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在线翻译:
szdaily -> Markets -> 
Xinte plans huge plant to meet soaring demand
    2021-02-11  08:53    Shenzhen Daily

ONE of the world’s largest producers of the key raw material for solar panels is planning a massive expansion amid surging demand for clean energy.

Xinte Energy Co. will build a polysilicon project able to produce about a third of current global production in Inner Mongolia. The Hong Kong-listed company’s shares have more than quadrupled since mid-December on the back of demand for the super-conductive material that transmits electrons excited by photons of light, generating electricity.

China’s climate push, along with a return to clean energy zeal in the United States, mean demand for solar panels may create a shortage of polysilicon this year, according to Daiwa Capital Markets.

Other makers have also seen their shares surge and announced separate plans to expand production.

Phase 1 of the project will have a capacity of 100,000 tons and is expected to cost 8 billion yuan (US$1.24 billion).

Construction will start after confirming a location and securing approvals, and operations will begin within 18 to 24 months after building commences, Xinte said.

The remaining 100,000 tons of capacity will be built in Phase 2, with no time-table specified. The size of the plant represents about 36 percent of this year’s expected global production, according to BOCI Research Ltd.

The expansion also comes amid increased scrutiny on solar’s supply chain in China’s Xinjiang region, where Xinte operates the world’s largest polysilicon factory. (SD-Agencies)

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