Innovation-led solar technology firm OCIM, a subsidiary of OCI Holdings, agreed on a long-term supplement in which OCIM will supply Cubic with high-quality, low-carbon, and U.S.-compliant silicon on Monday.
The chemical supplying firm said the eight-year contract, valued at $1 billion, establishes a commitment for a yearly supply volume by OCIM, outfitting Cubic with the polysilicon it requires to commence operations at its planned U.S. factory and this partnership eliminates the supply chain risk for Cubic’s customers by combining U.S. compliant silicon with American made wafers.
During the last six months, jointly with equipment validation and testing, Cubic has produced significant wafer volumes using OCIM silicon, all meeting or exceeding customer requirements the company added.
Frank van Mierlo, chief executive of CubicPV stated, “OCIM’s high-quality, U.S.-compliant silicon is in extremely high demand, and we are fortunate to lock in our supply with a trusted partner.”
Woo Hyun Lee, chairman of OCI Holdings stated, “OCIM’s global reach and leadership in green energy continues to grow, and we are delighted to name Cubic as our first U.S. customer and to play a role in their manufacturing success.”
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