Solvay signs license agreement for hydrogen peroxide megaplant in China

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Solvay signs license agreement for hydrogen peroxide megaplant in China

(IN BRIEF) Solvay, a global leader in specialty chemicals, has signed a license agreement with Guangxi Chlor-Alkali Chemical (GHCAC) to support the construction of a hydrogen peroxide megaplant at Qinzhou in China. The megaplant will complement GHCAC’s existing propylene oxide production and other units on site. Solvay will provide its high-productivity hydrogen peroxide technology, a comprehensive process design package, and operating expertise, as well as supplying GHCAC with proprietary 2-amylanthraquinone (AQ). The agreement also stipulates that Solvay will have a hydrogen peroxide offtake after the megaplant starts up, which will support the strategic growth of Solvay’s hydrogen peroxide business in China.

(PRESS RELEASE) BRUSSELS, 26-Apr-2023 — /EuropaWire/ — Solvay (EBR:SOLB), a Belgian-French multinational chemical company established in 1863, has announced a license agreement with Guangxi Chlor-Alkali Chemical (GHCAC) to support the construction and operation of a hydrogen peroxide megaplant at Qinzhou (Guangxi Zhuang Autonomous Region), designed to complement its existing 300 kilotons propylene oxide (PO) production and other units on site.

Under the agreement, Solvay will provide GHCAC with its high-productivity hydrogen peroxide technology, a comprehensive process design package, and operating expertise. Additionally, Solvay will supply GHCAC with proprietary 2-amylanthraquinone (AQ), a key chemical that contributes to the high productivity and environmentally-friendly chemical processes of Solvay’s megaplant technology.

Furthermore, the agreement stipulates that Solvay will have a hydrogen peroxide offtake after the megaplant starts up, which will support the strategic growth of Solvay’s hydrogen peroxide business in China, particularly in the southern area.

Propylene oxide is a versatile chemical intermediate used in a wide range of materials across various industrial and commercial market segments, including polyurethanes, propylene glycol ethers, and propoxylated organic specialty compounds.

Guangxi Chlor-Alkali Chemical Co., Ltd., a joint venture between Shanghai Chlor-Alkali Chemical Co., Ltd. and their parent corporation, Shanghai Huayi Group Co., Ltd., will lead the construction and operation of the hydrogen peroxide megaplant.

Solvay is committed to enabling sustainable solutions to customers and industries worldwide, and this license agreement marks another step in that direction.

Media contact:

Peter Boelaert
Media Relations Manager
https://www.linkedin.com/in/peter-boelaert-88757b19/
Tel.: +32 479 30 91 59

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Tel.: +1 609 860 4608

About Solvay

Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 22,000 employees in 61 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet roadmap crafted around three pillars: protecting the climate, preserving resources and fostering a better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities and delivered net sales of €13.4 billion in 2022. Solvay is listed on Euronext Brussels and Paris (SOLB). Learn more at www.solvay.com.

About GHCAC

Located in Qinzhou, Guangxi Zhuang Autonomous Region, Guangxi Huayi Chlor-Alkali Chemical Co., Ltd. (GHCAC) is a joint venture company between Shanghai Huayi Group Corporation, Ltd and Shanghai Chlor-Alkali Chemical Co., Ltd. Shanghai Huayi Group is a chemical corporation with more than 20 wholly-owned or partially owned subsidiaries in energy chemical industry, advanced materials, green tires, fine chemical industry and chemical services. The group has nearly 40,000 employees and is also a parent company of several JVs with international partners. Shanghai Chlor-Alkali Chemical Co., Ltd. is a leading producer and supplier of chlor-alkali products in China, including mainly caustic soda, chlorine as well as polyvinyl chloride resins and related products.

SOURCE: Solvay

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