaArc
Silicon
Vacuum
Impuri,es
ONESTEP
QuartzReduc,onReactor• Quartzreduc5onwithcarbonusingplasmasubmergedarc
• Siliconrefiningundervacuumtoremoveimpuri5es
VacuumArcFurnace• Reachingverylowairpressurelevel
ü (mbar)• Veryhightemperatureplasmaarc
ü +3500degC• Resul,nginvaporizedimpuri,esbefore
Sicanvaporizeü P,K,Mg,Zn,Ca,Mn,Pb,Al,Fe,etc
HPQ - SILICONR E S O U R C E S
SolarGradeSiliconMetal“Polysilicon”March2017–Page23
3000 Omer-Lavallée St, Suite 306 Montreal, Quebec, CANADA, H1Y 3R8 Tel: +1 514 846 3271 Fax: +1 514 372 0066
www.hpqsilicon.com
CONTACT
Bernard J. Tourillon, B.A.A, MBA Chairman and CEO [email protected] +1 514 907-1011
Patrick Levasseur President, COO and Director [email protected] +1 514 262-9289
HPQ - SILICONR E S O U R C E S