Brussels, November 22, 2022 - before market opening - Solvay has delivered a notice of early redemption in full to holders of Cytec’s US dollar 3.50% senior notes due 2023 guaranteed by Solvay with ISIN / CUSIP US23282AJ97 / 232820AJ9 in an outstanding principal amount of USD 196,086,000. The redemption will be implemented in accordance with the terms and conditions of the bonds. The redemption date will be January 1, 2023. The redemption price is 100% of the principal amount of the notes to be
Solvay to expand capacity and reduce GHG emissions at its Wyoming Soda Ash plant The Group is resuming a 600kT soda ash capacity expansion while implementing a new innovative technology to cut greenhouse gas emissions in Green River, WY, USA. Brussels, November 9, 2022 - 8:00 CET Solvay announces plans to resume the construction1 of its 600 kT soda ash capacity expansion in Green River, WY, USA, extending its position as a global leader. Production is expected to start at the end of 2024 in time
Belgian chemicals company Solvay on Thursday raised its full-year free cash flow guidance on better-than-expected earnings, and announced a joint venture with Mexico's Orbia to produce battery materials in the United States. The group, whose products include base chemicals such as soda ash and speciality polymers used in batteries, now sees full-year free cash flow at around 1 billion euros ($987 million), against a previous forecast of 750 million. Solvay separately announced with Orbia a framework agreement for a joint venture, consisting of an investment of around $850 million, of which the U.S Department of Energy will contribute $178 million in a grant.