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Solvay partners with the World Alliance for Efficient Solutions

September 14/2017

MOSCOW (MRC) -- Solvay is joining the World Alliance for Efficient Solutions, created by Solar Impulse founder Bertrand Piccard, to promote efficient technologies, processes and systems that help improve the quality of life on earth, as per the company's press release.

The Alliance members consist of start-ups, companies, institutions and organizations.

"Solvays joining of the Alliance, naturally flows from our 13-year partnership with Solar Impulse when we provided a variety of break-through technologies essential to the planes success. This Alliance will show again how collaboration and open innovation will turn visions into daily applications for a more sustainable planet and growth," said Jean-Pierre Clamadieu, CEO of Solvay.

Solar Impulse flew around the world day and night on solar energy, with many Solvay innovations, including in batteries and lightweighting materials, on board. Following its succes, the World Alliance for Efficient Solutions was created by the Solar Impulse Foundation, which fully administers and funds the Alliance thanks to partners and private donors.

As MRC wrote previously, in late December 2016, Solvay completed the sale of its 70.59% stake in Solvay Indupa to Brazilian chemical group Unipar Carbocloro, following the approval earlier this month of the Brazilian antitrust authority CADE.

Besides, earlier, in July 2016, Solvay completed the divestment of its shareholding in Inovyn (London), bringing to an end Solvay's chlorvinyls joint venture with Ineos. Solvay received exit cash proceeds amounting to EUR335 million (USD370.7 million). The dissolution of the jv follows regulatory clearances from the relevant authorities. Inovyn was formed on 1 July 2015 as a jv between Ineos and SolVin, a subsidiary of Solvay. Solvay and Ineos signaled their decision to end their chlorvinyls jv in March last year.

Solvay, with a market share 27%, is the second largest PVC manufacturer in Europe, after Kerling with 29% of the market. Solvay is headquartered in Brussels with about 30,900 employees spread across 53 countries. It generated pro forma net sales of EUR12.4 bn in 2015, with 90% made from activities where it ranks among the worlds top 3 players.   


mrcplast.com
Author:Margaret Volkova
Tags:PVC, vinilhlorid, kausticheskaya soda, SPVC, Inovyn, Solvay, Solvin.
Category:General News
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