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26 November 2024
26 November 2024
26 November 2024
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OCI M adds RM4.6bil investment to strengthen Malaysia’s renewable energy and semiconductor industry
OCI M adds RM4.6bil investment to strengthen Malaysia’s renewable energy and semiconductor industry
OCI M adds RM4.6bil investment to strengthen Malaysia’s renewable energy and semiconductor industry
OCI M Sdn. Bhd., a wholly-owned subsidiary of OCI Holdings, has reaffirmed plans for an additional RM4.6 billion investment by 2028, reinforcing Malaysia’s strategic role in the global renewable energy and advanced materials supply chain. This investment will significantly expand OCI M’s solar-grade polysilicon production capabilities and establish Malaysia as the first in Southeast Asia with polysilicon-semiconductor grade capability. OCI M operates in Samalaju Industrial Park in Bintulu, Sarawak.
OCI M Sdn. Bhd., a wholly-owned subsidiary of OCI Holdings, has reaffirmed plans for an additional RM4.6 billion investment by 2028, reinforcing Malaysia’s strategic role in the global renewable energy and advanced materials supply chain. This investment will significantly expand OCI M’s solar-grade polysilicon production capabilities and establish Malaysia as the first in Southeast Asia with polysilicon-semiconductor grade capability. OCI M operates in Samalaju Industrial Park in Bintulu, Sarawak.
OCI M Sdn. Bhd., a wholly-owned subsidiary of OCI Holdings, has reaffirmed plans for an additional RM4.6 billion investment by 2028, reinforcing Malaysia’s strategic role in the global renewable energy and advanced materials supply chain. This investment will significantly expand OCI M’s solar-grade polysilicon production capabilities and establish Malaysia as the first in Southeast Asia with polysilicon-semiconductor grade capability. OCI M operates in Samalaju Industrial Park in Bintulu, Sarawak.
During a high-level meeting with Prime Minister Dato’ Seri Anwar Ibrahim after the 4th Korea-Malaysia Business Forum here today, OCI Holdings reaffirmed its commitment to long-term collaboration and the nation’s economic growth. OCI M’s initiatives under the investment include: • Solar-Grade Polysilicon Expansion: Increasing capacity from 35,000 to 56,600 metric tons annually to meet rising global demand. • Epichlorohydrin (ECH) Plant: A new 100,000 metric ton annual production facility to support electric vehicles and wind turbine blades. • Chlor-Alkali (CA) Development: Enhancing materials for secondary battery cleaning. • Semiconductor-Grade Polysilicon JV: Introducing the first semiconductor-grade polysilicon facility in Southeast Asia. OCI Holdings and OCI M Chairman Lee Woo Hyun said Malaysia had been an indispensable partner in OCI’s growth as a global leader in solar and semiconductor materials. “With approximately RM7.38 billion invested to date, Malaysia remains our core production hub. We value the government’s continued support, which enables us to create opportunities and contribute to Malaysia’s economic resilience,” said Lee. Meanwhile, OCI M President and Chief Executive Officer Dato’ Dr. Anas Alam Faizli said these investments would ensure OCI M continues to lead in non-China solar-grade polysilicon production while supporting Malaysia’s renewable energy goals and industrial development. This announcement follows OCI Holdings’ RM2.7bil (850 billion KRW) investment cooperation agreement signed during the KL20 Summit in April this year. These efforts emphasize OCI M’s critical role in Malaysia’s green energy supply chain.
During a high-level meeting with Prime Minister Dato’ Seri Anwar Ibrahim after the 4th Korea-Malaysia Business Forum here today, OCI Holdings reaffirmed its commitment to long-term collaboration and the nation’s economic growth. OCI M’s initiatives under the investment include: • Solar-Grade Polysilicon Expansion: Increasing capacity from 35,000 to 56,600 metric tons annually to meet rising global demand. • Epichlorohydrin (ECH) Plant: A new 100,000 metric ton annual production facility to support electric vehicles and wind turbine blades. • Chlor-Alkali (CA) Development: Enhancing materials for secondary battery cleaning. • Semiconductor-Grade Polysilicon JV: Introducing the first semiconductor-grade polysilicon facility in Southeast Asia. OCI Holdings and OCI M Chairman Lee Woo Hyun said Malaysia had been an indispensable partner in OCI’s growth as a global leader in solar and semiconductor materials. “With approximately RM7.38 billion invested to date, Malaysia remains our core production hub. We value the government’s continued support, which enables us to create opportunities and contribute to Malaysia’s economic resilience,” said Lee. Meanwhile, OCI M President and Chief Executive Officer Dato’ Dr. Anas Alam Faizli said these investments would ensure OCI M continues to lead in non-China solar-grade polysilicon production while supporting Malaysia’s renewable energy goals and industrial development. This announcement follows OCI Holdings’ RM2.7bil (850 billion KRW) investment cooperation agreement signed during the KL20 Summit in April this year. These efforts emphasize OCI M’s critical role in Malaysia’s green energy supply chain.
During a high-level meeting with Prime Minister Dato’ Seri Anwar Ibrahim after the 4th Korea-Malaysia Business Forum here today, OCI Holdings reaffirmed its commitment to long-term collaboration and the nation’s economic growth. OCI M’s initiatives under the investment include: • Solar-Grade Polysilicon Expansion: Increasing capacity from 35,000 to 56,600 metric tons annually to meet rising global demand. • Epichlorohydrin (ECH) Plant: A new 100,000 metric ton annual production facility to support electric vehicles and wind turbine blades. • Chlor-Alkali (CA) Development: Enhancing materials for secondary battery cleaning. • Semiconductor-Grade Polysilicon JV: Introducing the first semiconductor-grade polysilicon facility in Southeast Asia. OCI Holdings and OCI M Chairman Lee Woo Hyun said Malaysia had been an indispensable partner in OCI’s growth as a global leader in solar and semiconductor materials. “With approximately RM7.38 billion invested to date, Malaysia remains our core production hub. We value the government’s continued support, which enables us to create opportunities and contribute to Malaysia’s economic resilience,” said Lee. Meanwhile, OCI M President and Chief Executive Officer Dato’ Dr. Anas Alam Faizli said these investments would ensure OCI M continues to lead in non-China solar-grade polysilicon production while supporting Malaysia’s renewable energy goals and industrial development. This announcement follows OCI Holdings’ RM2.7bil (850 billion KRW) investment cooperation agreement signed during the KL20 Summit in April this year. These efforts emphasize OCI M’s critical role in Malaysia’s green energy supply chain.