2008 Deep Research Report on China Solar Grade Polysilicon Industry - Market Research Reports

Contents:

Chapter One Polysilicon Industry Overview 1
1.1 Definition of Polysilicon 1
1.2 Classification and Application 4
1.3 Industry Chain Structure 7
1.4 Difference between Multi-crystal and Single-crystal silicon 12

Chapter Two Manufacture Technology and Processes of Polysilicon 17
2.1 Polyslicon Manufacturing Technology Overview 17
2.1.1 Classification and Application of Manufacturing Technology 17
2.1.2 Manufacturing Technology by Manufacturer 21
2.2 Polysilicon Manufacturing Process 30
2.3 Single-crystalline & Multicrystalline Silicon Manufacturing Process 42
2.4 Process of Wafer Manufacturing 54

Chapter Three Polysilicon Productions Supply Sales Demand Market Status and Forecast 2008-2012 62
3.1 Polysilicon Productions Overview 62
3.1.1 Traditional 7 Giants Productions 62
3.1.2 EU USA Japan Korea New Polysilicon Projects Productions 63
3.1.3 China Polysiclion Projects Productions 64
3.1.4 Global Polysilicon Productions 65
3.1.5 Global Electronic Grade (EG) Polysilicon Productions 66
3.1.6 Global Solar Grade (SG) Polysilicon Productions 67
3.2 Polysilicon Demand Overview 69
3.2.1 Solar Cell Productions Overview 69
3.2.2 Global SG Polysilicon Demand Overview 75
3.2.3 Global EG Polysilicon Demand Overview 75
3.2.4 Supply and Demand of Global Polysilicon 76
3.3 Cost Price and Margin 79

Chapter Four Global TOP7 Polysilicon Manufactuers 80
4.1 Hemlock(USA Michigan) 81
4.2 Wacker Chemie(German Burghausen) 86
4.3 REC(AsiMI+SGS)(Norway Oslo) 101
4.3.1 REC(AsiMI)(USA Montana) 108
4.3.2 REC(SGS)(USA Washington) 109
4.4 MEMC ElectronicMaterials(USA) 110
4.4.1 MEMC(USA Texas) 115
4.4.2 MEMC(Italy Merano) 116
4.5 Tokuyama(Japan Shunan) 117
4.6 Mitsubishi Materials(Japan Tokyo) 126
4.6.1 Mitsubishi Materials(Japan Yokkaichi) 129
4.6.2 Mitsubishi Polucrystalline Materials(USA Alabama) 130
4.7 OSAKA Titanium(Japan Hyogo)[Sumitomo Titanium] 132

Chapter Five China Top3 Polysilicon Manufacturers 139
5.1 Luoyang Zhonggui(Henan Luoyang City) 141
5.2 Xinguang Guiye(Sichuan Leshan City) 147
5.3 Emei Semiconductor Materials Plant(Sichuan Emeishan City) 158

Chapter Six International Building or Planning Polysilicon Projects 163
6.1 DC Chemical(Korea Gunsan) 167
6.2 M.SETEK(Japan Soma) 173
6.3 Hoku Materials(USA Idaho) 181
6.4 Nitol Solar(Russia Irkutsk, Siberia) 189
6.5 JFE(Consolidation of NKK and Kawasaki)(Japan) 193
6.6 JSSI(German Rheinfelden) 195
6.7 ELKEM(Norway Oslo) 197
6.8 Crystal Systems(USA Massachusetts) 199
6.9 Isofotón and Endesa(Spain Málaga) 201
6.10 France Photon Power Technologies etc(France Saint Aubain) 202
6.11 NS Solar Material(Japan Fukuoka) 206
6.12 ?????–?????????? ???????? (???)(Russia Zheleznogorsk) 207
6.13 Sharp(Japan Toyama) 209
6.14 German Solarvalue AG(Slovenia Ruse) 210
6.15 Dow Corning(Brazil PV 1101 Plant) 213
6.16 Prime Solar(Australia)[German Thalheim] 215
6.17 Scheuten SolarWorld Solizium(German Saxony) 217
6.18 Becancour Silicon(Canada Quebec) 220
6.19 ARISE Technologies(Canada Waterloo) 222
6.20 Other Polysilicon Projects(Russia Ukraine US etc) 223

