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FINANCIAL NEWS
New HP plant in KSA to begin operation in 2015
03 Sep 2013
(MENAFN) Saudi Hydrogen Peroxide Company, a new joint company between Sadara Chemical and Solvay Group of Belgium, said that it begun building a hydrogen peroxide (HP) plant in the Kingdom, Saudi Gazette reported.
The plant, to be one of the world’s largest HP plants, is expected to begin producing in 2015 with a production capacity of 300,000 metrics tons a year. The first HP plant is Saudi Arabia is being built at Sadara’s complex in Jubail Industrial City II.
Sadara plans to use the produced HP to manufacture propylene oxide (PO) at its HP-to-propylene oxide (HPPO) facility on site.
Ziad Al-Labban, CEO of Sadara, said: “We are delighted to be partnering with Solvay, a global leader in HP, to build this world scale plant to feed our PO, PO derivatives and polyurethane business.” This makes the third large HP joined venture by Solvoy.
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