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.