Revenue fell 14 percent to CNY6.6 billion. Luxi Chemical’s net profit narrowed 76 percent to CNY322 million (USD46.6 million) in the first quarter from a year earlier, according to its most recent earnings report. It had revenue of CNY1.1 billion (USD159.4 million) last year, accounting for 3.6 percent of Luxi Chemical’s total. Luxi Chemical has not yet calculated the financial loss from the accident.įounded in August 2019, Luxi Hydrogen Peroxide has seven production lines that can turn out 400,000 tons of hydrogen peroxide a year, according to Luxi Chemical. Rescue work is still ongoing, the firm added.Īfter the accident, Luxi Chemical immediately activated its emergency plan and mounted an on-site response with local authorities, it said, adding that as of noon on May 1, the fire had been put out, the leak was sealed off, and the environmental protection department had confirmed that the surrounding atmosphere was normal. Nine people died, one was injured, and one is still missing after production lines at Luxi Chemical’s unit Liaocheng Luxi Hydrogen Peroxide New Material exploded on May 1, the Shandong province-based parent company said late yesterday. and controls bacteria and fungi that cause serious plant diseases. Luxi Chemical closed down 6.1 percent at CNY11.26 (USD1.64) today, after earlier plunging by the 10 percent daily trading limit. Hydrogen peroxide, well known as an ingredient in disinfectant products, is now also. Soak seeds in 3 hydrogen peroxide for four hours, rinse, and let them dry before planting. Hydrogen peroxide can speed up seed germination and promote healthier growth. Hydrogen peroxide is a tried-and-true solution for controlling algae in your plants, whether youre growing in a greenhouse or outdoors. Make sure that you check the labels before purchasing any bottle and confirm that purified water is the inactive ingredient (distilled water is also fine). (Yicai Global) May 4 - Shares of Luxi Chemical Group, a unit of Chinese state-owned chemicals giant Sinochem Holdings, sank after nine people died in an explosion at its hydrogen peroxide plant. Mix one teaspoon of hydrogen peroxide with eight ounces of water and spray the tools and containers. Peroxide is commonly found at 3 for personal use, but for hydroponic systems the strength should be at 34 to get optimal benefits.
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