Excellent quarterly results, confirming the soundness of our strategy toward Specialty Materials, and achieved in a very inflationary context. Annual guidance raised despite a more uncertain macroeconomic environment.

Arkema has set itself an ambitious target to reduce its scope 1 and 2 greenhouse gas emissions and its scope 3 emissions by 46% by 2030 relative to 2019. Thus, the Group is raising its level of commitment from well below 2°C to 1.5°C, and now also includes all scope 3 emissions.

Due to strong demand for lithium-ion batteries and other important markets, Arkema’s previously announced 35% fluoropolymer capacity increase at its Changshu site in China is now revised upwards to a capacity increase of 50%.