Syensqo

In 2022, Solvay announced the intention to separate into two independent stock listed companies: Solvay and Syensqo.{{Cite web|title=Solvay opens up on plans to divide into two companies|url=https://www.sustainableplastics.com/news/solvays-plastics-business-will-be-part-new-firm-syensqo|access-date=2024-09-26|website=Sustainableplastics.com|language=en}}

Solvay would retain its historic soda ash, Peroxides, Silica, and Coatis production, as well as the Specialty Chemicals division. The Materials, Composites, and Solutions divisions were split off into Syensqo.{{cite web |title=Press Release: Solvay to unlock value by exploring a separation into two independent publicly listed companies |url=https://www.syensqo.com/sites/g/files/alwlxe161/files/2023-11/20220315-Powerof2%20release-EN.pdf |website=Syensqo.com |access-date=27 March 2024}} The goal of separating the two companies was to give independence and flexibility in pursuing different strategies.{{Cite web|title=SOLVAY and SYENSQO revealed as new company names|url=https://finance.yahoo.com/news/solvay-syensqo-revealed-company-names-073000426.html|access-date=2024-09-26|website=Yahoo Finance|date=16 June 2023 |language=en}}

The name Syensqo is explained as follows: SY represents the first and last letters in Solvay. EN is a nod to Solvay’s founder, Ernest Solvay. SYENS refers to Solvay’s scientific heritage, which goes back to 1911, when Ernest Solvay brought 24 scientists together for the first Solvay Conference. Q refers to quantum physics, which was discussed at the conference. QO is for company.{{Cite web|title=Solvay's AM materials and activities are now part of Syensqo|url=https://www.voxelmatters.com/solvays-am-materials-and-activities-are-now-part-of-syensqo/|access-date=2024-09-26|website=Voxelmatters.com|date=19 February 2024 |language=en}}

On Friday, December 8, 2023,{{Cite web|title=Solvay Board sets December 8, 2023 for shareholders to vote on the separation into two independent listed companies|url=https://www.investegate.co.uk/announcement/gnw/solvay-sa--0nzr/solvay-board-sets-december-8-2023-for-shareh-/7822866|access-date=2024-09-25|website=Investegate.co.uk|language=en}} shareholders approved the plan to split Solvay into two separate entities.{{Cite web|title=Shareholders overwhelmingly support the creation of two independent companies - Solvay and Syensqo|url=https://markets.ft.com/data/announce/detail?dockey=1330-1000903357en-11FMNVU23I7O4F9H7FTVDDSP5O|access-date=2024-09-25|website=Financial Times|language=en}}{{Cite web|title=Solvay shareholders to vote on splitting company|url=https://www.reuters.com/article/solvay-split/update-1-solvay-shareholders-to-vote-on-splitting-company-idUKL1N3BO0I1/|access-date=2024-09-23|website=Reuters.com|language=en}} As a result, Ilham Kadri, former CEO of Solvay, is the CEO of Syensqo, whereas Philippe Kehren becomes CEO of Solvay.{{Cite web|title=Solvay and Syensqo are effectively two separate companies|url=https://www.macplas.it/en/marketing/international-news/solvay-and-syensqo-are-effectively-two-separate-companies|access-date=2024-09-25|website=Macplas.it|date=13 December 2023 |language=en}}

The split became effective on December 11th, 2023, with shares listed on Euronext Brussels and Euronext Paris.{{cite news |title=Syensqo successfully launched on Euronext |url=https://finance.yahoo.com/news/syensqo-successfully-launched-euronext-084900526.html |access-date=27 March 2024 |publisher=Yahoo News |date=11 December 2023}}{{Cite web|title=Syensqo completes spin-off from Solvay, inks deal with EMF|url=https://www.sustainableplastics.com/news/syensqo-completes-spin-solvay-inks-deal-emf|access-date=2024-09-25|website=Sustainableplastics.com|language=en}}{{Cite news|title=Syensqo spinoff starts trading at almost €10 billion value|url=https://www.bloomberg.com/news/articles/2023-12-11/syensqo-set-to-start-trading-targeting-10-billion-valuation|access-date=2024-09-25|website=Bloomberg|date=11 December 2023 |language=en}} On September 16, 2024 Syensqo announced its intention to delist from Euronext Paris.{{Cite press release|title=Syensqo announces voluntary delisting from Euronext Paris|url=https://www.globenewswire.com/news-release/2024/09/16/2946346/0/en/Syensqo-announces-voluntary-delisting-from-Euronext-Paris.html|access-date=2024-09-25|website=Globenewswire.com|date=16 September 2024 |language=en}}{{Cite web|title=Syensqo: delisting from the Paris Bourse at the end of the month|url=https://www.marketscreener.com/quote/index/CAC-40-4941/news/Syensqo-delisting-from-the-Paris-Bourse-at-the-end-of-the-month-47874449/|access-date=2024-09-25|website=Marketscreener.com|date=16 September 2024 |language=en}}

