South Korean polysilicon manufacturer OCI to invest $858.5 million in new plant


In a bid to join the leading global producers of polysilicon, South Korean chemical manufacturer OCI plans to restart construction on a new poly plant inside its existing facility in Gunsan in January. The company (the former DC Chemical) will invest 1 trillion Won (approximately $858.5 million) in its Phase 3 (P3) factory, which will have an annual manufacturing capacity of 10,000 metric tons when commercial production begins in 2011, bringing its total annual poly capability to 27,000 metric tons.

OCI, the only company in Korea with its own Siemens process-based polysilicon manufacturing technology, has already built the 6500-metric-ton P1 plant (completed in December 2007) and the 10,500-metric-ton P2 expansion (completed in July 2009).

When plans were announced in June 2008, P3 was originally scheduled for completion in December 2009, but its construction was postponed temporarily because of the poly oversupply and macroeconomic conditions, before getting the go-ahead from the company’s board to recommence the buildout earlier this month.

The new plant is expected to directly generate 500 jobs, according to OCI.

The company believes that despite the continuing oversupply of polysilicon, the market demand for high-efficiency solar cells and preference for high-purity polysilicon will grow steadily. OCI says it is already producing 10-nine grade polysilicon, which is one grade higher than 9-nine purity silicon, and the company’s plan is to sell most of the additional product through long-term supply contracts.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

July 18, 2024
EDP Renewables North America (EDPR NA) has inaugurated the 200MW/40MW  Scarlet I solar-plus-storage project in Fresno County, California.
July 18, 2024
US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.
July 18, 2024
The facility can process up to 100,000 tonnes of decommissioned solar modules per year that can reduce electronic waste sent to landfills.
July 18, 2024
Recent PV pricing volatility has prompted Platts, part of S&P Global Commodities, to launch a new module spot market tracker for the US, Asia and Europe.
July 18, 2024
“We believe this policy will unlock opportunities for renewables as it increases electricity supply avenues."
July 18, 2024
Egypt aims to accelerate the approval process for new renewables capacity to be constructed in the country.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA