Solvay and Orbia are teaming up to form a joint venture to supply critical materials for the North American battery market.

Solvay and Orbia are teaming up to form a joint venture to supply critical materials for the North American battery market.

The joint venture will build the largest PVDF production site for battery materials in the region. The total investment is estimated at approximately US$850 million, partially funded by a US Department of Energy grant of US$178 million to Solvay.

Brussels and Boston, 3 november 2022 – 7:00 CET

Solvay (Euronext: SOLB) and Orbia (BMV: ORBIA) today announced that polyvinylidene fluoride (PVDF, suspension-class), creating the largest capacity in North America.

By more than half the windis from cars american WHO should do to be electricity ofhere By 2030, demand is increasing for lithium-ion batteries and for PVDF, a thermoplastic fluoropolymer used as a lithium-ion coating for connectors and spacers. The Solvay-Orbia joint venture will fill a significant supply gap and benefit from favorable regulatory conditions aimed at improving regional production and security of supply. Solvay, the world leader in PVDF, will bring its unique processing technology and know-how to the global market. Through a vertically integrated value chain and materials portfolio, Orbia’s Fluorine Solutions division Koura and Polymer Solutions division Vestolit will supply hydrofluoric acid, vinyl chloride monomer (VCM) and chlorine respectively. By combining Solvay’s Solef® PVDF innovations with Orbia’s core materials and manufacturing expertise, the joint venture will be able to deliver PVDF that optimizes energy storage efficiency by increasing energy density, safety and battery power.

we there is happy of we partner hour Orbia for this opportunity unique ofandthe end our solutions for batteries in America from North, with the support is important from Ministry american of energy“, – said Ilham Kadri, CEO of Solvay Company.This stage is important of our strategy in electrification strengthens our leadership the worldI and contributes hour to build infrastructure of chain supply in batteries states– Joined. This decision continues from our investment announcement before hour it worksFrance. These are investments to strengthen our ambition increase our sale the world for market car, from €800 million In 2021, it will exceed 3 billion euros from here 2030.”

Sameer Bharadwaj, CEO of Orbia added: “Ours partnership With the Solvay brand a stage is important for our activity and our participation in TRAmission energy in America from north. Single position From Orbia integrated for time in they are chains from fluorine and vinyl, Thus that the partnership Solvay and we give permission of to sew a chain supply from batteries cost competitive for statesUnited, all whom we keep our obligation development sustainable solutions for improve people’s lives in the world. with a grant Ministry american of energy announced before for production salts electrolyte LiPF6 in America north, this investment we will place in a leadership position for to guarantee the security of supply additions fluorinated for lithium-ion batteries Thus that of works local. ”

The total investment is estimated at approximately $850 million and is expected to be funded in part by a $178 million grant from the US Department of Energy to Solvay for construction of the facility in Augusta, Georgia. Solvay and Orbia will operate two production sites in the southeastern United States, one for basic materials and one for finished goods. Both fields are expected to be fully operational by 2026. Commencement of the joint venture is subject to the completion and execution of definitive agreements between the parties and the fulfillment of customary conditions, including receipt of customary regulatory approvals. .

Iinformation prospective
This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, objectives, future events or intentions. The forward-looking statements contained in this release are subject to risks and uncertainties due to a number of factors, including general economic factors, interest rate and currency exchange rate fluctuations. ; changes in market conditions, product competition, the nature of product development, acquisitions and divestments, restructuring, the impact of certain product withdrawals; regulatory approval process, global R&I project scenarios and other unusual items. Therefore, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. If known or unknown risks or uncertainties materialize or if our assumptions prove incorrect, actual results could differ materially from those anticipated. Solvay does not undertake to publicly update or revise any forward-looking statements.

  • Solvay and Orbia are teaming up to form a joint venture to supply critical materials for the North American battery market.

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