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Taiwanese AUO & German Eyonik to Develop Green Energy Business

Source: Taiwantrade | Updated: 25 January 2011

Both sides have signed a memorandum of understanding to engage in the research, development and manufacture of solar energy, lighting and other unspecified green energy activities, AUO said.

The two companies also aim to enter the business of recycling poly methyl methacrylate (PMMA), which is a clear plastic, for use as a shatterproof replacement for glass.

Further details of the partnership have not yet been finalized, but the cooperation with Evonik, one of the world's leading specialty chemicals makers, will enhance AUO's capability in the areas of material research and development, the Taiwan company said.

In 2008, Forhouse Corp., an AUO affiliate, set up a joint venture with Evonik to produce PMMA for use in thin-film transistor liquid crystal displays (TFT-LCD).

AUO said the joint venture has been going very smoothly, therefore, it was decided that it should be extended into the green energy business.

The Forhouse and Evonik joint venture, which is called Evonik Forhouse Optical Polymers, is planning to double its annual production to 85 kilotons in 2012.

AUO currently owns a stake of more than 90 percent in the Japan-based silicon wafer maker M. Setek, which gives AUO access to the upstream solar-energy business.

Please click TFT-LCD and green energy for related products on Taiwantrade.

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