Solvay Confirms Intention to Create Hydrogen Peroxide Joint Venture with BASF
Solvay welcomes the announcement by BASF Aktiengesellschaft and The Dow Chemical Company concerning the finalization of plans to build a world-scale propylene oxide plant in Antwerp, Belgium. The new plant will implement the hydrogen peroxide to Propylene Oxide (HPPO) process and Solvay was upheld as the preferred partner to supply it with Hydrogen Peroxide (H202).
Consequently, Solvay and BASF Aktiengesellschaft are finalizing plans to set up a large-scale Hydrogen Peroxide plant on BASF's site in Antwerp, based on Solvay's high-yield Hydrogen Peroxide production process.
Pending final approval by their respective boards, the parties would create a joint venture for the production of Hydrogen Peroxide. The scaling and timing of their new Hydrogen Peroxide plant will meet the needs of the HPPO unit and is expected to come on stream in 2008 with an annual capacity of more than 200,000 metric tons of Hydrogen Peroxide in one single line of production. The largest part of the production will be dedicated to feed the HPPO unit and a portion will be sold by Solvay on the Hydrogen Peroxide market.
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