What PCC BakkiSilicon does

PCC BakkiSilicon hf. is a wholly-owned PCC SE subsidiary that operates a silicon metal smelter at Húsavík in northeast Iceland, producing metallurgical-grade silicon in purities from approximately 97% to 99%. The facility runs two submerged-arc furnaces totaling 52 MW of installed power (Phase 1) with nameplate output of 35,000 metric tons of silicon metal per year, operating at furnace temperatures around 2,000°C and exploiting Iceland's renewable geothermal and hydroelectric grid to achieve a carbon footprint of 3.1 t CO2 eq./t. Beyond silicon metal, the site produces microsilica (a silica fume byproduct), silicon powder, and secondary silicon products, with the byproduct gas cleaning system supplying usable microsilica streams to downstream industries. Phase 2 planning targets a doubling of installed power to 104 MW.

The company sells primarily into the German and broader European chemical, aluminum, and emerging battery materials industries under long-term offtake contracts, with related-party feedstock supplied by PCC Silicium S.A.'s quartzite operations in Poland. Revenue mechanics are anchored by contracted volume and grade-based pricing for metallurgical silicon, supplemented by microsilica and powder sales; total investment to date is approximately $300M, of which about $194M was financed by KfW IPEX-Bank. PCC BakkiSilicon also participates in a downstream R&D effort with PCC Thorion GmbH and Fraunhofer ISE to develop silicon-based battery materials, representing a forward extension of the core metallurgical franchise into higher-growth energy storage inputs. Management is led by CEO Kristín Anna Hreinsdóttir, with a workforce of 51–100 employees, and the company is positioned as a low-carbon European alternative to higher-emission silicon producers globally.

Name

PCC BakkiSilicon

Legal name

PCC BakkiSilicon hf.

Website

https://pcc.is

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

PCC BakkiSilicon is an Iceland-based, PCC SE-owned silicon metal smelter that produces 35,000 t/year of low-carbon metallurgical silicon using 100% renewable geothermal and hydroelectric power, supplying European chemical, aluminum, and battery materials customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Húsavík

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel

Revenue model

1. Silicon Metal Sales: Primary revenue stream from production and sale of silicon metal in various grades (97%, 98.5%, 99.0% purity). Products include PCC BakkiSilicon 2202, 3303, 441, 553, 551, 4402, 421, 411, 2510, 2502, and 97 grades. Sold in various sizes (0-3/5mm to 30-100mm) and packaging options (Big Bags, bulk containers, bulk vessels).
2. Microsilica Sales: Byproduct from production process, separated from exhaust in bag filters. Sold in densified and undensified forms with SiO2 content of 95.0%.
3. Silicon Powder Sales: Fine silicon powder products (0-0.070mm and 0-0.200mm grades) and micron-silicon powder for battery applications. Includes silicon powder D50 = 100-350nm for lithium-ion battery anodes.
4. Secondary Products: Secondary products including carbon electrode break, quartz sand, silicon sculls (90% Si), dross (45% Si), and silicon fines.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

PCC BakkiSilicon produces silicon metal in multiple purity grades (97.0%–99.0% Si) at its Húsavík, Iceland facility, powered exclusively by renewable geothermal and hydroelectric energy. The portfolio includes eleven silicon grades (PCC BakkiSilicon 97, 553, 551, 441, 4402, 421, 411, 3303, 2510, 2502, 2202) plus byproducts such as Microsilica, Silicon Powder, micron-silicon for lithium-ion battery anodes, and secondary products including silicon slag, carbon electrode break, quartz sand, silicon sculls, dross, and silicon fines. Production uses two 24 MW submerged arc furnaces with a capacity of 35,000 metric tons per year.

Product overview

PCC BakkiSilicon operates as an industrial silicon metal producer with a portfolio of core products, byproducts, and secondary products. The core offering consists of silicon metal in multiple grades (PCC BakkiSilicon 97 through 2202) with purities ranging from 97.0% to 99.0%, all produced using 100% renewable geothermal energy in Iceland with a carbon footprint of 3.1 t CO2 eq./t. The product line includes byproducts from production: Microsilica (95% SiO2) and various Silicon Powder specifications including micron-scale powders for lithium-ion battery applications. Secondary products include Silicon Slag, Carbon Electrode Break, Quartz Sand, Silicon Sculls, Dross, and Silicon Fines. The products are available in various sizes (0-3/5 mm to 30-100 mm) and packaging options (Big Bags, bulk containers, bulk vessels).

