Xingfa Group Plans to Build an Industrial Silicon Project in Wuhai
2025-1-14
Recently, Xingfa Group issued an announcement stating that it agreed that its wholly-owned sub-subsidiary Inner Mongolia Xingfa Technology Co., Ltd. would invest 1.495 billion yuan to build a 100,000 - ton - per - year industrial silicon project. The project will be constructed in two phases. The first phase is expected to be completed and put into production in the first half of 2026, and the second phase is planned to be completed and put into production by the end of 2027. After the project is completed and reaches full production and efficiency, it is expected to achieve an annual sales revenue of 1.44 billion yuan and a net profit of 90.32 million yuan.
Xingfa Group stated that after years of development, the company has now formed an organic silicon monomer production capacity of 600,000 tons per year, a downstream deep - processing capacity of over 300,000 tons per year, and is equipped with an upstream industrial silicon production capacity of 60,000 tons per year and a silica ore production capacity of 1 million tons per year. As the main raw material for organic silicon, the current supporting production capacity of industrial silicon is seriously insufficient and cannot meet the development needs of the company¡äs organic silicon industry. The newly built 100,000 - ton - per - year industrial silicon project can enhance the company¡äs ability to ensure the supply of organic silicon raw materials, further exert the synergistic advantages of silica ore resources, and thus improve the operational efficiency of the integrated organic silicon upstream - downstream industry.
In the direct production cost of industrial silicon, electricity, clean coal and granular coal, and silica account for approximately 35%, 20%, and 15% respectively. The company said that the Wuhai area in Inner Mongolia is rich in coal, wind, and solar resources, and the electricity cost is relatively low. At the same time, Inner Mongolia Xingfa is investing in the construction of a photovoltaic power station near the park for the industrial silicon project. Coupled with the waste - heat boiler power - generation device supporting the industrial silicon project, the comprehensive electricity cost for the production of industrial silicon in the new project can be controlled within 0.35 yuan per kilowatt - hour, which has obvious advantages.
At the same time, the company also stated that Wuhai is close to high - quality clean coal and granular coal production areas such as Shizuishan in Ningxia and Shenmu in Shaanxi. The company¡äs self - owned silica ore resources in Gucheng, Hubei can also be transported to Wuhai by train. The logistics costs of clean coal, granular coal, and silica ore are relatively low.
Xingfa Group stated that after years of development, the company has now formed an organic silicon monomer production capacity of 600,000 tons per year, a downstream deep - processing capacity of over 300,000 tons per year, and is equipped with an upstream industrial silicon production capacity of 60,000 tons per year and a silica ore production capacity of 1 million tons per year. As the main raw material for organic silicon, the current supporting production capacity of industrial silicon is seriously insufficient and cannot meet the development needs of the company¡äs organic silicon industry. The newly built 100,000 - ton - per - year industrial silicon project can enhance the company¡äs ability to ensure the supply of organic silicon raw materials, further exert the synergistic advantages of silica ore resources, and thus improve the operational efficiency of the integrated organic silicon upstream - downstream industry.
In the direct production cost of industrial silicon, electricity, clean coal and granular coal, and silica account for approximately 35%, 20%, and 15% respectively. The company said that the Wuhai area in Inner Mongolia is rich in coal, wind, and solar resources, and the electricity cost is relatively low. At the same time, Inner Mongolia Xingfa is investing in the construction of a photovoltaic power station near the park for the industrial silicon project. Coupled with the waste - heat boiler power - generation device supporting the industrial silicon project, the comprehensive electricity cost for the production of industrial silicon in the new project can be controlled within 0.35 yuan per kilowatt - hour, which has obvious advantages.
At the same time, the company also stated that Wuhai is close to high - quality clean coal and granular coal production areas such as Shizuishan in Ningxia and Shenmu in Shaanxi. The company¡äs self - owned silica ore resources in Gucheng, Hubei can also be transported to Wuhai by train. The logistics costs of clean coal, granular coal, and silica ore are relatively low.