Univar Solutions, the world’s second largest chemical distributor, has announced its Streamline 2022 (S22) programme. This may lead to the sale of over $200 million in non-core assets and Univar will incur up to an incremental $50 million in charges in 2020 to implement it. The stated aims of S22 are to improve operational agility, drive faster sales growth, particularly in North America, reduce leverage to 3.0x by the end of 2021 and improve EBITDA margins to 9% by the end of 2022.