Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced today its participation in an industry initiative to identify and develop new recycling solutions that will convert post-consumer polystyrene waste into virgin polystyrene that will meet the most demanding industry standards, including for food-related use.
As a member of this PlasticsEurope Polystyrene initiative, Trinseo is committed to advancing recycling solutions for polystyrene. Trinseo supports an objective, technology-based strategy and vision for the plastics and packaging industry, guided by circular economy principles.
“Proactively advancing polystyrene recycling solutions is a critical task that Trinseo fully supports while adhering to circular economy principles,” said Tim Stedman, Senior Vice President and Business President, Basic Plastics & Feedstocks at Trinseo. “Furthermore, engaging in such an initiative supports Trinseo’s core value of being socially responsible and delivering innovative and sustainable solutions to help our customers solve the most complex materials challenges.”
Polystyrene is a versatile material for packaging, food service, building materials, consumer products and other uses. As a light and stable material, polystyrene not only insulates well, keeping produce fresh over long periods of time, but is a low cost and recyclable alternative. For over 80 years, STYRON™ Polystyrene has paved the way for technological advancements around the world.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.8 billion in net sales with 2,700 employees globally in 2019. For more information, please visit: www.trinseo.com.
This press release may contain “forward-looking statements” including, without limitation, statements concerning plans, objectives, goals, projections, expectations, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like “expect,” “estimate,” “will,” “may,” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on the Company’s current expectations and assumptions regarding the impact from the COVID-19 pandemic, the Company’s business, the economy and other future conditions. Specific factors that could cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, risks related to the ongoing impact of the COVID-19 pandemic and those discussed in the Company’s Annual Report for the year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”), in subsequent Quarterly Reports on Form 10-Q and in other filings and furnishings made by the Company with the SEC from time to time. Other unknown or unpredictable factors could also have material adverse effects on the Company’s performance. As a result of these or other factors, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and are not a guarantee of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.