Engro Polymer invests Rs12bn in hydrogen peroxide business

KARACHI: Engro Polymer & Chemicals (EPCL), a subsidiary of Engro Corporation, has commissioned a Rs11.7 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 tonnes, the hydrogen peroxide plant features state-of-the-art Chematur technology. By ensuring sufficient local production, EPCL will enable import substitution of around $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. 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, CEO of EPCL Abdul Qayoom Shaikh 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”.

President and CEO of Engro Corporation Ahsan Zafar Syed added that “Our Rs12 billion investment in the hydrogen peroxide plant reflects Engro’s commitment to growth and continued belief in Pakistan’s potential”.