Chapter Seven China Building or Planning Polysilicon Projects 224
7.1 LDK(Jiangxi Xinyu City) 227
7.2 Asia Silicon(Qinghai Xining City) 230
7.3 Tongwei and Juxing[Yongxiang Polysilicon](Sichuan Leshan City) 236
7.4 Jiangsu Shunda(Jiangsu Yangzhou City) 240
7.5 Shenzhou Silicon(Inner Mongolia Huhhot) 243
7.6 Jiangsu Zhongneng(Jiangsu Xuzhou City) 246
7.7 Shenzhen Nanbo(Hubei Yichang City) 248
7.8 Ningxia Yangguang(Ningxia Shizuishan City) 251
7.9 Chaolei Guiye(Sichuan Chengdu City) 253
7.10 Aixin Silicon(Yunnan Qujin City) 258
7.11 Shanxi Tianhong Silicon(Shanxi Xianyang City) 262
7.12 Dalu Polysilicon Project(Inner Mongolia Huhhot) 263
7.13 Zhongjing Huaye Solar Polysilicon(Inner Mongolia Baotou) 265
7.14 Tangshan Silicon(Hebei Tangshan City) 266
7.15 Xuntianyu S&T(henan Nanyang Fangcheng) 268
7.16 Dawu Silicon Photovoltaic Industry Park(Hebei Xiaohuo Dawu) 271
7.17 Jinhua Smelting(Liaoning Jinzhou Linghai) 276
7.18 Jiangsu Daquan Group(Chongqing Wanzhou) 279
7.19 Trina Solar(Jiangsu Lianyungang) 280
7.20 Erdos(ErdosQipanjing) 281
7.21 JACO Solar(Fujian Xiamen) 281
7.22 other Projects 283
7.22.1 Beijing Shunda Xinye Energy etc(Sichuan Meishan City) 284
7.22.2 Green Energy(UK)Investment etc(Sichuan Meisha City) 284
7.22.3 Shanghai Industry Investment Group(Heilongjiang Mudanjiang City) 284
7.22.4 Other Planning Projects(Liaoning Inner Mongolia etc) 285

Chapter Eight Global Polysilicon Supply Chain Research 286
8.1 EG Polysilicon Supply System 290
8.2 SG Polysilicon Supply System 291

Chapter Nine Feasibility Analysis of China New Polysilicon Projects 292
9.1 Potential Technology Source 292
9.2 SWOT Analysis of Polysilicon Projects in China 295

Chapter Ten Polysilicon research summaries 296

Tables and Figures:

