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Answer» What is High Test Peroxide mean? High-test peroxide (HTP) is a highly concentrated (85 to 98 per cent) solution of hydrogen peroxide, with the remainder consisting predominantly of water. In contact with a catalyst, it decomposes into a high-temperature mixture of steam and oxygen, with no remaining liquid water. It was used as a propellant of HTP rockets and torpedoes, and has been used for high-performance vernier engines. reference
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