The three-year strategic partnership will help boost the company’s growth and reinforce its innovation commitments towards circular economy
Syensqo and the Ellen MacArthur Foundation have signed a Strategic Partner agreement for three years, focusing on advancing the circularity and sustainability agenda within the chemical sector. The partnership underscores Syensqo’s commitment to actively contribute to the transformation of value chains to circular business models.
As a continuation of the existing partnership with Solvay before the spin-off of Syensqo in December 2023, this renewed partnership will enable the Foundation network to continue relying on Syensqo’s input and expertise while also supporting its efforts to find new solutions to eliminate waste, make products and materials circular, and regenerate nature.
With the global population expanding rapidly and exerting increased pressure on resources, the demand for forward-looking sustainable solutions, and for creating a more just and fair society becomes ever more imperative.
Beyond its own track to become carbon neutral by 2040, as a science company, Syensqo’s goal is to deliver clean and natural solutions to tackle the crucial challenges of our planet and society, through innovation.
“Currently, over 80% of Syensqo’s innovation pipeline is dedicated to crafting sustainable solutions, and we aim to enhance the adoption of circular practices by committing to increase circular sales by 18% by 2030. Chemistry is a potent catalyst for material transformation, and in our capacity as a worldwide manufacturer and provider of advanced materials and specialty chemicals, Syensqo plays a pivotal role in this system. It is only through chemistry that we can achieve the reuse of products while maintaining their quality and value. Our sustainability commitments are therefore centered around the three areas where we believe we can have the greatest positive impact: Climate and Nature, Sustainable Growth, and Better Life.”
“We are delighted to renew our Strategic Partnership with Syensqo and welcome its strong commitment to developing circular solutions in ways which can benefit the environment, society and the economy. Chemicals are part of every industry’s value chain, therefore we see this as an exciting opportunity to help transform a sector which has a pivotal role to play in the transition to a circular future.”
Syensqo’s work in the field of advancing circular economy with the Foundation focuses on three levers where chemistry can make a difference:
- Recirculating valuable materials (e.g Syensqo’s technology enables the recovery of strategic metals from used EV batteries at a level of purity that enables their re-use in new batteries)
- Extending the longevity of materials (through constant product improvement through Research and innovation)
- Integration of sustainable renewable feedstocks and the development of biodegradable products by design
Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates in 30 countries.
Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and health care applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity.
The Ellen MacArthur Foundation is an international charity developing and promoting the circular economy in order to tackle some of the biggest challenges of our time, such as climate change, biodiversity loss, waste, and pollution. We work with our network of private and public sector decision-makers, as well as academia, to build capacity, explore collaborative opportunities, and design and develop circular economy initiatives and solutions.
Increasingly based on renewable energy, a circular economy is driven by design to eliminate waste, circulate products and materials, and regenerate nature, to create resilience and prosperity for business, the environment, and people.
Further information: www.ellenmacarthurfoundation.org | @circulareconomy