GCL-Poly and Wuxi Shangji group on 300,000 MT granular polysilicon plant JV

• Major polysilicon producer GCL-Poly has become part of an agreement with monocrystalline tools as well as wafer manufacturer Wuxi Shangji Automation Co to partner on developing a 300,000 MT Fluidised Bed Reactor (FBR) 'granular' polysilicon plant in Inner Mongolia.

The tactical collaboration structure agreement is in between GCL-Poly's FBR polysilicon subsidiary, Jiangsu Zhongneng Polysilicon Technology Advancement Co., and also Wuxi Shangji Automation Co. The plant is anticipated to require a total investment of RMB18 billion (US$ 2.78 billion).

GCL-Poly will have a 65% equity interest in the joint venture, while Wuxi Shangji will certainly have a 35% risk.

The project is expected to be built in three phases, with a preliminary phase of 60,000 MT of capacity built at an anticipated price of RMB3.6 billion (US$ 556 million).

The crucial rate of interest in the cooperation for Wuxi Shangji is securing long-lasting supply of granular polysilicon as it prepares to come to be a significant monocrystalline wafer manufacturer. GCL-Poly's granular polysilicon technology has the capacity to come to be the lowest manufacturing cost polysilicon, providing Wuxi Shangji an expense affordable mono-wafer organization.

The polysilicon plant would be the largest in the PV sector if the project was completely completed and also ramped. Presently, the biggest polysilicon plants remain in the series of 80,000 MT, all in China.

Xinte Energy just recently announced prepare for a 200,000 MT polysilicon production facility near the city of Baotou, Inner Mongolia.

Xinte Energy's existing major hub for polysilicon manufacturing is an 80,000 MT center in Urumqi, Xinjiang.