TECHNOLOGY FOCUS - ORGANIC CHEMISTRY - Preparation (Claimed): Preparation of (I), comprises: providing a nitrate of sodium nitrate and/or potassium nitrate; and reacting the nitrate compound with the hydrogen peroxide to form (I). Preferred Components: (I) contains: 44-70.2 wt.% of ammonium nitrate and 56-29.8 wt.% of hydrogen peroxide; 49.8-74.8 wt.% of potassium nitrate and 50.2-25.2 wt.% of hydrogen peroxide; 45.5- 71.4 wt.% of sodium nitrate and 54.5-28.6 wt.% of hydrogen peroxide. (I) further comprises a surfactant; and a stabilizer. The oxidizer is an aqueous solution of the nitrate-peroxidate adduct, resulting in a spent aqueous nitrate-peroxidate solution. Preferred Composition: The composition is a propellant comprising 2-49 wt.% of hydroxy-terminated polybutadiene binder, 2-49 wt.% of aluminum powder, 0.1-6 wt.% of combustion catalyst, and 50-90 wt.% of (I). The composition is a pyrotechnic composition comprising, 10-25 wt.% of silicone rubber, 4-80 wt.% of (I) and a colorant compound. (I) is an explosive composition comprising, 10-30 wt.% of hydroxy-terminated polybutadiene binder, 10-60 wt.% of (I), 5-25 wt.% of aluminum powder and 5-15 wt.% of cyclomethylenetrinitramine. Preferred Method: The method further comprises: applying heat and/or vacuum to (I) to synthesize a distillate of aqueous hydrogen peroxide and a still pot bottoms of the substantially anhydrous (I); applying freeze crystallization and/or vacuum to (I) to synthesize a distillate or filtrate of aqueous hydrogen peroxide and a still pot bottoms or a filter cake of the substantially anhydrous (I); treating the (I) by column chromatography to synthesize aqueous hydrogen peroxide, and a solvent eluent which upon evaporation of the solvent produces the substantially anhydrous (I); application of heat and/or vacuum to the substantially anhydrous (I) to synthesize anhydrous vapor phase hydrogen peroxide (VPHP). The method additionally comprises rejuvenating the spent solution by addition of concentrated hydrogen peroxide. EXAMPLE - Hydrogen peroxide (117 g 30%) was added to a flask. Ammonium nitrate (25 g) was added to the stirred hydrogen peroxide at 21 degrees C. The temperature dropped to 18 degrees C and then to 15 degrees C, when all the ammonium nitrate was dissolved. The water bath was heated to 40 degrees C and worked up to give ammonium nitrate/hydrogen peroxide complex.