Main polysilicon producer Daqo New Power has elevated its anticipated polysilicon manufacturing capability by 100,000MT in Internal Mongolia to succeed in a complete manufacturing of 305,000MT by the top of 2023.
Inside its newly introduced Section 5B of polysilicon enlargement challenge in Internal Mongolia for subsequent 12 months, Daqo expects to extend the capability with an estimated capital expenditure of RMB9.2 billion (US$1.31 billion) for Section 5B.
At the moment underneath building in Internal Mongolia is Section 5A which might add a capability of 100,000MT and is predicted to be accomplished throughout Q2 2023.
Upon completion, the Internal Mongolia enlargement phases 5A and 5B – every including 100,000MT of polysilicon capability – will contribute practically two-thirds of the corporate’s polysilicon capability, in accordance with Longgen Zhang, CEO of Daqo New Power.
The corporate’s current polysilicon facility in Xinjiang has a nameplate capability of 105,000MT and is predicted to provide between 130,000-132,000MT of polysilicon in 2022.
The capability enlargement announcement comes after Daqo and its subsidiaries signed a number of provide offers previously months to offer polysilicon via the approaching years, with the most important being with LONGi for 251,280MT earlier this month, in addition to a five-year polysilicon settlement with an undisclosed photo voltaic Chinese language producer and two provide agreements for a complete of 194,600MT early in November.
Furthermore, Daqo plans to construct 300,000MT of metallurgical silicon capability in two phases to allow the corporate to self-supply the uncooked supplies within the coming years, in accordance with Zhang.
“We imagine that our Section 5B challenge and the metallurgical silicon tasks will additional improve our management with elevated capability, improved high quality, decrease price, and higher administration of provide chains,” mentioned Zhang.