Comprehensive Report on Polysilicon Project Investment in China

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Comprehensive Report on Polysilicon Project Investments in China: The investor for the polysilicon project in Jiangxi Province is Jiangxi Sunway Polysilicon Co., Ltd., and the location of the project is in Xinyu City, Jiangxi. Sunway Solar plans to complete the construction of its polysilicon plant by the end of 2008, with an expected production capacity of up to 6,000 tons of polysilicon; this figure is set to rise to 15,000 tons by the end of 2009. The Sevastopol polysilicon project was designed, equipped with machinery, and constructed by Fluor, a company headquartered in Texas. Jiangsu Province) J: N1 O1 a) V% ?’ The medium-energy photovoltaic polysilicon project was funded by GCL Group with an investment of over 7 billion RMB. It was established in the Xuzhou Economic Development Zone in August 2006. On September 21, 2007, the first production line with a capacity of 1,500 tons began operations, while the second production line with the same capacity was scheduled to start operating in April 2008. 2 K- X/ G6 u7 x7 (2) The Jiangsu Xinsuanglong Polysilicon Project was established through a joint venture between Jiangsu Xinsuanglong Investment Guarantee Company and **Lianzhong. It has an annual production capacity of 1,200 tons of polysilicon, and construction began on January 20, 2007, in the Taowu Industrial Zone in Hengxi Town, Jiangning, Nanjing. The total investment for this project is $40 million, and it is planned to be built in three phases over a period of three years. The project uses Siemens technology. (3) The Jiangsu Shundao polysilicon project officially commenced construction in the Yangzhou Economic Development Zone at the beginning of 2007, with a total investment of $300 million; it is capable of producing 1,500 tons of high-purity polysilicon per year. ING, Goldman Sachs and others invested $100 million to acquire 26.7% of the shares in Shunda Semiconductor. Z3 i5 |(4) Lianyungang (12.27,0.01,0.08%, bar) Polysilicon project: On December 5, 2007, the investment agreement for this project, with a total investment of $1 billion and an annual production capacity of 10,000 tons of high-purity polysilicon, was officially signed in Nanjing, Jiangsu. The project was invested in and constructed by Trina Solar, using an improved Siemens process for production. . ^'* N’ c/ (5) The Suqian Xuli polysilicon project: On October 25, 2007, Suqian Xuli Solar Co., Ltd. was approved for establishment. The total investment and registered capital amounted to 29.9 million US dollars; the project was built entirely by Mauritius Titan Solar Technology Holding Co., Ltd., and it is primarily engaged in the production and sale of polysilicon. (6) Wuxi Zhongcai Polysilicon Project: In 2006, Wuxi Zhongcai Group established Wuxi Zhongcai Technology Co., Ltd. to invest in the construction of a new facility capable of producing 300 tons per year of solar-grade polysilicon. & \3 v; Hubei Province: (1) The investors in the polysilicon project at Shennan Glass Yichang are Nanbo, **Huayi Co., Ltd., and Yichang Liyuan Technology Development Co., Ltd. The project is planned to cover an area of 1,500 mu, with a total capacity to produce 5,000 tons of high-purity polysilicon and 450 megawatts worth of solar cell modules per year; the total investment amount is approximately 6 billion RMB. The goal for Phase 1 of the project is to produce 1,500 tons of high-purity polysilicon per year, with completion planned within two years. The project was jointly designed by the Russian **Institute of Rare Metals Research and Design and China’s Chengda Engineering Company. @# Y8 b# Heilongjiang Province: The Mudanjiang polysilicon project, designated as “i6 q5”, is a facility with an annual production capacity of 3,000 tons of polysilicon; it was funded by 2.5 billion yuan jointly by Shanghai Industrial Investment Group, Industrial Group, Building Materials Group, and other entities. Construction of the project began in 2007, and it reached full capacity and operational efficiency 3 years later. 6 U8 L9 m, {% m1 q2 X Hunan Province) A0 z2 \9 `1 B9 Q- (1) The Yiyang Jingxin Polysilicon Project was invested in and built by Shanghai Guozhijie Development Co., Ltd.; the total investment in this project amounts to around 3 billion yuan. It has an annual production capacity of 5,000 tons of polysilicon and 2,000 tons of monocrystalline silicon, as well as supporting facilities for the solar photovoltaic industry chain in the mid- and downstream stages. (2) The Yiyang Xiangtou polysilicon project is invested and constructed by Hunan Xiangtou Holding Group, with an annual production capacity of 1,500 tons of polysilicon; it is planned to be built in the expanded area of Yiyang High-Tech Zone. On January 22, 2008, Hunan Xiangtou Holding Group Co., Ltd.’s “1,500-ton per year polycrystalline silicon production project” passed the expert review in Changsha. & X6 U: U, V’ r0 J+ D) q 　