Hoku Scientific, Inc. (NasdaqGM:HOKU), which has been working to fund and build a polysiicon plant in Idaho for its solar industry subsidiary Hoku Materials, Inc., announced a deal to supply hot water from the plant to its neighbor, Great Western Malting Company.
Hoku will supply Great Western Malting, a subsidiary of United Malt Holdings, with heated process water, a byproduct of polysilicon manufacturing. Great Western will use the water as an indirect heat source in its malt production line and then return the cooled water to Hoku for re-use. This closed-loop arrangement will reduce natural gas requirements and resulting emissions and carbon footprint for Great Western, while providing Hoku with a simple, lower-cost option to cool and recycle its process water.
Great Western’s malting facility is adjacent to the land leased by Hoku from the City of Pocatello.
"We are pleased to collaborate with Great Western Malting," said Dustin Shindo, chairman and CEO of Hoku Scientific. "The agreement is mutually beneficial because it offers Hoku an opportunity to reduce our in-house cooling requirements while fulfilling an essential need for Great Western. It also gives us a chance to be good neighbors and business partners."
Pocatello Mayor, Roger Chase, added, "The City of Pocatello is excited to partner with Hoku and Great Western Malting on this effort. We remain committed to do everything we can to advance sustainable, diverse economic development for our community."
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