The company had two plants and was intended to produce solar-grade polycrystalline silicon from trichlorsilane by Siemens-process for solar energy applications.
[2] In 2008 the company was funded by International Finance Corporation (IFC), CHINA Suntech Power Inc,[1] later getting joined by Sberbank and Rosnano (with surety by Alfa-Bank) in 2009.
[2] NITOL group also included Usolikhimprom (Russian: Усольхимпром) company that was shut down and dissolved on November 1, 2017 due to bankruptcy as well.
[1][3] They were valued at $1bn in Jan 2008[4] The company was founded in 1998 by Dimitry Kontenko, and in 2009, was Russia's largest producer of polysilicon.
[2] The company has left a huge mercury-containing sludge that heavily contaminated nearby rivers and lands by mercury metal.