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NovoPolymers to Expand Belgian Plant for Polymer Based Encapsulation Foil Production

Published on 2011-02-09. Author : SpecialChem

Puurs -- NovoPolymers is planning a further expansion of its Belgian plant, which produces Novopolymers' proprietary polymer based encapsulation foils. This expansion should lead to a production capacity of 1 gigawatt-peak. Moreover, the company will further strengthen its organization and capital. To this end, Novopolymers' existing shareholders Gimv and Capricorn Cleantech Fund (CCF) together invest EUR 4.2 million in the company's second financing round.

Johan Declerck, CEO NovoPolymers: "Early 2008, our vision was to bring innovation in encapsulation hand in hand with significant production capacity, as we believe this is the only way forward for an emerging industry in renewable energy to become sustainable. With this capital round we are on schedule to get our first plant to a necessary 1 GWp scale. On top we have reassured by this round that our R&D pipeline can continue to design innovative products and our organization can be strengthened with top quality key personnel."

About NovoPolymers

NovoPolymers NV is a Belgium company with a strong focus on the development and production of environmentally sound sheets and films for primarily the solar cell industry. NovoPolymers is developing at first a comprehensive line of thermoplastic based encapsulant sheets for the conventional c-Si cell based PV module manufacturers. The technology is based on thermally curable Ethylene Vinylacetate (EVA) sheets. Next to that also a novel unconventional cured EVA system is under development. In addition the developments also target unconventional hydrocarbon thermoplastic elastomer materials for both classic and thin film technology.

Source: NovoPolymers


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