Solvay is further extending its existing leadership position in the global lithium-ion battery market by expanding its production capacity of high-performance polymer Solef polyvinylidene fluoride, PVDF, at its site in Tavaux in France. Building on its previously announced PVDF capacity increase at its site in Changshu, China, this new project will expand its capacity in Europe to 35 kilotons, creating the largest PVDF production site in the region. This investment will be completed by December 2023 and reinforces Solvay’s global leadership in this field, positioning it to capitalize on the growing demand for electric and hybrid vehicles.The rapid growth of electric and hybrid vehicles is driving unprecedented demand for PVDF, a thermoplastic fluoropolymer used both as a binder and a separator coating in lithium-ion batteries which is essential for the creation of safer and longer-range performance. Solvay’s solutions and innovation pipeline in Solef PVDF will help its customers optimize energy storage efficiency by increasing the battery’s energy density, safety and power.Solvay has been developing solutions for the automotive industry for over 30 years. In addition to PVDF, Solvay continues to grow considerable market share as it delivers lightweighting materials that enable automotive OEMs to reduce weight and lower CO2 emissions. With the transformation to electrification expected to accelerate in the next decade, Solvay is on track to double its addressable market value per vehicle. As a result, Solvay expects to grow its Materials business sales to the automotive market from approximately €800 million in 2021 to more than €2.5 billion by 2030.https://twitter.com/SolvayGroup/status/1488572872960393225/photo/1
Solvay is further extending its existing leadership position in the global lithium-ion battery market by expanding its production capacity of high-performance polymer Solef polyvinylidene fluoride, PVDF, at its site in Tavaux in France. Building on its previously announced PVDF capacity increase at its site in Changshu, China, this new project will expand its capacity in Europe to 35 kilotons, creating the largest PVDF production site in the region. This investment will be completed by December 2023 and reinforces Solvay’s global leadership in this field, positioning it to capitalize on the growing demand for electric and hybrid vehicles.The rapid growth of electric and hybrid vehicles is driving unprecedented demand for PVDF, a thermoplastic fluoropolymer used both as a binder and a separator coating in lithium-ion batteries which is essential for the creation of safer and longer-range performance. Solvay’s solutions and innovation pipeline in Solef PVDF will help its customers optimize energy storage efficiency by increasing the battery’s energy density, safety and power.Solvay has been developing solutions for the automotive industry for over 30 years. In addition to PVDF, Solvay continues to grow considerable market share as it delivers lightweighting materials that enable automotive OEMs to reduce weight and lower CO2 emissions. With the transformation to electrification expected to accelerate in the next decade, Solvay is on track to double its addressable market value per vehicle. As a result, Solvay expects to grow its Materials business sales to the automotive market from approximately €800 million in 2021 to more than €2.5 billion by 2030.https://twitter.com/SolvayGroup/status/1488572872960393225/photo/1
