Solvay & Peróxidos JV enhances Chile production capabilities
Peróxidos do Brasil, a joint venture between Solvay and Produtos Químicos Makay (PQM), announces a new strategic investment in its production unit in Chile, reaffirming its commitment to excellence in supply for customers across various markets in South America. Located in the Coronel Industrial Park, in the BioBío region, Peróxidos' plant in Chile is the only industrial unit for hydrogen peroxide production on the Pacific Coast.
USD 12 million will be invested for the installation of a section that will allow for increased competitiveness through the expansion of the product portfolio manufactured at this unit and serving all segments of the Andean market. This strategic initiative reinforces Peróxidos' commitment to sustainability, contributing to the progressive reduction of CO2 emissions in the production process. With the permitting fully completed and approved, construction will begin in the second half of this year and is expected to be finalized in 2026.
Peróxidos do Brasil, a Solvayâ€'PQM joint venture, will invest $12 million in its Chilean hydrogen peroxide plant to expand its product portfolio and boost competitiveness in the Andean market. The project, starting in late 2025 and completing in 2026, supports sustainability by reducing CO2 emissions and reinforces the company's commitment to innovative, eco-friendly solutions.
This investment in the Coronel plant reflects Peróxidos' continuous and long-term commitment to bringing more innovative, sustainable and competitive solutions to the South American market and our mission to remain the preferred partner for our customers," comments Guilherme Silva, CEO of Peróxidos do Brasil.
Given its versatility and oxidizing properties, hydrogen peroxide (H2O2) is an essential input for a wide range of markets, such as the pulp and paper, aquaculture, electronics, packaging and mining sectors. It stands out as an inherently sustainable product due to its molecular structure and environmentally compatible decomposition. When it breaks down, it forms water (H2O) and oxygen (O2) elements that naturally reintegrate the environment without generating residues or byproducts. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
30 minutes ago
- India.com
Bad news for employees of this company as it gets ready for MAJOR layoff in…, managers asked to…, not Narayana Murthy's Infosys, Ratan Tata's TCS
Home Business Bad news for employees of this company as it gets ready for MAJOR layoff in…, managers asked to…, not Narayana Murthy's Infosys, Ratan Tata's TCS Bad news for employees of this company as it gets ready for MAJOR layoff in…, managers asked to…, not Narayana Murthy's Infosys, Ratan Tata's TCS Microsoft has already carried out several rounds of layoffs in its gaming division. In January 2024, around 1,900 employees lost their jobs, mainly due to restructuring after the Activision Blizzard acquisition. Bad news for employees of this company as it gets ready for MAJOR layoff in..., managers asked to..., not Narayana Murthy's Infosys, Ratan Tata's TCS Microsoft is getting ready for another round of job cuts next week as part of a major internal shake-up. This time, the company plans to make big changes in its Xbox division, which will be hit hard. It will be the fourth round of layoffs for the Xbox team in the last year and a half. Just a few days ago, various reports suggested that Microsoft was planning to cut jobs in its sales and customer service teams. Over the past two months alone, nearly 7,000 employees have already lost their jobs across different departments. Microsoft reason for layoff As per Bloomberg, managers in the Xbox division have been asked to be ready for major job cuts. The team has been facing growing pressure to reduce spending and increase profits. This push comes in the wake of Microsoft's massive USD 69 billion acquisition of Activision Blizzard in 2023. In 2023, the Xbox group also faced several rounds of layoffs and saw some of its smaller studios shut down. These latest changes are part of Microsoft's effort to reshape its business and focus on making its gaming division more profitable. Microsoft previous layoffs Back in January 2024, Microsoft had already laid off around 1,900 employees from its Activision Blizzard and Xbox teams. Later that year, in September, another 650 jobs were cut from the Xbox gaming unit. Over the past few years, the gaming division has been part of several rounds of layoffs, affecting thousands of workers. This latest news comes just days after various reports saying that Microsoft is preparing to cut thousands more jobs in July. This follows the 6,000 layoffs that took place in May. According to Bloomberg, the next wave of cuts will mostly impact the sales department and customer-facing roles. Earlier in April, Microsoft shared its intention to rely more on third-party companies to manage software sales for small and mid-sized businesses — a move that likely contributes to the upcoming job reductions. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on
