Advertisement
Categories: BusinessNewsPakistan

Engro Polymer & Chemicals launches hydrogen peroxide business with Rs 12 billion investment in new plant

Advertisement

Engro Polymer & Chemicals (EPCL), a subsidiary of Engro Corporation, has successfully commissioned its Rs 11.7 billion hydrogen peroxide plant, marking a major milestone in its journey of undertaking investments that drive Pakistan’s economic growth. This project has been developed with investment from the International Finance Corporation (IFC) to support EPCL’s expansion in the hydrogen peroxide market.

With an installed annual capacity of 28,000 tons, the hydrogen peroxide plant features state-of-the-art Chematur technology. By ensuring sufficient local production, EPCL will enable import substitution of around USD 11 million, reducing reliance on foreign suppliers and strengthening Pakistan’s industrial base.

The company will manufacture and market its high-quality hydrogen peroxide solution, PureOxide, under its wholly owned subsidiary, Engro Peroxide (Private) Limited. As the only hydrogen peroxide manufacturer in southern Pakistan, the company aims to be a responsible supplier offering high quality, reliable delivery and safe packaging with its PureOxide brand. Customers will benefit from lower lead time and costs through just-in-time deliveries in a safety-compliant fleet. PureOxide will be transported in 100% virgin HDPE jerry cans, featuring pressure-release technology to prevent explosions and a vapor-blocking membrane to mitigate fire risks. Additionally, PureOxide has a lower carbon footprint and higher energy efficiency as EPCL derives hydrogen as part of its caustic manufacturing process.

Commenting on the milestone, Abdul Qayoom Shaikh – CEO of EPCL, said that, “Our HPO business will strengthen local industries, especially export-oriented textiles players, who will be able to source a high-quality product locally. With unmatched quality, safety and sustainability, we are confident that PureOxide will become the preferred choice for customers in Pakistan and beyond.”

Ahsan Zafar Syed, President & CEO – Engro Corporation, added that, “Our Rs 12 billion investment in the hydrogen peroxide plant reflects Engro’s commitment to growth and continued belief in Pakistan’s potential. I would like to thank the EPCL leadership, IFC, project team, partners, and other stakeholders for their support in the successful completion of this project.”

Advertisement
News Desk

Recent Posts

Trump Announces 10% Tariffs on Denmark, EU States Linked to Greenland Issue

US President Donald J. Trump has announced plans to impose tariffs on several European countries,…

11 hours ago

Pakistan, US Agree to Strengthen Security and Border Management Cooperation

Pakistan and the United States on Saturday agreed to enhance cooperation in bilateral security, counterterrorism…

13 hours ago

Islamabad Court Orders Arrest of Imaan Mazari and Husband After Repeated Absences

A district and sessions court in Islamabad on Saturday reissued non-bailable arrest warrants against activist…

13 hours ago

India–Bangladesh Tensions Surface as Captains Skip Handshake at U-19 World Cup Toss

Signs of diplomatic strain between India and Bangladesh surfaced on Saturday after the captains of…

13 hours ago

Pakistan, Japan Reaffirm Economic Ties at 8th Government–Business Dialogue in Tokyo

Pakistan and Japan on Friday reaffirmed their commitment to strengthening bilateral economic cooperation during the…

15 hours ago

Aga Khan University Installs Princess Zahra Aga Khan as Pro-Chancellor

The Aga Khan University graduated 461 students from 18 degree programmes at its 38th Convocation…

15 hours ago