Syensqo spins off from Solvay, builds EV material factory in Georgia – Charged EVs

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Syensqo has completed its spin-off from Solvay, a Belgian chemical company.

Now a stand-alone, Euronext-listed company, Syensqo has more than $8.5 billion in annual sales and 13,200 global employees. It has 34 industrial sites and 3 research and innovation centers. 

The company’s Materials segment makes high-performance, high-margin Specialty Polymers and Composites, mainly for automotive (including solutions for lithium-ion and next-generation batteries) and aerospace markets.

After securing a $178-million DOE grant and forming a joint venture with Orbia, Syensqo is building a North American production facility for EV materials in Augusta, Georgia. The new operations will provide material for over 5 million EV batteries per year at full capacity.

“We offer a wide portfolio of sustainable solutions to tackle the crucial challenges of our planet and society, as we focus on four growth platforms: battery materials, hydrogen, thermoplastic composites, and renewable materials and biotechnology,” said Mike Finelli, Chief North America Officer.

Source: Syensqo



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