Solvay and Orbia to form a joint venture in an $850m deal.

Solvay, a Belgian multinational chemical company, and Orbia, a chemical manufacturing company, agreed to form a joint venture in a $850m deal for the production of suspension-grade polyvinylidene fluoride. “We are delighted to partner with Orbia on this exciting opportunity to expand our battery solutions into North America, with strong support by the US Department of Energy. This significant milestone in our electrification strategy enhances our global leadership and contributes to the establishment of the battery supply chain infrastructure in the United States. This decision follows our previously announced investment in Tavaux, France. These investments extend our ambition to grow global sales to the automotive market from €800m in 2021 to over €3bn by 2030,” Ilham Kadri, Solvay CEO.