Freshfields advised Syensqo SA (“Syensqo”) on its joint venture with Orbia Group for the production of suspension-grade polyvinylidene fluoride (PVDF), creating the largest capacity for suspension-grade PVDF in North America. The transaction closed on December 13, 2023. The joint venture will fill a significant supply gap and will build upon favorable regulatory conditions promoting regional production and material security. Syensqo and Orbia intend to use two production sites, one for raw materials and the other for finished product, located in the southeastern United States. Both plants are expected to be fully operational by 2026. More information on the transaction is available here.

The Freshfields team was led by partner Sebastian Fain and associates Lauren Storwick, Ryan Taylor and Chinyere Obi on corporate and M&A matters; partner Menachem Kaplan and associates Daniel Spencer and Jennifer Lei on intellectual property and commercial matters; counsel James Chapman and associates Selina Pope and Jennifer Kanu on project development matters; partner Kyle Lakin and associate Hadar Tanne on financing matters; partner Claude Stansbury and associate Hannah Golden on tax matters; and partner Jan Rybnicek and associates Timothy Swartz and Leys Reinout on antitrust matters.