Glass Industry News

Canadian Premium Sand Inc. Comments on Recent U.S. Government Policy Announcement

, CPS

Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to comment on a meaningful development in the North American solar industry. The Biden administration announced yesterday that any potential tariffs on solar panel imports from four Southeast Asian nations currently under investigation by the Department of Commerce will be waived for two years in order to maintain near-term solar panel installation growth. Simultaneously, the Defense Production Act will be invoked to spur domestic solar panel manufacturing in order to foster a North American supply chain that can accommodate the continent’s longer-term demand profile without being dependent on traditional Asia-Pacific sources.

This policy announcement is consistent with the overall US Federal Government’s goal of accelerating renewable energy installations to meet the objective to have 100% of electricity coming from zero-carbon sources by 2035. This announcement also reflects growing concerns that there is an inadequate supply of solar panels in the near-term to support the strong growth forecasts the industry has for solar panel installations including the Solar Energy Industry Association’s (SEIA) forecast for a 21% compound annual growth in solar installations in the US over the next 8 years.

CPS believes it is well positioned to be a beneficiary of the initiative to establish a robust North American solar panel manufacturing supply chain. This initiative will expand market demand for its locally manufactured patterned solar glass, 100% of which is currently imported from the Asia-Pacific region.

Since the Company’s announcement of its intention to develop North America’s only patterned solar glass manufacturing facility, CPS has received enthusiastic support from existing solar panel manufacturers, as well as certain global entities that are planning to establish a North American presence. To date, the Company has secured Expressions of Interest for the purchase of solar glass in excess of the first phase of planned facility output, which is strong evidence of industry support for the project.

"We are excited to participate in a rapidly-growing solar panel manufacturing market with a first-mover advantage in North America," said Glenn Leroux, President & CEO of CPS. "This announcement provides increased visibility into the trajectory of solar panel installation growth and offers clear support for the domestic solar panel manufacturing industry. Our plan to be the only North American supplier of patterned solar glass is a timely and required element of establishing a North American supply chain for solar panel manufacturing. We look forward to continued discussion with our solar panel manufacturing customers with regards to how our future supply of low-carbon ultra-clear, patterned solar glass will help to accelerate the growth in their business plans.”

About Canadian Premium Sand Inc.
The Company is developing manufacturing capacity for ultra high-clarity patterned solar glass through a Company-owned facility to be located in Selkirk, Manitoba that utilizes the high-purity, low-iron silica sand from its wholly owned Wanipigow quarry leases and renewable Manitoba hydroelectricity. The Company is a reporting issuer in Ontario, Alberta and British Columbia. Its shares trade on the TSXV under the symbol "CPS".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

, © CPS

Notícias sobre o material do site é copyright e pertence à empresa ou ao seu fornecedor de terceiros notícia, e todos os direitos reservados. Qualquer usuário que acessa esse material poderá fazê-lo apenas para seu próprio uso pessoal, bem como a utilização desse material é de risco exclusivo do Utilizador. A redistribuição ou exploração comercial de material tal notícia é expressamente proibida. Se tal notícia material é fornecido por um terceiro, cada utilizador concorda em observar e estar vinculado aos termos específicos de utilização aplicáveis a material notícia. Nós não representamos nem endossamos a precisão ou confiabilidade de qualquer informação contida em qualquer notícia ou sites externos referidos na notícia.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2024

plants.glassglobal.com

Updated hollow glass study 2024

Request more information

Updated float glass study 2024

Request more information

Further glass market studies

Request more information

Perfil da Empresa



Updated worldwide glass market study 2024 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2024.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated container glass study 2024

X

Updated float glass study 2024

X

Further glass studies and reports 2024

X