Creation of Solvay Energy Services, a business focused on energy and CO2 challenges

Date: 25 January 2012
Source: http://www.reuters.com
Solvay announces the creation of Solvay Energy Services, the first concrete outcome of the integration of Solvay and Rhodia.

This new business aims to optimize the energy costs and CO2 emissions both of the Group and on behalf of third parties.

Solvay Energy Services will make use of the expertise of Solvay, Rhodia and Orbeo to optimize the energy purchases of the new group, which amount to EUR 1.2 billion per year, as well as helping the Business Units and production sites manage their energy requirements and CO2 emissions. In addition Solvay manages energy co-generation facilities worldwide with an installed production capacity to date equivalent to 1000 MW. These various resources will contribute toward the Group's objective of a 20 percent reduction in its energy consumption and greenhouse gas emissions by 2020.

The business will also develop activities to help external customers reduce their environmental footprint. These will mainly focus on energy services, CO2 management and the development of renewable energy and biofuels.

Solvay Energy Services, operational as of January 1, 2012, is headed by Philippe Rosier. Commenting on this move, he said: "The creation of this business, which will leverage the performance of the Group, represents an important step and a first success in the integration of Solvay and Rhodia. We are delighted to be able to consolidate our unique expertise in one team and contribute toward the fight against climate change. We are determined to become a major player in innovative energy solutions."

SOLVAY is an international chemical Group committed to sustainable development with a clear focus on innovation and operational excellence. Its recent acquisition of specialty chemicals company Rhodia created a much larger player, which is realizing over 90% of its sales in markets where it is among the top 3 global leaders. Solvay offers a broad range of products that contribute to improving the quality of life and the performance of its customers in markets such as consumer goods, construction, automotive, energy, water and environment, and electronics. The Group is headquartered in Brussels, employs about 30,000 people in 55 countries and generated EUR 12 billion in sales (pro forma) in 2010. Solvay SA is listed on NYSE Euronext in Brussels and Paris (SOLB.BE - Bloomberg: SOLB.BB - Reuters: SOLBt.BR).

Solvay Energy Services is a global business unit of the Solvay Group, specialized in the fields of energy optimization and reduction of greenhouse gas emissions, according to the group's commitment in the fight against climate change. Solvay Energy Services manages approximately EUR 1.2 billion of energy purchases on behalf of the Group. Solvay Energy Services has also developed major projects to reduce emissions under the Clean Development Mechanism (CDM) of the Kyoto Protocol. More recently, Solvay Energy Services has strengthened its expertise by investing in renewable energy and biofuels, and developing energy and CO2 management services for third parties. Finally, the entity now owns a 100% stake in Orbeo, the company dedicated to carbon markets, which combines industrial, financial and environmental expertise dedicated to the reduction of greenhouse gas emissions.

For further details, please contact:

LAMIA NARCISSE

Corporate Press Officer

RHODIA

+33 1 53 56 59 62

lamia.narcisse@eu.rhodia.com    

ERIK DE LEYE

Corporate Press Officer

SOLVAY S.A +32 2 264 1530

erik.deleye@solvay.com    

MARIA ALCON HIDALGO

Head of Investor Relations

RHODIA

+33 1 53 56 64 89

maria.alcon-hidalgo @eu.rhodia.com    

PATRICK VERELST

Head of Investor Relations

SOLVAY S.A

+32 2 264 1540

patrick.verelst@solvay.com

600450 Creation of Solvay Energy Services, a business focused on energy and CO2 challenges glassonweb.com
Date: 25 January 2012
Source: http://www.reuters.com

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