SEOUL: Chemical company, OCI Holdings reaffirms its commitment to expanding production capabilities in Sarawak, with a potential reinvestment of RM3.1 billion in polysilicon for photovoltaic applications and expected to create 400 jobs.
Deputy Premier Datuk Amar Awang Tengah Ali Hasan disclosed this when leading a Sarawak delegation to a meeting with OCI Holdings in Seoul, South Korea on July 31.
“OCI Holdings, a renowned global chemical company, specialises in the production of polycrystalline silicon, hydrogen peroxide, and other chemical-related materials.
“In 2017, OCI Malaysia Sdn Bhd (OCIM) acquired full ownership of a polysilicon production facility in Malaysia from Tokuyama. To date, OCIM has invested over RM8 billion in Sarawak, catering to the solar industry’s polysilicon needs,” Awang Tengah said in a press statement.
The company’s growth plans include diversifying and expanding its chemical materials production in Sarawak. This includes joint ventures with Kumho and Tokuyama to produce Epichlorohydrin and Semiconductor Grade Polysilicon, respectively, with combined investments exceeding RM3.2 billion.
Meanwhile, chairman of OCI Holdings, Lee Woo Hyun expressed the company’s keen interest in exploring further investments in power development, particularly in renewable energy, through its subsidiary OCI Energy.
With a robust global presence, OCI is a major player in renewable energy and energy storage systems (ESS). Currently, OCI Energy stands as the largest independent solar developer in Texas, the United States.
Awang Tengah welcomed Lee’s proposals, highlighting Sarawak’s commitment to becoming a leader in green energy.
“This collaboration in green power development is poised to enhance Sarawak’s energy security while promoting sustainable economic growth and environmental stewardship,” he said.
