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Solvay and Huatai Link in Hydrogen Peroxide JV in China
3:50 AM MDT | October 9, 2009 | Natasha Alperowicz
Solvay and the Huatai Group (Dongying City, China) have joined forces to establish a hydrogen peroxide (H2O2) production joint venture in China. The 50-50 jv, Shandong Huatai Interox Chemical Co., will build a 50,000-m.t./year H2O2 plant at a brown field site at Dongying, Shandong Province by the end of 2011. Total investment cost has been put at "less than €20 million ($29.4 million)". The jv agreement was signed in Brussels in the presence of Xi Jinping, vice president of the People's Republic of China. Huatai, the largest...
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