The company's headquarters is located in Brussels, Belgium.{{Cite web|title=Z-Bruxelles : Syensqo a délibérément choisi d'avoir son siège à Bruxelles 26/06/24|url=https://trends.levif.be/canal-z/entreprendre/z-bruxelles/z-bruxelles-entreprendre-26-6-24/|access-date=2024-09-26|website=Trends-Tendances|date=26 June 2024 |language=fr}}{{Cite web|title=Syensqo|url=https://www.weforum.org/organizations/solvay-sa/|access-date=2024-09-25|website=World Economic Forum|language=en}}

Syensqo researches and produces advanced materials for use in both industrial and consumer applications. Its businesses include specialty polymers, composites, surfactants, aroma, technology solutions and oil & gas, as well as growth platforms in batteries, green hydrogen, thermoplastic composites, renewable materials, and biotechnology.{{Cite web|title=Solvay spin-off business separation to come into effect|url=https://www.icis.com/explore/resources/news/2023/12/08/10952171/solvay-spin-off-business-separation-to-come-into-effect/|access-date=2024-09-26|website=Icis.com|language=en}}

In addition to its diverse businesses, Syensqo is actively engaged in partnerships and research projects.

In January 2024, Syensqo became a sponsor of DS Penske, sealing a three-year partnership with the Formula E racing team.{{Cite web|title=Formula E : DS Automobiles announces partnership with Syensqo|url=https://www.media.stellantis.com/em-en/ds-performance/press/formula-e-ds-automobiles-announces-partnership-with-syensqo|access-date=2024-09-26|website=Stellantis|language=en}}{{Cite web|title=Syensqo has already joined the Formula E circus|url=https://www.jeccomposites.com/news/by-jec/syensqo-has-already-joined-the-formula-e-circus/?news_type=announcement,applications,business&end_use_application=automotive-road-transportation,sports-leisure-recreation|access-date=2024-09-26|website=Jeccomposites.com|language=en}}

From May 2024, Syensqo as main partner, together with Mohammed VI Polytechnic University and OCP Group,{{Cite web|title=UM6P and OCP Group support Climate Impulse as main partners alongside Syensqo|url=https://um6p.ma/en/um6p-and-ocp-group-support-climate-impulse-main-partners-alongside-syensqo|access-date=2024-09-26|website=UM6P|language=en}}{{Cite web|title='Climate Impulse': Morocco's Ambitious Hydrogen-Powered Plane Project|url=https://www.moroccoworldnews.com/2024/05/362885/climate-impulse-moroccos-ambitious-hydrogen-powered-plane-project|access-date=2024-09-26|website=Morocco World News|language=en}} is involved in the Climate Impulse project, which aims to set a historic precedent by flying a green hydrogen aircraft around the world by 2028.{{Cite web|title=Flagship Climate Impulse project targets non-stop, green hydrogen-powered flight|url=https://www.compositesworld.com/news/flagship-climate-impulse-project-targets-non-stop-green-hydrogen-powered-flight|access-date=2024-09-26|website=Compositesworld.com|language=en}} The aircraft will attempt to fly nine days non-stop all around the Equator with pilots Bertrand Piccard, who was also involved in the Solar Impulse project, and Raphaël Dinelli.{{Cite web|title=Bertrand Piccard unveils Climate Impulse|url=https://solarimpulse.com/news/bertrand-piccard-unveils-climate-impulse|access-date=2024-09-26|website=Solarimpulse.com|language=en}}{{Cite web|title=A non-stop flight around the world, emission-free|url=https://www.syensqo.com/en/our-impact/sustainability/climate-impulse|access-date=2024-09-26|website=Syensqo.com|language=en}}{{Cite web|title=World's first hydrogen-powered flight to showcase future of aviation|url=https://www.ft.com/partnercontent/syensqo/worlds-first-hydrogen-powered-flight-to-showcase-future-of-aviation.html|access-date=2024-09-26|website=Financial Times|language=en}}

