REC Silicon sales decrease in third quarter

MOSES LAKE — REC Silicon has received another short-term loan from its largest shareholder for $13 million. According to REC’s third quarter report, released Nov. 4, company revenues were about $3 million less than the second quarter of the year. Sales decreased in the third quarter as compared to the second quarter, which offset increases in the price of the company’s primary product, silane gas. 

“Silicon gas sales decreased by 46 metric tons to 542 metric tons during the third quarter of 2025 compared to the second quarter of 2025,” according to the third quarter report. 

REC Silicon closed its Moses Lake facility in December 2024, although company officials are maintaining the facility with the possibility of restarting it to produce silane gas. The company has received a series of loans from Anchor AS, its primary shareholder, during 2025. Over the past year, officials have said that REC continues to need short term loans, a warning that was repeated in the announcement for the latest loan. Anchor AS is a Norwegian subsidiary of Hanwa Solutions and Hanwa Corporation, its largest shareholders.  

“REC Silicon does not have sufficient cash available to meet debt service and other anticipated operating cash flow requirements without the continued support of the major shareholder, Hanwa, or additional sources of capital,” the REC press release said. 

Company officials have declined to comment on the fate of the Moses Lake facility.  

“Please refer to our prior press releases for information concerning any significant decisions or developments,” said Chuck Sutton, vice-president for polysilicon sales and government relations, in an email to the Columbia Basin Herald.