- Solvay's separation into two companies is set for completion in December 2023.
- The new companies will focus on sustainable solutions and scientific innovation.
- SOLVAY will include businesses like Soda Ash, Peroxides, Silica, Coatis, and Special Chem.
- SYENSQO will include Specialty Polymers, Composites, Novecare, Aroma, Technology Solutions, and Oil & Gas.
Separation Timeline
Solvay's planned separation into two independent publicly traded companies is on track for completion in December 2023, pending customary conditions.
Company Focus
The two new entities will have distinct focuses: one on sustainable solutions and the other on scientific innovation. SOLVAY will address essential needs such as air and water purification, food preservation, health protection, and eco-friendly products. SYENSQO will drive breakthroughs in clean mobility, bio-based solutions, and renewable materials.
Key Businesses
SOLVAY will include leading mono-technology businesses such as Soda Ash, Peroxides, Silica, Coatis, and Special Chem, which generated approximately €5.6 billion in net sales in 2022. SYENSQO will encompass highly innovative businesses like Specialty Polymers, Composites, Novecare, Aroma, Technology Solutions, and Oil & Gas, with net sales of around €7.9 billion in 2022.
Future Innovations
SYENSQO will play a crucial role in advancing clean mobility technologies, including next-generation EV batteries, green hydrogen, and thermoplastic composites. It will also focus on circular solutions and natural ingredients, continuing Solvay's legacy of scientific exploration and innovation.
Ongoing Updates
Solvay will provide regular updates on the separation process through a dedicated section on its website, ensuring stakeholders are informed about this significant transition.
