Home / Knowledge / News / Textiles / Solvay-Huatai H2O2 plant to produce for growing Chinese market
Solvay-Huatai H2O2 plant to produce for growing Chinese market
09
Oct '09
Solvay announces 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.

The joint-venture agreement was signed at a ceremony presided over by Mr. Xi Jinping, Vice President of the People's Republic of China, in Brussels, Belgium. China is the largest market in the world for Hydrogen Peroxide and is expected to continue to grow strongly. Solvay is the global leader in the Hydrogen Peroxide industry and 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.

“This investment will make it possible to competitively participate in this important market with a strong partner who brings good integration, both upstream and downstream, and with good support from the authorities in Dongying,” says Mr. Mignonat, General Manager of the Strategic Business Unit Peroxides at Solvay. “In addition, we will be able to better serve our existing customers for our specialty products in China.” “It is our great pleasure to collaborate with Solvay, a world famous company with advanced technology and management.The collaboration between both parties will foster a strong alliance between them, which have complementary strengths. We will jointly develop a hydrogen peroxide company with advanced technology and applications”, says Mr. Li Jianhua, President of Huatai Group.

Solvay S.A


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search