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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

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