The International Finance Corporation (IFC) is lending up to $125 million for a semiconductor-grade polysilicon manufacturing facility in Malaysia.
The loan is provided to OCI TerraSus Sdn. Bhd., a subsidiary of Korean polysilicon producer OCIfor its polysilicon plant under development through a joint venture with Japanese chemical company Tokuyama Corporation.
Construction of the facility, located in the Samalaju Industrial Park in Sarawak, Borneo, started last July. Previous reports estimated the planned capacity of the facility at 10,000 tonnes, with the total investment expected to be $435 million.
The facility, billed as the first of its kind in Southeast Asia, will be powered by renewable energy and produce raw materials for silicon wafers and semiconductor chips. “As demand for semiconductors and artificial intelligence grows, the importance of high-purity materials will continue to increase,” said OCI TerraSus Chairman Lee Woo Hyun.
IFC loaned out last August $250 million to a 100,000-ton polysilicon plant in Oman. The project financial closure is reached in January, allowing production to begin in the first quarter of this year.
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