OCI Holdings expands solar power generation business in Malaysia

OCI Holdings Chairman Lee Woo-hyun (front row center) will sign a memorandum of understanding with the Malaysian central government at the 2024 KL20 Summit to be held in Kuala Lumpur on April 22nd.

On April 23, OCI Holdings signed a memorandum of understanding (MOU) regarding investment cooperation with the Malaysian central government at the global investment attraction event “KL20 Summit 2024” to be held in Kuala Lumpur, Malaysia, and will begin full-scale solar power generation business. announced that it would expand to , which kicked off on April 22nd.

KL20 Summit 2024 is Malaysia’s largest foreign investment attraction event. The event, held on April 22 and 23, was attended by more than 3,000 people, including Prime Minister Anwar Ibrahim and other leading politicians, officials from global conglomerates, startup founders and investors.

Through this agreement, OCI Holdings can expect a stable supply of new electricity, which is essential for expanding the use of polysilicon for solar power generation, as well as active mutual cooperation with the Malaysian government for future business diversification.

In February, OCI Holdings announced that it would invest approximately 850 billion won to expand the solar cell polysilicon production capacity of its Malaysian subsidiary OCIM from 35,000 tons to 56,600 tons by 2027, and plans to expand the project in stages. We are promoting it.

Located in Sarawak, Malaysia, OCIM produces 35,000 tons of solar polysilicon annually and supplies solar polysilicon to the global market.

Related Article


Leave a Comment