Figure Rod and Nugget form Polysilicon Pictures 3
Table Difference of EG and SG poly silicon 4
Table MG/SG/EG silicon purity and 2007 average selling price(USD/Kg) 6
Figure Industry Chain Structure of Polysilicon 7
Figure Polysilicon Manufacturing Process Flow(Sand—Polysilicon) 8
Figure Polysilicon Industry Chain Structure(Upstream raw materials and downstream applications) 9
Table Global MG silicon production and ASP(USD/Kg) 11
Table Difference between single and multi-crystal silicon 12
Table Difference between Single-Crystal Silicon Solar Cell and Multi-crystal Silicon Solar Cell 15
Table 2007 Productions of Global Different Technology and Their Market Share 18
Table Difference between Improvement Siemens Method, Sliane Decomposition Method, Fluidized-Bed Method Polysilicon Manufacturing Technology 19
Table, Comparative analysis of solar grade polysilicon manufacturing processes and principles of metallurgy process, gas-liquid deposition and purification for heavily-doped silicon waste 20
Table Global 14 Vendors 2007 Polysilicon Shipment (Ton) and Their Technology 21
Table Global 7giants Polysilicon Manufacturing Processes and Their Chemical Equations 24
Table Some Polysilicon Manufacturers Manufacturing Processes and their Product Form 25
Table Several SG silicon new manufacturing process and developers 25
Table Global Traditional 7 Polysilicon Giants Key Polysilicon Manufacturing Process 26
Figure JFE(Consolidation of NKK and Kawasaki) Metallurgical Method(Physical Purity Method) Process Flow 27
Figure Defference between JFE(Consolidation of NKK and Kawasaki)Metallurgical Method(Physical Purity Method) and Siemens Method 28
Table China 3 Polysilicon Vendor Manufacturing Technology and Their Capacity 28
Table Process Flow o Siemens Method 30
Figue MG Silicon Manufacturing Process 35
Figure MG Silicon Manufacturing Process Structure 36
Figure Manufacturing Process Flow of Siemens Method 37
Figure Siemens Reactor Reaction Process 38
Figure Siemens Method Process Flow 39
Figure Silicon Reductor Process Principle 40
Figure Wafer-IC Chip Manufacturing Process Flow 40
Figure CZ crystal Pulling Furnace Process Flow and Structure 42
Figure Process of Single Crystal Silicon-CZ Method 44
Figure Process of Single Crystal Silicon-FZ Method 46
Table Comparison of the CZ and FZ Growth Methods 47
Figure Process of Multicrystalline Silicon Ingot-DSS 48
Figure Process of Electromagnetic Casting(EMC) Multicrystalline Silicon Ingot manufacturing 49
Figure Process of Solar Silicon Material –Polycrystal Casting Method 50
Table Technological Characteristics Comparison of Growth Methods (DSS/ FZ/CZ/EMC etc) 51
Figure Polycrystalline Silicon Ingot Product Characteristics 52
Figure Polysilicon-Multicrystalsilicon Wafer-Solar Cell Process Flow 53
Figure Wafer Wire Saws Equipment and Manufacturing Process 54
Table Wafer Inspection Related Items and Methods 56
Figure Process Flow of Polysilicon---Multicrystal Silicon Wafer 59
Figure Process Flow of Wafer---Solar Cell(180um) 60
Figure 2000-2007 Global Wafer Shipments(100 Million Square Inches)and Sales Revenue(100 Million USD) 60
Figure 2007 Global Polished/Epitaxial/Nonpolished wafer shipments(100 million Square Inches)and Market Share 61
Figure 2004-2012 Polysilicon Productions (Ton) and Growth Rate of Global Traditional 7 Polysilicon Giants 63
Figure 2007-2012 Polysilicon Production (Ton) and Growth Rate of EU USA Japan Korea New Polysilicon Projects 64
Figure 2004-2012 Polysilicon Production (Ton) and Growth Rate of China Polysilicon Projects 65
