Solvay has successfully completed the spin-off of its Specialty activities to Syensqo, which it describes as a pivotal moment in its rich history. This move marks a significant strategic shift for the group, positioning it as a frontrunner in essential chemicals on a global scale.
It says it “prepares Solvay to enter a new stage of sustainable growth, sharpening its focus on core business areas and reaffirming its dedication to market leadership, decarbonisation, and social responsibility.”
Syensqo provides mining operations worldwide with a wide range of reagent-based solutions designed for more efficient and effective mineral processing. The flagship products within Syensqo’s flotation portfolio includes collectors such as AEROPHINE and frothers such as OREPREP. It also offers depressants such as ACCO-PHOS, and dispersants like CYQUEST.
In addition to equipment and operations improvements, mines are now exploring novel continuous improvement strategies with the help of Syensqo focused on real-time reagent-based process optimisation and formulation. The result is tailored formulations, better dosing and, ultimately, better mineral recovery, all while reducing water and energy inputs for improved mining productivity.
With over 9,000 employees spanning 40 countries, the remaining Solvay company says it is committed to offering sustainable products that meet society’s fundamental needs. These include purifying air and water, preserving food supplies, safeguarding health and well-being, creating eco-friendly clothing, enhancing automotive tire sustainability, and contributing to the thermal insulation, cleanliness and protection of homes. The portfolio encompasses key mono technologies such as soda ash, bicarbonate, silica, hydrogen peroxide, fluorine and rare earths, phenol, and solvents.
Philippe Kehren, Solvay CEO: “At Solvay, our mission is to harness the power of chemistry to create sustainable products for the world’s most pressing challenges. Our commitment involves introducing process innovations and sustainable products, all while minimising our environmental footprint. With the simplification driven by the separation, Solvay is poised to reinforce its track record of achieving robust top-quartile industry margins, generating cash, and delivering attractive returns. Our aim is to create enduring value for employees, communities, customers, and shareholders through our integrated approach.”