According to foreign media reports, Cubic PV, an American photovoltaic wafer manufacturer, recently signed an eight-year polysilicon supply contract with South Korea's polysilicon OCIM, making Cubic the first American customer of OCIM. Cubic reports that the contract is worth about $1 billion (7.143 billion yuan) for its new 10g W silicon wafer plant in the United States.
Under the deal, OCI's Malaysian subsidiary OCIM Sdn. Will supply the US company with the raw material for solar cells for eight years from 2025.
Data show that OCIM, located in Samalaju Industrial Park, Sarawak, Malaysia, produces 35000 tons of low-carbon solar cell polysilicon annually through environmentally friendly hydropower and solar power generation , with 100% wastewater recycling. The company was founded by Tokuyama Corporation of Japan in 2009 and acquired by OCI in May 2017.
OCI Holdings, a leading solar cell manufacturer and South Korea's only polysilicon producer, has been aggressively pursuing overseas expansion. OCI said in 2022 that it would invest $40 million to expand the solar module production facility of its U.S. subsidiary Mission Solar Energy. With the expansion, Mission Solar's module capacity will increase from the current 210 MW to 1 GW. OCI also plans to expand polysilicon production facilities at its South Korean and Malaysian facilities in Kunsan. He said OCI would eventually double its annual production capacity to more than 8 million tonnes.
CubicPV, also known as Cubic, is a large solar cell startup currently building a solar cell wafer plant in the United States.
Data show that in December 2022, CubicPV announced plans to build 10 GW of traditional monocrystalline silicon wafer production capacity in the United States. Cubic reported that the wafers produced by the new plant could fill gaps in the domestic supply chain and create 1,500 new direct jobs, driven by the US Inflation Reduction Act incentives.
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