India Today
an hour ago
- India Today
US judge blocks Trump admin from withholding EV charger funds to 14 states
A federal judge on Tuesday temporarily blocked the Trump administration from withholding funding previously awarded to 14 states for electric vehicle (EV) charging District Judge Tana Lin, based in Seattle, ruled that the states are likely to succeed in their legal challenge, which argues the federal government acted unlawfully by suspending billions in grants meant to expand EV charging networks. The funds were part of a broader federal push to support EV US Department of Transportation halted the program in February and rescinded state plans while conducting an internal review. Judge Lin's injunction does not apply to the District of Columbia, Minnesota, and Vermont, which also joined the lawsuit but failed to show they would face immediate harm from the funding order will take effect in seven days, giving the Trump administration a window to appeal and potentially seek a stay from a higher February, the Trump administration halted states from using USD 5 billion allocated through the Biden-era National Electric Vehicle Infrastructure (NEVI) initiative was designed to cover up to 80 per cent of project costs for building electric vehicle charging stations. As of now, at least 16 states have one or more operational EV stations, according to the EV States May, the Government Accountability Office concluded that the Trump administration broke the law by withholding funds from the electric vehicle program. It stated that the administration is legally obligated to implement the program as White House rejected the findings, calling them 'wrong and legally indefensible,' and instructed the Department of Transportation to disregard them. The department is now expected to release a draft of its revised electric vehicle guidance later this month.- Ends(With inputs from Reuters)Tune InMust Watch
The Print
2 hours ago
- The Print
Rupee logs steepest single-day gain in nearly 5 years; ends 73 paise higher at 86.05 Vs dollar
Brent crude, the global oil benchmark, plummeted 3.19 per cent to USD 69.20 per barrel in futures trade after US President Donald Trump announced that Iran and Israel agreed to a ceasefire. A weak greenback and firm domestic equity markets further boosted the local unit, according to forex traders. Mumbai, Jun 24 (PTI) The rupee rebounded from record low level and registered the steepest single-day gain in nearly five years to settle 73 paise higher at 86.05 against the US dollar on Tuesday after global crude oil prices tanked amid expectations of deescalation in Middle East tensions. At the interbank foreign exchange, the local unit opened at 86.07 and traded in a wide range of 85.91-86.27 before closing at 86.05 against the greenback, up 73 paise from its previous close. The rupee had plunged 23 paise to close at a five-month low of 86.78 against the US dollar on Monday. The 73 paise surge during Tuesday's session was matched with rupee's previous record of the maximum single-day gain seen on September 1, 2020. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee gained on improved global risk sentiments on reports of a ceasefire between Israel and Iran. Also, Choudhary said a sharp decline in crude oil prices and positive domestic markets favoured the rupee, while the dollar index softened amid the ceasefire reports. Going forward, he said, traders may take cues from US consumer confidence and Federal Reserve Chair Jerome Powell's testimony. 'USD-INR spot price is expected to trade in a range of Rs 85.60-86.40.' S&P Global Ratings on Tuesday upped India's GDP growth forecast for the current fiscal to 6.5 per cent, citing lower crude prices, monetary easing and normal monsoon, and said the ongoing geopolitical tensions are unlikely to put a 'significant pressure' on the rupee or inflation. S&P forecasts rupee to weaken to 87.5 a dollar by the end of 2025, from 86.6 at 2024-end. According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, a sharp drop in crude oil prices helped stabilise the Indian currency from its earlier lows. 'Market participants will closely watch the upcoming testimony by the Fed Chair for further cues. The rupee is expected to trade in a range of 85.75 to 86.25,' he added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.48 per cent lower at 97.94. In the domestic equity market Sensex rose 158.32 points to settle at 82,055.11, while Nifty climbed 72.45 points to 25,044.35. Foreign institutional investors (FIIs) offloaded equities worth Rs 5,266.01 crore on a net basis on Tuesday, according to exchange data. PTI TRB HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