Differentiator

Problem solved

Functional benefit

Products and services

• PCC BakkiSilicon 2202 Ultra-high-purity silicon metal with minimum 99.0% Si, maximum 0.20% Fe, 0.20% Al, 0.02% Ca, with a carbon footprint of 3.1 t CO2 eq./t. Used by chemical industry customers for silicones, silanes, and aluminum alloy production.
• PCC BakkiSilicon 3303 High-purity silicon metal with minimum 99.0% Si, maximum 0.30% Fe, 0.30% Al, 0.03% Ca content, with a carbon footprint of 3.1 t CO2 eq./t. Intended for chemical and metallurgical applications.
• PCC BakkiSilicon 441 High-purity silicon metal with minimum 99.0% Si, maximum 0.40% Fe, 0.40% Al, 0.10% Ca content, with a carbon footprint of 3.1 t CO2 eq./t. Used for aluminum alloys and chemical applications.
• PCC BakkiSilicon 553 Silicon metal with minimum 98.5% Si purity, maximum 0.50% Fe, 0.50% Al, 0.30% Ca content, with a carbon footprint of 3.1 t CO2 eq./t. Used for standard metallurgical and chemical industry applications.
• PCC BakkiSilicon 551 Silicon metal with minimum 98.5% Si purity, maximum 0.50% Fe, 0.50% Al, 0.10% Ca content, with a carbon footprint of 3.1 t CO2 eq./t. Used for chemical industry applications.
• PCC BakkiSilicon 4402 High-purity silicon metal with minimum 99.0% Si purity, maximum 0.40% Fe, 0.40% Al, 0.02% Ca content, with a carbon footprint of 3.1 t CO2 eq./t.
• PCC BakkiSilicon 421 High-purity silicon metal with minimum 99.0% Si purity, maximum 0.40% Fe, 0.20% Al, 0.10% Ca content, with a carbon footprint of 3.1 t CO2 eq./t.
• PCC BakkiSilicon 411 High-purity silicon metal with minimum 99.0% Si purity, maximum 0.40% Fe, 0.10% Al, 0.10% Ca content, with a carbon footprint of 3.1 t CO2 eq./t.
• PCC BakkiSilicon 2510 High-purity silicon metal with minimum 99.0% Si purity, maximum 0.25% Fe, 0.10% Ca content, with a carbon footprint of 3.1 t CO2 eq./t.
• PCC BakkiSilicon 2502 High-purity silicon metal with minimum 99.0% Si purity, maximum 0.25% Fe, 0.25% Al, 0.02% Ca content, with a carbon footprint of 3.1 t CO2 eq./t.
• PCC BakkiSilicon 97 Silicon metal with minimum 97.0% Si purity, maximum 1.80% Fe content, with a carbon footprint of 3.1 t CO2 eq./t. Lower-purity grade suitable for industrial metallurgical applications.
• Microsilica Byproduct of silicon metal production with 95.0% SiO2 content, captured in the gas cleaning plants and available in densified and undensified forms. Used in construction and specialty materials applications.
• Silicon Powder 0-0.070 mm Fine silicon powder with >98.0% Si content and 0-0.070 mm particle size, used in battery and specialty chemical applications.
• Silicon Powder 0-0.200 mm Fine silicon powder with >97.5% Si content and 0-0.200 mm particle size, used in battery and specialty chemical applications.
• Micron-Silicon Powder (PCC Thorion) Silicon powder for lithium-ion battery applications with D50 particle size of 100-350 nm, flake shape, specific surface area of 10-100 m²/g, and specific discharge capacity up to 3100 mAh/g. Developed in partnership with PCC Thorion GmbH and Fraunhofer ISE.
• Silicon Slag Secondary product from silicon metal production, sold to industrial customers worldwide.
• Carbon Electrode Break Carbon electrode byproduct with original diameter 1272 mm and maximum 2.50% ash content.
• Quartz Sand Screen undersize quartz sand byproduct from silicon metal production.
• Silicon Sculls Secondary product with 90% silicon level from silicon metal production.
• Dross Secondary product with 45% silicon level from silicon metal production.
• Silicon Fines Fine silicon particles byproduct from silicon metal production and crushing processes.