Table 2004-2012 Global Polysilicon Total Production(Ton) and Regional Production (Ton) 65
Figure 2004-2012 Global Polysilicon Productions (Ton) and Growth Rate 66
Table 2004-2012 Global EG Polysilicon Production (Ton) and Regional Production (Ton) 66
Figure 2004-2012 Global EG Polysilicon Productions (Ton) and Growth Rate 67
Table 2004-2012 Global SG Polysilicon Production (Ton) and Regional Production (Ton) 68
Figure 2004-2012 Global SG Polysilicon Productions (Ton) and Growth Rate 68
Table 2004-2012 Global Productions (GW) of Solar Cell/ c-Si Cell/ Non-c-Si Cell and ASP (USD/W) of Solar Module/PV System 69
Table EU and US Module Monthly Retail Price (EURO/W and USD/W) from Apr,2004-Jan,2008 69
Figure 2004-2012 Global Solar Cell/Module Productions(GW) and Growth Rate 71
Figure 2004-2012 Global C-Si Solar Cell/Module Productions(GW) and Growth Rate 71
Figure 2004-2012 Global Non-c-Si Solar Cell/Module Productions(GW) and Growth Rate 72
Table 2004-2012 Global SG Polysilicon Demand (Ton) and Growth Rate 75
Table 2004-2012 Global EG Polysilicon Demand (Ton) and Growth Rate 75
Table 2004-2012 Supply Demand and Shortage (Ton) of Global Polysilicon 76
Figure Scrap Silicon Proportion in the Process of EG Silicon---wafer---IC 78
Table 2002-2012 Supply Demand Shortage(Ton) of China Polysilicon 78
Table 2004-2012 Global EG SG Silicon Cost,ASP($/Kg),Gross Margin List 79
Table 2004-2012 China EG SG Silicon Cost,ASP($/Kg),Gross Margin List 79
Table 2004-2012 Global Traditional 7 Polysilicon Giants Polysilicon Productions (Ton) 80
Table 2004-2012 Global Traditional 7 Polysilicon Giants EG Polysilicon Productions (Ton) 80
Table 2004-2012 Global Traditional 7 Polysilicon Giants SG Polysilicon Productions (Ton) 81
Table Hemlock Company Information Table(Shareholders,Management Team,Products,Clients,Contacts etc 12 items) 82
Table 2005-2007 Hemlock Polysilicon Shipment (Ton) Revenue(M$) ASP($/Kg) 83
Table 2004-2012 Hemlock Polysilicon Capacity Production(Ton)and EG/SG Polysilicon Production 83
Figure 2004-2012 Hemlock Polysilicon Capacity Production(Ton)and Growth Rate 85
Table Wacker Chemie AG Polysilicon Company Information Table(Shareholders,Management Team,Products,Clients,Contacts etc 12 items) 86
Table 2005-2007 Wacker Polysilicon Shipment (Ton) Revenue(M$) ASP($/Kg) 87
Figure Wacker Burghausen Plant 3500Ton 4500Ton 7000Ton 650Ton Expansion Projects Schedule 88
Figure 2N-12N Polysilicon Ensures High Wafer Quality 92
Figure Wacker Trichlorosolane CVD Polysilicon Manufacturing Process 93
Figure Wacker HSiCL3 High Purity Silicon Chemistry 94
Figure Waker Bell Jar Type Reactor Polysilicon Manufacturing Process 94
Figure WAKER Stock Price(EURO) from Apr 10,2006-Dec 28,2007 95
Table Wacker Chemie AG Management Team and Background 95
Figure Wacker Group 2007Q3 Sales by Region(Million EURO),Changes YoY 98
Tables 2006Q1-2007Q4 Wacker Polysilicon Chemicals Siltronic Three Business Segments Revenue and Profit(Million EURO) 98
Table 2004-2012 Wacker Chemie AG Polysilicon Capacity Production(Ton)and EG/SG Polysilicon Production (Ton) 99
Figure 2004-2012 Wacker Polysilicon Capacity Production(Ton)and Growth Rate 99
Table 2006Q3-2007Q3 China LDK Wafer Gross Margin 100
Table REC Polysilicon Company Information Table (Shareholders,Management Team,Products,Clients,Contacts etc 12 items) 101
Figure REC Stock Price(NOK) from May 8,2006-Dec 27,2007 104
Table 2004-2012 REC Silicon Polysilicon Production (Ton) and EG/SG Production (Ton) 104
