Solvay reaches nearly $393 million PFAS settlement with New Jersey

The U.S. branch of Belgian chemicals company Solvay (SOLB.BR) has struck a nearly $393-million deal with the New Jersey Department of Environmental Protection (NJDEP) to settle some claims linked to drinking water pollution caused by one of its plants, Solvay announced on Wednesday.

The funds will be used to test for, filter and clean up pollution from per-and polyfluoroalkyl substances, or PFAS, near the company's southern New Jersey plant.