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 Urges End to Attacks Amid Beirut Strike Concerns

US President Donald Trump stated that Israel and Hezbollah should immediately cease their attacks on…

2 hours ago

Swiss Voters Reject Population Cap Initiative

Swiss Voters Reject Population Cap Initiative Swiss voters rejected a proposal to cap the nation's…

3 hours ago

UK Anti-Islam Activist Robinson Detained at Heathrow Over Racist Posts

British anti-Islam activist Tommy Robinson, whose real name is Stephen Yaxley-Lennon, claims he was detained…

3 hours ago

Punjab Reviews Muharram Security Plan in Lahore for Coordination

Punjab Housing Minister Bilal Yasin reviewed security arrangements for Muharram processions in Lahore. The meeting…

4 hours ago

Political Actors Fight for Interests Amid IMF-Driven Budget, Says Hafiz Naeem

ISLAMABAD - Jamaat-e-Islami Amir Hafiz Naeemur Rehman stated that Pakistan suffers under an oppressive system…

4 hours ago

Mbappe Faces Pressure Ahead of World Cup Opener Against Senegal

Kylian Mbappe, captain of the French national team, faces scrutiny ahead of their World Cup…

5 hours ago