Solvay Completes Syensqo Spin-off

Solvay has completed the spin-off of its Specialty activities to Syensqo. This move marks a significant strategic shift for the Group, positioning it as a frontrunner in essential chemicals on a global scale. It prepares Solvay to enter a new stage of sustainable growth and sharpening its focus on core business areas.

With more than 9,000 employees spanning 40 countries, Solvay is committed to offering sustainable products that meet society’s fundamental needs. With a portfolio encompassing key mono technologies such as soda ash, bicarbonate, silica, hydrogen peroxide, fluorine and rare earths, phenol, and solvents, Solvay serves as a reliable supplier across global markets.

“This decision reflects our dedication to creating sustained value for stakeholders and ensuring Solvay’s ongoing success,” said Pierre Gurdjian, chairman of the Solvay Board. “The prevailing megatrends present compelling opportunities for enhancing value. Leveraging our leadership and insight, we will confidently guide Solvay into the future.”

“At Solvay, our mission is to harness the power of chemistry to create sustainable products for the world’s most pressing challenges,” added Philippe Kehren, Solvay CEO. “Our commitment involves introducing process innovations and sustainable products, all while minimizing our environmental footprint.”

Emphasizing sustainability, Solvay’s roadmap underscores the Group’s commitment to a fair transition and environmental responsibility, with a proactive aim to achieve carbon neutrality by 2050. In its transition to cleaner energy, Solvay is eliminating coal usage by 2030 wherever renewable alternatives exist, with a notable goal of achieving coal-free energy at five of its seven soda ash plants by 2025. Beyond reducing its own emissions, Solvay is committed to a 20% reduction in emissions along the value chain by 2030.