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Solvay and SGL Carbon collaborate to develop highly-competitive advanced carbon fiber composites

December 06/2019

MOSCOW (MRC) -- Solvay and SGL Carbon have entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber, said the producer.

These materials, which address the need to reduce costs and CO2 emissions, and improve the production process and fuel efficiency of next-generation commercial aircraft, will be based on SGL Carbons large-tow IM carbon fiber and Solvays primary structure resin systems.

The agreement encompasses both thermoset and thermoplastic composite technologies. It builds on Solvays leadership in supplying advanced materials to the aerospace industry and SGL Carbons expertise in high-volume carbon fiber manufacturing.

"For Solvay, this is an opportunity to lead the aerospace adoption of a composite material based on 50K IM carbon fiber. This is a highly competitive value proposition that brings more affordable high-performance solutions to our customers. We see this as the first step in a long-term partnership," said Augusto Di Donfrancesco, member of Solvays executive committee.

"By combining SGLs carbon fiber expertise in our newly developed, unique 50K IM fiber with Solvays resin formulation and aerospace market expertise, both partners are aiming to develop an advanced aerospace material system. This alliance supports our strategic direction and accelerates our growth in the attractive aerospace market," said Dr. Michael Majerus, spokesman of the management board of SGL Carbon.

Composite materials for aerospace applications represent a multi-billion-dollar market that is expected to grow strongly in the coming decade. Solvay and SGL Carbon are uniquely positioned to develop solutions to address the needs of this market.

As MRC informed earlier, Solvay announces that its subsidiary Solvay Finance SA will exercise its first call option on its EUR700 million hybrid bond after having notified the Luxembourg Stock Exchange where the bond is listed. This perpetual deeply subordinated bond, bearing an annual interest rate of 4.199%, is treated as equity under IFRS rules. Its repayment is due on May 12, 2019 at the end of the first 5.5 years.

Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end-markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources, and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 24,500 employees in 61 countries. Net sales were EUR10.3 billion in 2018, with 90% from activities where Solvay ranks among the worlds top 3 leaders, resulting in an EBITDA margin of 22%.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, petrochemistry, Solvay, Solvay Benvic.
Category:General News
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