Synonyms for Neutralization (same or very similar meaning)
WordNet sense 1 (a chemical reaction in which an acid and a base interact with the formation of a salt; with strong acids and bases the essential reaction is the combination of hydrogen ions with hydroxyl ions to form water):
neutralisation, neutralisation reaction, neutralization reaction
WordNet sense 2 (action intended to nullify the effects of some previous action):
counteraction
From the ODE community, based on WordNet
add/edit