More

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

    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.”

    Also Read: Barkat Frisian Agro Book Building Starts today (17 February)

    Latest articles

    Saudi Tourism Launches “Ramadan Lights” to Share the Magic of the Season 

    Saudi’s national tourism brand, ‘Saudi, Welcome to Arabia’, is announcing “Ramadan Lights” – the next phase of its global tourism campaign “This Land is...

    GALAXEFI and PIFFA sign strategic MoU to digitize Pakistan’s freight forwarding industry

    In a landmark move to modernize Pakistan’s logistics and freight forwarding sector, Galaxefi Solutions Private Limited (GALAXEFI) and the Pakistan International Freight Forwarders Association...

    Tobacco Taxes Inadvertently Fuel Illicit Tobacco Trade

    A growing debate in Pakistan questions whether raising tobacco taxes is the right approach to reducing smoking rates. While higher taxes are intended to...

    Over 45 million people directly benefited from community upliftment initiatives of OICCI members

    The Overseas Investors Chamber of Commerce and Industry (OICCI) members, the collective body of over 200 largest foreign investors in Pakistan, has unveiled its...

    Related articles