Henan Province# K e& m# (1) The Luoyang Zhongsi Polysilicon Project is one of the most competitive polysilicon projects in China at present. Zhongsi High-Tech Co., Ltd. is a joint venture established at the beginning of 2003 by Luoyang Monocrystalline Silicon Co., Ltd., Luoyang Jinfeng Electrochemical Co., Ltd., and the China Nonferrous Metals Engineering Design and Research Institute. Among them, the China Nonferrous Metals Engineering Design and Research Institute possesses numerous scientific and technological achievements and is at the forefront of international research on polysilicon processing technology. Luoyang Monocrystalline Silicon Co., Ltd. is the largest manufacturer of semiconductor materials in China (coded 740; together with Emei Semiconductor Factory coded 739, it is regarded as the \"Huangpu Military Academy\" of polysilicon production in China), while Jinfeng Electrochemical Co., Ltd. is a relatively strong enterprise in the local area. At present, the 300-ton polysilicon project has reached its full production capacity, while the expansion project for a 1,000-ton polysilicon high-tech industrialization facility has largely completed equipment installation and is now in the stage of individual unit testing. On December 18, 2007, the foundation-laying ceremony for the expansion project of Luoyang Zhongsi High-Tech, aimed at increasing its annual polycrystalline silicon production capacity to 2,000 tons, was held. The Luoyang Zhongsi High-Tech project, with an annual production capacity of 2,000 tons of polysilicon, is a key project supported by Henan Province and Luoyang City during the 11th Five-Year Plan period. The research on its core equipment is part of the **\"863\" Science and Technology Support Program; the total investment in this project is 1.4 billion yuan, with completion and operation planned for 2008. 　(2) The Nanyang Xuntianyu polysilicon project utilizes the physical purification technology for polysilicon production, which was developed by the Shanghai Institute of Technical Physics, Chinese Academy of Sciences. The total investment in this project is 1.7 billion yuan, with an annual production capacity of 6,000 tons of polysilicon suitable for use in solar cells. The first phase of the project, which has an annual output of 1,000 tons of 4N-5N grade polysilicon for solar cell applications, has been completed. 3 n+ l# In Shandong Province, the Sinosteel Technology Development Co., Ltd., which serves as the R&D center of the Sinosteel Group, plans to invest in building a polysilicon production facility with a capacity of 15,000 tons in Jiaxiang County, Jining City. On April 7, 2006, the groundbreaking ceremony for what is considered Asia’s largest polysilicon project was held in the Nanhaizi Industrial Park in Qujing City, for the Aixinjiadu Polysilicon Project in Yunnan Province. This project was invested and built by Yunnan Aixin Silicon Technology Co., Ltd., with a total investment of 10 billion yuan. The first phase of the project involved an investment of 2.5 billion yuan, and once it is operational, it will be able to produce 3,000 tons of polysilicon per year; within three years, the production capacity is expected to reach 10,000 tons per year. 0 n2 P% P$ A9 N- The total planned investment for the Tianhong Polysilicon project in Xianyang, Shaanxi Province, is 3.7 billion yuan; the project aims to produce 3,750 tons of polysilicon per year. In the initial phase, a production line capable of manufacturing 1,250 tons of microelectronics-grade polysilicon per year will be built, with a construction period of 248 months. 3 D( L9 U! K/ B$ w1/ L* Hebei Province/S+ The Tangshan polycrystalline project is jointly developed by four companies: Jidong Cement (19.40,-0.48,-2.41%), Fengmi Technology, Baoye Group, and Jidong Chlor-alkali, with a total investment of 700 million yuan; the project covers an area of 500 mu. An annual production capacity of 1,000 tons of electronic-grade and solar-grade polysilicon. # xx&p: The Jinzhou Linghai polysilicon project in Liaoning Province will establish a R&D center in partnership with the Russian Institute of Rare Metals. The total investment for the first phase of this project is 1.15 billion yuan, and once it comes online by the end of 2008, the annual production capacity will be 1,000 tons. ' R” j3 v( Chongqing 6 B; the Wanzhou Daquan polysilicon project held its groundbreaking ceremony on June 27, 2007. The total investment in this project is 4 billion yuan, with a production capacity of 6,000 tons. According to the plan, the Daquan polysilicon project is set to go into operation in June 2008, with an annual production capacity of 3,000 tons; this capacity is expected to rise to 6,000 tons in 2009. 　