Solvay has completed the acquisition of a 20% minority stake of AGC in the Soda Ash joint venture in Green River, WY, USA for $120 million.

Solvay and AGC formed the Solvay Soda Ash Joint Venture (SSAJV) in 1992.

The facility, operated by Solvay, produces soda ash and sodium bicarbonate from trona, a naturally occurring mineral to serve the glass, chemicals, detergents and food industries, among others.

Philippe Kehren, President of Solvay’s Soda Ash & Derivatives business, said: “The acquisition of AGC’s stake in the JV simplifies our portfolio and is an attractive opportunity to enhance and further reinforce our business and a future independent EssentialCo.

“Increasing our supply of trona-based soda ash is directly aligned with our sustainability ambitions to bring lower carbon-intensive soda ash to the market.

“Expanding our US trona-based capacities will support in a cost-effective manner our ability to meet growing demand in the Americas and in Asia, which is driven by megatrends including electrification, which uses soda ash to produce lithium carbonate used in EV batteries, and resource efficiency, where it’s used in flat glass for solar panels."