Zero carbon green integrated energy solutions provider Shuangliang Eco-Energy announced on November 25 that the company planned to sign a 50 GW large size monocrystalline silicon pulling project with the management committee of Baotou Rare Earth High-tech Industrial Development Zone, with a total investment of RMB 10.5 billion yuan and a construction period of two years. The investment and operation will be conducted by local project company Shuangliang Silicon New Materials (Baotou) Co., Ltd.
According to the announcement, the purpose of this investment is to further expand the PV monocrystalline silicon production capacity and strengthen the silicon link on the basis of the original Baotou 40 GW silicon project by virtue of rich industry experience and technology accumulation. It will further implement the overall planning of the company in the new energy industry and lay a foundation for the rapid development of the company’s photovoltaic new energy business.
Shuangliang was founded in 1982 and listed on the Shanghai Stock Exchange in 2003. In the early development of the company, the company’s main business mainly included the manufacturing of bromine coolers, air coolers, heat exchangers in high-end air separation fields and other products in the industrial field.
By the end of 2021, the polysilicon reduction furnace system made by the company has maintained a domestic market share of more than 65%, the leader of peer companies.
