Solvay Specialty Polymers agrees to sell its Porto Marghera plant, which produces hydrofluoric acid, to Alkeemia, part of the Italian Fluorsid Group. The hydrofluoric acid is utilized by Solvay as a base chemical for the production of selected specialty polymers. The divestment is reportedly in line with Solvay Specialty Polymers’ strategy to focus on specialties, where technology and innovation make the difference, to improve the sustainability of its productions.
Fluorsid Group is a key player in the hydrofluoric acid and derivatives market at an international level, according to Solvay. Alkeemia will acquire Solvay Specialty Polymers’ Porto Marghera branch of activities and the employees at the site will be transferred. The sale is expected to close in the first half of 2018 and it is subject to customary closing conditions.
Solvay Specialty Polymers reportedly manufactures over 1,500 products across 35 brands of high-performance polymers – fluoropolymers, fluoroelastomers, fluorinated fluids, semi-aromatic polyamides, sulfone polymers, ultra-high performance aromatic polymers and high‑barrier polymers – for use in aerospace, alternative energy, automotive, healthcare, membranes, oil and gas, packaging, plumbing, semiconductors, wire and cable, and other industries.
For more information, visit: www.solvayspecialtypolymers.com