In June 2024, Syensqo announced the nomination of a new Scientific Advisory Board for its innovation projects, which sees the participation of four important academics in the field of chemistry: Ben Feringa (Nobel Prize in Chemistry in 2016), Avelino Corma, Karim Zaghib, and Juan de Pablo.{{Cite web|title=Syensqo announces new scientific advisory board to support its growth innovation strategy|url=https://www.jeccomposites.com/news/spotted-by-jec/syensqo-announces-new-scientific-advisory-board-to-support-its-growth-innovation-strategy/|access-date=2024-03-22|website=Jeccomposites.com|language=en}}

Syensqo also recognizes scientific advancements and major discoveries through the Science for the Future Ernest Solvay Prize by Syensqo, previously known as the Solvay Prize. With the support of the Syensqo Fund, the prize is awarded to individuals who have made significant contributions in the field of chemistry. The most recent recipient of the prize is Omar Yaghi, Professor of Chemistry at UC Berkeley, for his work in reticular chemistry.{{Cite journal|title=Chemistry behind metal-organic frameworks nets Ernest Solvay Prize|url=https://www.nature.com/articles/d42473-024-00003-8|access-date=2024-10-02|website=Nature|language=en}}{{Cite web|title=Omar Yaghi wins Solvay Prize for climate, materials breakthroughs|url=https://chemistry.berkeley.edu/news/omar-yaghi-wins-solvay-prize-climate-materials-breakthroughs|access-date=2024-10-02|website=UC Berkeley|language=en}}

Previous prize laureates include scientists such as Peter G. Schultz (2013), Ben Feringa (2015), Susumu Kitagawa (2017), Carolyn Bertozzi (2020), and Katalin Karikó (2022), some of whom have also received Nobel Prizes.{{Cite web|title=Peter Schultz To Receive Solvay Prize|url=https://cen.acs.org/articles/91/web/2013/11/Peter-Schultz-Receive-Solvay-Prize.html|access-date=2024-10-09|website=Chemical & Engineering News (C&EN)|language=en}}{{Cite web|title=Ben Feringa receives Chemistry for the Future Solvay Prize|url=https://www.rug.nl/news/2015/11/ben-feringa-receives-chemistry-for-the-future-solvay-prize?lang=en|access-date=2024-10-09|website=University of Groningen|language=en}}{{Cite web|title=Susumu Kitagawa wins Solvay Prize|url=https://www.icems.kyoto-u.ac.jp/en/news/3166/|access-date=2024-10-09|website=Kyoto University iCeMS|language=en}}{{Cite web|title=Carolyn Bertozzi awarded Chemistry for the Future Solvay Prize|url=https://chemh.stanford.edu/news/carolyn-bertozzi-awarded-chemistry-future-solvay-prize|access-date=2024-10-09|website=Stanford University|language=en}}{{Cite web|title=Chemistry prize recognizes mRNA pioneer|url=https://www.nature.com/articles/d42473-022-00016-1|access-date=2024-10-09|website=Nature|language=en}}

{{Portal|Companies|Belgium}}

• Ilham Kadri
• Composite materials

{{Reflist}}

{{Commons category|Syensqo (company)}}

• {{official website|https://www.syensqo.com}}
• [https://climateimpulse.org/ Climate Impulse]
• [https://fund.syensqo.com/ Syensqo Fund]

{{BEL20 companies}}

Category:Companies listed on Euronext Brussels

Category:Multinational companies headquartered in Belgium

Category:Plastics companies of Belgium