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Syensqo has accomplished its spin-off from Solvay, a Belgian chemical firm.
Now a stand-alone, Euronext-listed firm, Syensqo has greater than $8.5 billion in annual gross sales and 13,200 international workers. It has 34 industrial websites and three analysis and innovation facilities.
The corporate’s Supplies phase makes high-performance, high-margin Specialty Polymers and Composites, primarily for automotive (together with options for lithium-ion and next-generation batteries) and aerospace markets.
After securing a $178-million DOE grant and forming a three way partnership with Orbia, Syensqo is constructing a North American manufacturing facility for EV supplies in Augusta, Georgia. The brand new operations will present materials for over 5 million EV batteries per yr at full capability.
“We provide a large portfolio of sustainable options to sort out the essential challenges of our planet and society, as we concentrate on 4 progress platforms: battery supplies, hydrogen, thermoplastic composites, and renewable supplies and biotechnology,” mentioned Mike Finelli, Chief North America Officer.
Supply: Syensqo
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