GCL Technology plans to build facilities for producing 100,000 tons of granular silicon and 150,000 tons of high-purity nanosilicon

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On September 26, GCL Technology (HK:03800) issued a announcement stating that it plans to build facilities for the production of 100,000 tons of granular silicon and 150,000 tons of high-purity nanosilicon in Wuhai, Inner Mongolia, along with related projects for green energy supply. As one of the world’s leading silicon material manufacturers, GCL Technology has secured numerous large-scale orders for silicon materials thanks to its granular silicon technology, which offers advantages such as low energy consumption, reduced investment requirements, a shorter production process, greater opportunities for cost reduction, and lower carbon emissions. Since 2021, the company has entered into long-term sales contracts with companies such as Shangji CNC, JA Solar, TCL Green Energy, LONGi Green Energy, Shuangliang Energy Saving, and Aikang Technology. The total volume of sales under these contracts amounts to 814,300 tons, with a contract value exceeding 220 billion yuan. The company states that once the Wuhai project is completed, its annual production capacity for granular silicon and high-purity nanosilicon will increase from 400,000 tons and 150,000 tons respectively to 500,000 tons and 300,000 tons, enabling it to meet the growing demand for these materials. According to the information disclosed in the company’s interim report for 2022, granular silicon has now officially entered the stage of modular mass production. Among them, the company’s Xuzhou facility’s world’s first 20,000-ton production unit for granular silicon began operating at full capacity in the first quarter, while the additional 30,000-ton production capacity for granular silicon was also put into operation successfully in the second quarter ； The 100,000-ton per year granular silicon production facility at the Leshan plant – the world’s first of its kind to be built and operated using a design approach based on systematization, standardization, digitalization, integration, intelligence, and modularity – officially commenced operations in July. Zhu Gongshan, the company’s chairman, said that on the lucrative track of the photovoltaic industry chain, cleaner energy supply is crucial, while the material revolution, which enables lower costs for photovoltaic power, is the key to that success. The use of granular silicon can significantly reduce production energy consumption and carbon emissions; it is the silicon-based material required for true photovoltaic \"green electricity,\" and it fits perfectly with the trend toward a era of low-cost green energy.