Daqo to Invest $2bn on Chinese Silicon Plant
- Daqo New Energy Corp. unveils USD 2.1bn investment plan in Xinjiang, China for a industrial park to produce silicon-based materials. The ambitious project includes two phases of development with a total of 300,000 tonnes of polysilicon and 2.2 million pieces of silicon seed rod.
Chinese solar-grade polysilicon producer Daqo New Energy Corp. plans to invest CNY 15 billion (USD 2.1bn/EUR 1.9bn) in the construction of an industrial park for silicon-based new materials in the Xinjiang region of China. The project in Shihezi will be undertaken by the Chinese group’s subsidiary Xinjiang Daqo and will consist of two phases of CNY 7.5 billion each. The first phase of the project will achieve a production of 150,000 tonnes of silicon metals, 50,000 tonnes of polysilicon, and 1.2 million pieces of silicon seed rod. The second phase will expand the site’s capacity and will allow it to produce an additional 150,000 tonnes of silicon metal, 50,000 tonnes of polysilicon, and 1 million pieces of silicon seed rod. The timeline for the construction is subject to market conditions, approval by Xinjiang Daqo's shareholders and regulatory clearance. After completion, the company expects to produce all its silicon metal raw material needs.
What Are the Plans for Daqo New Energy Corp.'s CNY 15B Industrial Park?
- Daqo New Energy Corp.'s CNY 15B Industrial Park will be located in Shihezi, Xinjiang, China.
- The park will consist of two phases of CNY 7.5 billion each.
- The first phase of the project will achieve a production of 150,000 tonnes of silicon metals, 50,000 tonnes of polysilicon, and 1.2 million pieces of silicon seed rod.
- The second phase will expand the site’s capacity and will allow it to produce an additional 150,000 tonnes of silicon metal, 50,000 tonnes of polysilicon, and 1 million pieces of silicon seed rod.
- After completion, the company expects to produce all its silicon metal raw material needs.
- The timeline for the construction is subject to market conditions, approval by Xinjiang Daqo's shareholders and regulatory clearance.