Solvay has agreed to divest its chlorine and peroxide derivatives site in Italy to Italian chemical company Caffaro, but will continue to market its EURECO™ organic peroxides, produced on the site, through an exclusive distribution agreement.
The planned divestment of the site of Bussi sul Tirino follows Solvay’s exit from its Western European chloro-alkali activities. Caffaro as a producer of basic and fine chemicals aims to further develop the site, which is mainly dedicated to chlorine and its derivatives. Through its industrial project, Caffaro will ensure sustainability of the plant by proceeding on a series of investments at Bussi site, as well as creating synergies with its current portfolio of activities.
Under the agreement, Caffaro will take over Solvay’s production of EURECO™ and further develop the product’s technology supported by the teams on-site. Solvay’s Peroxides Global Business Unit will continue to market and develop EURECO™ as its exclusive distributor in all countries except Italy and thereby ensure the long term partnerships with key customers.
Solvay’s EURECO™ is widely used in consumer and professional laundry markets for its effectiveness in removing stubborn stains, bleaching in compact product formulations, getting rid of malodour and in killing germs, bacteria and fungi on textiles and hard surfaces.
Source: Solvay
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?
