Solvay and Huatai expand hydrogen peroxide capacity in China to meet growing photovoltaic demand
vBuilding on its existing partnership with Huatai Chemical, the strategic alliance will enable the site to produce 48 kilotons of photovoltaic-grade hydrogen peroxide annually by 2025. This strategic investment not only reinforces Solvay's worldwide market leadership but also positions it to efficiently meet the rising demand from the photovoltaic industry, further supporting the growth of the renewable energy sector in Northern China.
"In alignment with China’s ambitious carbon neutrality targets, our collaboration positions Solvay as a key contributor. Leveraging cutting-edge technologies and building on our established presence in the high-purity hydrogen peroxide market, this strategic partnership capitalizes on the rapid expansion of China’s photovoltaic market,” said Philippe Kehren, Solvay CEO. “This project highlights our commitment to sustainability and strengthens our capability to secure a more significant share of the thriving Chinese market, further enhancing our well-established industrial presence in the region."
"Our joint venture with Solvay is a testament to our commitment to innovation and sustainability. This expansion is not just about increasing capacity; it's about contributing significantly to China's carbon neutrality goals and the photovoltaic industry's growth. By boosting our site's capability, we are not only meeting the demands of a rapidly evolving market but also reinforcing our position as a key player in the renewable energy sector," said Mr. Wang Yukang, Chairman of the Huatai Chemicals Group.
Since 2010, Solvay and Huatai have been successfully operating a groundbreaking joint venture, which integrates Solvay's state-of-the-art hydrogen peroxide technology. Situated in the Dongying Technical and Economics Development Zone of the Shandong Province, this plant has strategically positioned Solvay at the heart of the dynamic Chinese market, which is recognized as the world's largest for Hydrogen Peroxide.
The significance of this venture was marked by a high-profile signing ceremony on January 22, 2024. Distinguished attendees included Mr. Carlos Silveira, President of Solvay GBU Peroxides; Mr. Li Jian Hua, Founder of Huatai Group; Mr. Wang Yukang, Chairman of the Huatai Chemicals Group; and Ms. Siriporn Wuthiloahaphan, APAC Business Director of Solvay Peroxides and Chairman of Shandong Huatai Interox Chemicals. Other distinguished guests included local authorities, such as Mr. He Xian Zhuo, Vice Mayor, and Mr. Kang Mao Li, Leader of Dongying TEDZ, emphasizing the ceremony's importance for the region and the industries involved.
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