Quantifiable outcome

• Carbon footprint of 3.1 t CO2 eq./t silicon metal - significantly lower than comparable plants worldwide
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• LandsvirkjuncoreStrategic or Co-development Partner · 1 March 2014Iceland's biggest energy utility supplying the production facility with climate-friendly electricity under a 15-year power purchase agreement (PPA) with extension options. Landsvirkjun developed a new geothermal energy source near Húsavík and constructed a 90 MW power plant serving the entire new industrial area. This partnership enables the plant's low-carbon production.
• SMS group GmbHcoreStrategic or Co-development Partner · 1 October 2013Plant constructor engaged for the design and construction of the silicon metal production facility. SMS group is a leading international plant construction company specializing in metallurgical processes and equipment.
• PCC Silicium S.A.coreStrategic or Co-development PartnerPCC's own quarry in Zagórze, Poland supplying quartzite, the major feedstock for silicon metal production. Secure raw material sourcing from within the PCC Group provides supply chain integration and cost advantages.
• PCC Thorion GmbHminorStrategic or Co-development PartnerPCC SE startup company developing silicon-carbon composite materials for lithium-ion batteries in partnership with Fraunhofer ISE. The innovative material is based on silicon powder from the Iceland plant, creating a downstream value chain integration.
• Fraunhofer ISEminorStrategic or Co-development PartnerResearch partnership with PCC Thorion GmbH to develop silicon-carbon composite materials designed to enhance lithium-ion battery performance. The material uses silicon powder from PCC BakkiSilicon's Iceland plant.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Dow Inc. US-based chemical major with a large silicones franchise (formerly Dow Corning) that consumes metallurgical silicon. Indirectly comparable as a downstream customer competitor for silicones-grade silicon and a portfolio incumbent with broad chemical exposure.
• Wacker Chemie AG: German chemical major producing polysilicon, silicones, and specialty silicon products. Comparable through its silicon/silicones business sharing German customers; broader portfolio (polysilicon for solar/semiconductors) stretches beyond BakkiSilicon's commodity silicon metal core.
• Shin-Etsu Chemical Co., Ltd. Largest Japanese chemical company with leading positions in PVC, silicones, semiconductor silicon, and rare-earth magnets. Overlaps with BakkiSilicon via its silicon/silicones business and shares the same Japanese/German customer base for high-purity silicon.
• OCI Company Ltd. Korean chemical and energy group with significant polysilicon and silane operations plus broader nitrogen/methanol exposure. Comparable to BakkiSilicon on the silicon side while operating as a much larger diversified incumbent.

Direct peers

• Ferroglobe PLC: Largest global producer of silicon metal and ferrosilicon with assets in Europe, North and South America. Directly comparable in core technology (submerged arc furnaces), product portfolio, and end-market exposure to chemicals, aluminum, and steel.
• Tokuyama Corporation: Japanese chemical company producing silicon products including polysilicon, silanes, and aluminum alloying-grade silicon. Comparable technology and end-markets, though with regional concentration in Asia and a broader chemicals portfolio.
• Hoshine Silicon Industry Co., Ltd. China's largest silicon metal producer and a leading global merchant supplier. Competes head-to-head with PCC BakkiSilicon in silicon metal grades sold to chemical and aluminum customers, though with a much higher carbon footprint than the Icelandic plant.
• REC Silicon ASA: Norwegian-headquartered producer of polysilicon and silicon gases for solar and electronics. Operates similar silicon-furnace technology at comparable scale and shares focus on the European silicon supply chain.
• Elkem ASA: Norwegian-headquartered producer of silicon metal, ferrosilicon, and silicones. Closest geographic and operational peer — uses submerged arc furnace technology, similar scale (multi-hundred-kiloton capacity), and serves overlapping chemical and aluminum customers in Europe.
• Mississippi Silicon LLC: US-based silicon metal producer operating submerged arc furnaces in Burnsville, Mississippi. Directly comparable merchant silicon metal producer competing in chemical, aluminum, and solar end-markets with a similar single-plant operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/PCCBakkiSilicon
• LinkedInlinkedin.com/company/pcc-bakkisilicon

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PCC BakkiSilicon