78.5 billion! Photovoltaic Glass Giant Plans to Invest in Indonesian Quartz Sand Industry

According to foreign media reports, Bahlil Lahadalia, Minister of Investment of Indonesia, announced recently that Xinyi Group, a photovoltaic glass giant , will build a downstream quartz sand or silica sand factory in Rempang Eco-city, Batam Island, Riau Islands. The total investment amounts to USD 11 billion (CNY 78.5 billion) . Earlier

last week, Bahlil had discussed the matter with Xinyi Group during a visit to its Wuhu base.

He said that as one of the world's leading industrial enterprises, Xinyi Group would invest in Rempang if God was willing.

Indonesia has been looking to process raw materials at home to gain more added value. A government development roadmap released by the Ministry of Investment earlier this year shows that the country will prioritize the downstream development of 21 commodities such as coal, bauxite, salt and seaweed in the coming decades.

"We have quartz sand, silica and other commodities, which we have been exporting as raw materials.". "This is a downstream part of the quartz sand industry by building an ecosystem of glass and solar panel factories," Bahlil said. Ubud Palace

, Bali,

Indonesia According to ESDM data, Indonesia's total silica sand resources may reach 25 billion tons , while its total producible reserves may reach 331 million tons. Silica sand is spread across 23 provinces, from Aceh to West Papua. However, high levels of silica (SiO ²) exceeding 99% are only found in the Riau Islands, Bangka Belitung, West Kalimantan, Central Kalimantan and South Kalimantan.

In order to strengthen the domestic semiconductor and solar panel industry, Indonesia currently only allows the export of refined silica sand with silica content higher than 99.5% and iron content lower than 120 ppm. Recently, Indonesian President Joko Widodo announced that he would strictly ban export of silica sand or quartz sand and 600 kinds of imitation products.

In recent years, with the sustained and rapid development of the global photovoltaic industry , Xinyi Group, as the world's leading photovoltaic glass giant, has frequently laid out quartz sand to ensure the stable supply of raw materials.

Digital New Energy DNE noted that this is not Xinyi Group's first investment in quartz sand in Indonesia this year. In February this year, Xinyi Solar Energy, a subsidiary of Xinyi, announced plans to invest 3 billion yuan . To ensure the supply of silica sand in Baobanga Belitung, Indonesia.