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The joint venture, Shandong Huatai Interox Chemical Co., Ltd., will build a hydrogen peroxide plant at Huatai's new site in Dongying, Shandong Province in 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 will not only serve Huatai, but also other Chinese industries requiring hydrogen peroxide (textile, chemicals, among others). In addition, the joint venture will utilize Solvay's technology for the production of high purity grades of hydrogen peroxide and peracetic acid.
Deal Type Partnership Sub-Category Joint Venture Deal Status Announced: 2009-10-07
Deal Participants
Partner 1 (Company) Huatai Group Co., Ltd. Partner 2 (Company) Solvay S.A.
Deal Rationale
The partnership represents an opportunity for Solvay to establish an industrial and commercial presence in this market. The collaboration between both the parties will foster a strong alliance between them, which have complementary strengths.
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