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 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA