Page 151 - CW E-Magazine (6-2-2024)

News from Abroad

RAISING PRODUCTION
Solvay and Huatai expand capacity for photovoltaic-

grade hydrogen peroxide in China

Solvay is further extending its leader-
ship position in the global hydrogen
peroxide market by expanding the
capacity of its Shandong Huatai Interox
Chemical site in China. Building on its
existing partnership with China’s Huatai
Chemical, the alliance will enable the
site to produce 48-ktpa of photovoltaic-
grade hydrogen peroxide by 2025.

The move is aimed at meeting
rising demand for the chemical from the
photovoltaic industry, further support-
ing the growth of the renewable energy
sector in Northern China.
“This strategic partnership capitalises neutrality goals and the photovoltaic indus- Situated in the Dongying Technical and
on the rapid expansion of China’s photo- try’s growth,” added Mr. Wang Yukang, Economics Development Zone of Shandong
voltaic market,” said Mr. Philippe Kehren, Chairman of the Huatai Chemicals Group. Province, this plant has strategically posi-
Solvay’s CEO. “This expansion is not just Since 2010, Solvay and Huatai have been tioned Solvay at the heart of the dynamic
about increasing capacity; it’s about con- operating a joint venture, which integrates Chinese market, the world’s largest for
tributing significantly to China’s carbon Solvay’s hydrogen peroxide technology. hydrogen peroxide.
INTEGRATED POWER PLAYER
TotalEnergies buys German battery storage developer

French energy major, TotalEner- electricity system, help solving
gies, has agreed to acquire from its congestion problems or providing
three founders the entire share capital additional flexibility to the German power
of Kyon Energy, one of the leading grid, and ultimately support the rapid
developers of battery storage systems in expansion of renewable energies in
Germany. The consideration consists Germany,” the company said in a press note.
of a €90-mn upfront payment, plus
some earn out payments linked to the “The acquisition of this company,
achievement of development targets. one of the leaders in its market, is a key
element in our presence in the German
Since its creation in 2021, Kyon electricity market, which is the largest
Energy has developed 770-MW of pro- in Europe. This acquisition will enable
jects with very competitive connection TotalEnergies will now develop, us to accelerate the development of our
costs of which 120-MW are already build, and operate those projects, mainly integrated power activities in Germa-
in operation, 350-MW are under con- located in the North of Germany, as ny, both in production, trading, aggre-
struction and 300-MW are ready to part of its integrated power strategy. gation and marketing of low-carbon elec-
build. In addition, Kyon Energy’s port- tricity available 24 hours a day,” said
folio includes a 2-GW pipeline of “The battery storage system will Mr. Stéphane Michel, President Gas,
advanced-stage projects. contribute to the resilience of the German Renewables & Power at TotalEnergies.

Chemical Weekly February 6, 2024 151

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