Suez, which describes itself as “a global leader in circular solutions for water and waste”, has joined the Global Impact Coalition (GIC). The firm has also committed to providing the coalition with its expertise in recycling and recovery, which are seen as essential to achieving the chemical industry's net zero and circularity targets. This includes collaborating with the industry on new circular business models and scaling up sustainable technologies.

As part of its ongoing strategy, Nouryon is to spin out its base chemicals business into a separate company called Nobian. This should be complete by early Q3. Both will remain under the ownership of the Carlyle Group and GIC and Nouryon intends to reduce its own debt with the proceeds of a planned external financing by Nobian.