Solvay reveals new names

Solvay has announced the names of the two companies that will emerge after its planned separation into ‘essentials’ and ‘speciality’ businesses. This process is on track to be completed in December 2023, subject to customary conditions. Further updates will follow.

The ‘essentials’ business will continue under the name Solvay and will comprise the existing mono-technology businesses including Soda Ash, Peroxides, Silica, Coatis and Special Chem. These had combined net sales of about €5.6 billion in 2022.

The specialities businesses will continue as Syensqo, a name that references Solvay itself, the founder Ernest Solvay and its scientific heritage. It will include the Specialty Polymers, Composites, Novecare, Aroma, Technology Solutions and Oil & Gas, with €7.9 billion in sales last year, plus the four ‘growth platforms’ in batteries, green hydrogen, thermoplastic composites, and renewable materials and biotechnology

“Syensqo will play a key role in the future of clean mobility, by making the next generation of EV batteries possible and by advancing green hydrogen and thermoplastic composites. It will bring about breakthroughs in bio-based solutions, natural ingredients, circular solutions and more,” Solvay stated.