Indonesia to Develop US$4 Bln Polysilicon Industry for Solar Panel

By Editorial Team 26/01/2022
polysilicone
Summary

Indonesia will establish a US$4 billion polysilicon industry amid efforts to boost solar panel production. Two plants are already in progress as a result of a collaboration between potential investors and domestic firms, Bloomberg reported, citing Septian Hario Seto, a deputy for mining and investment at the Coordinating Ministry for Maritime Affairs and Investment. 

The first plant, worth US$800 million, will be located in Batang, Central Java. It is set to open in the third quarter of 2022 and has an estimated 40,000 tons of polysilicon production in its preliminary phase. The second plant has an accumulated worth of US$3.2 billion and is set to open in North Kalimantan with an estimated production of 160,000 tons of polysilicon.

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