New US$1.6 billion polysilicon plant planned in Malaysia

Facebook
Twitter
LinkedIn
Reddit
Email

A petrochemical construction firm based in Saudi Arabia plans to build a state-of-the-art polysilicon plant in Sarawak, Malaysia, expected to being production in 2016.

Project Management & Development Company (PMD) said the plant would cost around US$1.6 billion to build, while its Kuala-Lumpur based affiliate, Cosmos Petroleum & Mining Sdn Bhd, would become the owner and operator.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The polysilicon industry has experienced two years of rapidly falling ASPs, forcing a significant number of small-scale and some large companies to shutter plants. Significant overcapacity and inventory overhangs have dogged the sector, yet the subsequent price declines were crucial to PV module manufacturers lowering prices and opening a number of new unsubsidised markets.

Major polysilicon producers have new capacity to come on stream as well as a new wave of entrants to the market between now and 2016.

However, new plants will have to be highly efficient using the latest closed-loop processes and low-energy consumption to be able to produce high-purity polysilicon and keep prices below US$15/kg to be commercially viable.

PMD’s guided plant costs of US$1.6 billion suggest the plant will have a nameplate capacity of at least 15,000MT per annum.
 

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines