Solvay and Huatai to jointly build hydrogen peroxide plant in China
Hydrogen Peroxide plant will produce for growing Chinese market
Solvay announced that it has struck an agreement with Huatai Group of China to establish a hydrogen peroxide joint venture. The joint venture company, Shandong Huatai Interox Chemical Co Ltd, will build a Hydrogen Peroxide plant at Huatai’s new site in Dongying, Shandong Province, China, with an annual capacity of 50,000 metric tons per year. The plant is expected to be completed by the end of 2011.
China is the largest market in the world for Hydrogen Peroxide and is expected to continue to grow strongly. This project represents an opportunity for Solvay to establish an industrial and commercial presence in this important market with a strong partner. Huatai is producing Hydrogen Peroxide since many years, primarily for its internal consumption of its paper production processes, and this project increases security of supply for its growing needs.
The joint venture will not only serve Huatai, but also other Chinese industries requiring hydrogen peroxide (textile, chemicals, etc.). In addition, the joint venture will utilize Solvay’s leading technology for the production of high purity grades of Hydrogen Peroxide and Peracetic Acid. With such grades, Solvay has developed a leading position in aseptic grades for the food and packaging industry worldwide.
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