Evonik and GACL initiate cooperation on multi-million project in India
Signature of Memorandum of Understanding on the construction of new production facilities for hydrogen peroxide and propylene oxide
Evonik Industries and the Indian chemical company Gujarat Alkalies and Chemicals Limited (GACL) are driving forward plans for a new multi-million project. At its heart is the construction of a new hydrogen peroxide production plant by Evonik and a propylene oxide facility by GACL. The aim is to produce propylene oxide using the environment-friendly HPPO (Hydrogen Peroxide to Propylene Oxide) process developed jointly by Evonik, Essen (Germany), and Uhde, Dortmund (Germany). Representatives of Evonik and GACL have now signed a Memorandum of Understanding on the proposed project in Dahej in the state of Gujurat (India). The project is contingent upon the approval of the Executive Board and Supervisory Board of Evonik Industries AG.
"India is one of the world’s most important growth markets and we want to increase our presence there. The government of Gujarat has created the right conditions in the chemical industry to welcome foreign investors. The proposed joint project with GACL could become a real landmark in Evonik's presence in India," stressed Dr. Thomas Haeberle of the Board of Management of Evonik Degussa GmbH.
The Memorandum of Understanding is expected to mark the start of a close and lasting collaboration between Evonik and GACL, which intends to acquire a license from Evonik and Uhde to use the HPPO process to produce propylene oxide. Evonik will produce and supply the hydrogen peroxide required for the planned new propylene plant at an over-the-fence facility. Experts are predicting a sharp rise in global demand for propylene oxide in the coming years.
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