Solvay, a Belgian chemical company with its head office in Ixelles, Brussels, said Saturday that it has the intention to create a 50/50 joint venture with Sadara Chemical Company (itself a planned joint venture of Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical for the construction and operation of a hydrogen peroxide plant in Jubail Industrial City. Scheduled to be operational in the second half of 2015, the new plant is intended to supply hydrogen peroxide (HP) as a raw material for the manufacture of propylene oxide (PO) by Sadara at its world-scale, fully integrated chemicals complex, the company said in a statement. The new planned HP plant, Solvay's third, will further strengthen its leadership in this field.