Fujian Province – @4 K: In December 2006, five high-purity silicon production projects and a high-purity silicon rod manufacturing project, with an investment of 28 million yuan, were established in Beituan Town of Liancheng County, thanks to funding from Xiamen. These projects were brought to life in Liancheng County, Fujian. - e: l Qinghai Province’s Asia Silicon Industry polycrystalline silicon project has a total production capacity of 6,000 tons of polycrystalline silicon per year; the first phase of this project has an annual production capacity of 1,000 tons of polycrystalline silicon. 7 r( f- ~( @" D6 }, A2 m" V The investor in the Ningxia Sunlight Polysilicon Project is Jiangsu Sunlight Co., Ltd. (12.49,-0.26,-2.04%), and the project is located in Shizuishan City, within the Ningxia Autonomous Region. The construction of this project is expected to be completed by the end of 2008. This project has an annual production capacity of 4,000 tons of polysilicon, with the initial phase enabling an annual output of 1,000 tons of polysilicon. 　　Inner Mongolia: The first phase of the Hohhot Shenzhou polysilicon project is capable of producing 1,500 tons of polysilicon per year. This project is jointly funded by entities such as Shanghai Aerospace Industry Corporation, which is part of the China Aerospace Science and Technology Corporation (15.70,-1.18,-6.99%). Phase 1 is scheduled to be completed by the end of December 2008, with trial production starting in early 2009. The technology for the project was introduced from Russia. & p: J7 @ 2) The total investment in the Baotou Zhongjing polysilicon project is 1.23 billion yuan; the first phase is expected to be completed and put into operation in the first quarter of 2008, with a design capacity to produce 32.4 million monocrystalline silicon wafers. The completion of all works is expected by the end of 2010, with a design capacity to produce 1,200 tons of solar-grade polysilicon. (3) The Datong Polysilicon Project in Tuokto County is invested and constructed through a partnership between Nanjing Datong Investment Group and international companies such as PPP, Scc, and Xitu, with a total investment of 18 billion yuan; the project’s production capacity is 18,000 tons of polysilicon per year. The project will be constructed in three phases; the first phase is planned to require an investment of 2.6 billion yuan, with an annual production capacity of 2,500 tons of polysilicon. 　　The 6 H% # D (1) Meishan Beijing Shunda Polysilicon Project is a joint venture among shareholders such as Beijing Taiwantong International, Beijing Jinqi New Technology, Beijing Shunda Xinye Energy Technology, and a **branch of Great Wall Assets**. It plans to invest in the construction of a polysilicon production line with a capacity of 3,000 tons in the Meishan Aluminum Industry Development Zone. /(2) The Meishan Zunmark polysilicon project is jointly invested by Green Energy (UK) Investment Co., Ltd. and Chengdu Gaofei Industrial Co., Ltd.; it has an annual production capacity of 5,000 tons of polysilicon, with a total investment in fixed assets amounting to 1 billion US dollars. Phase 1 involves a polysilicon production facility with an annual capacity of 1,500 tons; Phase 2 includes a polysilicon plant with an annual capacity of 3,500 tons and a monocrystalline silicon plant with an annual capacity of 2,000 tons; Phase 3 entails a facility for producing 20 million monocrystalline wafers per year, as well as solar products. 6 H& K/ S% Q) 3) The polysilicon project at Dongqi Emei Semiconductor Materials Factory is divided into two parts. In the first part, 490 million yuan was invested to build a production line capable of producing 500 tons of circuit-grade polysilicon per year within the existing Emei factory complex; operation of this line is expected to begin by the end of March 2008 ； In the second phase, 3.6 billion yuan will be invested to build a polysilicon project with a capacity of 1,500 tons in Xiba Town, Wutongqiao District, Leshan City, as well as a photovoltaic industry project in Emeishan City. The 1,500-ton electronic-grade polysilicon production line for the first phase of the Xinjin Chuailei Polysilicon Project was constructed starting in July 2007, and it came online at the end of 2008. Within 5 years, the company will also invest an additional 3.8 billion yuan to build a production line for 3,500 tons of solar polysilicon. I (5) Tongwei Polysilicon Project: The first phase of this project is located in Zhugen Town, Wutongqiao District, Leshan City, Sichuan Province, with a production capacity of 1,000 tons per year. At the end of June 2009, an additional 3,000-ton production line was built in Wutongqiao, Leshan, and two more 3,000-ton production lines were added in Jianwei, Leshan. ! S; Q7 K, i7 T#　(6) Since the polysilicon production facility of Sinoglow Silicon started operating successfully on February 26 last year, Sinoglow Silicon’s polysilicon production volume in 2007 reached 230 tons, exceeding the previous forecast of 200 tons. For 2008, the company expects to produce 800 tons of polysilicon. In addition, Xinguang Silicon Industry plans to build new polysilicon plants with an annual production capacity of 3,000 tons each in Xinjin County of Chengdu City and Leshan City in Sichuan Province.