Figure 2004-2012 REC Silicon Polysilicon Capacity Production(Ton)and Growth Rate 105
Table 2006Q1-2007Q4REC Silicon,Wafer,Solar Three Dept. Quartly Revenue (Million NOK) and Margin 105
Table 2006-2007 REC Polysilicon Shipment (Ton) Revenue(M$) ASP($/Kg) Gross Margin etc List 106
Table REC Polysilicon Mono-crystal Wafer Multi-crystal Wafer Solar Cell Solar Module 2007Q3 Shipment and Full Year Shipment 107
Table Stock Price Comparison of REC etc 8 Global Solar Manufacturers 107
Table 2006-2007 REC Percentage of In-house Polysilicon Sales 108
Table MEMC Electronic Materials Company Information Table (Shareholders,Management Team,Products,Clients,Contacts etc 12 items) 110
Table 2005-2007 MEMC Electronic Materials Polysilicon Shipment (Ton) Revenue (M$) ASP($/Kg) 112
Figure MEMC Stock Price from Jul 21,1995-Jan 2,2008 113
Table 2003-2007 MEMC Finance Data List 113
Table 2004-2012 MEMC ElectronicMaterials Polysilicon Capacity Production (Ton)and EG/SG Productions(Ton) 114
Figure 2004-2012 MEMC Polysilicon Capacity Production(Ton)and Growth Rate 115
Table Tokuyama Polysilicon Company Information Table (Shareholders, Management Team,Products,Clients,Contacts etc 12 items) 118
Table 2005-2007 Tokuyama Polysilicon Shipment (Ton) Revenue(M$) ASP($/Kg) 119
Figure Tokuyama Stock Price(Japan Yen) from Jan 31 2000- Jan 10,2008(Tokyo Stock Exchange) 120
Figure Tokuyama Progress of the Construction of a New 3000 Tons Polysilicon Plant 121
Table Tokuyama Group Management Team and Duty 122
Table Tokuyama Group 2007FY(Apr 1,2007-Mar 31,2008) Sale Revenue(Billion Japan Yen) by Business Dept. 123
Figure Tokuyama Diagram of production from silica stone to polycrystalline silicon and finished product 124
Table 2004-2012 Tokuyama Polysilicon Capacity Production(Ton)and EG/SG Productions(Ton) 124
Figure 2004-2012 Tokuyama Polysilicon Capacity Production(Ton)and Growth Rate 125
Table Mitsubishi Materials Polysilicon Company Information Table (Shareholders,Management Team,Products,Clients,Contacts etc 12 items) 126
Table 2005-2007 Mitsubishi Materials Polysilicon Shipment (Ton) Revenue(M$) ASP($/Kg) 127
Figure Mitsubishi Materials Stock Price(JPY) from Jan,2006-Jan 3,2008 128
Table 2004-2012 Mitsubishi Materials Polysilicon Capacity Production (Ton)and EG/SG Productions(Ton) 128
Figure 2004-2012 Mitsubishi Materials Polysilicon Capacity Production(Ton)and Growth Rate 129
Table Mitsubishi US Polysilicon Manufacturing Process 130
Table OSAKA Titanium (Sumitomo Titanium) Polysilicon Company Information Table (Shareholders,Management Team, Products, Clients, Contacts etc 12 items) 132
Table 2005-2007 Osaka Titanium Polysilicon Shipment (Ton) Revenue (M$) ASP($/Kg) 133
Figure OSAKA Titanium (Sumitomo Titanium) Stock Price from Jan 31,2006-Jan 11,2008(Tokyo Stock) 133
Table 2004-2012 OSAKA Titanium (Sumitomo Titanium) Polysilicon Capacity Production (Ton)and EG/SG Productions(Ton) 134
Figure 2004-2012 OSAKA Titanium (Sumitomo Titanium) Polysilicon Capacity Production(Ton)and Growth Rate 135
Figure Osaka Titanium Polysilicon Manufacturing Process 137
Table 2004-2012 China Top3 Polysilicon Production (Ton) 139
Table 2004-2012 China Top3 EG Polysilicon Production (Ton) 139
Table 2004-2012 China Top3 SG Polysilicon Production (Ton) 140
Table Luoyang Zhonggui Polysilicon Company Information Table (Shareholders,Management Team,Products,Clients,Contacts etc 12 items) 141
Table 2005-2007 Luoyang Zhonggui Polysilicon Production(Ton) Revenue (Million$) ASP($/Kg) 142