Operational Excellence and Digital Transformation
Solvay's operational excellence program is on track to generate EUR 350 million in cost savings by 2028. The company has already achieved EUR 110 million in 2024 and is on its way to exceed EUR 200 million by the end of 2025, primarily through digital transformation and condition-based monitoring.
CO2 Emission Rights Optimization
Solvay generated EUR 40 million EBITDA and EUR 50 million cash gain from selling part of their CO2 emission rights inventory in Q3. This strategic move is not a one-off and can be repeated depending on market conditions.
Rare Earth Expansion and Innovation
Solvay inaugurated a new production line for Nd-Pr oxide for permanent magnets at La Rochelle, France, and plans to expand capacity for other rare earth elements like samarium, dysprosium, and terbium by 2026.