Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex binders, and synthetic rubber, announced today the initiation of a joint development project with Fernholz – a leading manufacturer of plastics packaging – to develop a high-quality Polystyrene (PS) product composed of 25% recycled material through a chemical recycling dissolution process. The collaboration is expected to have commercial viability by mid-year 2020.
At the industry renown K 2019 trade fair, Trinseo announced plans to offer PS packaging with an average of 30% recycled content to customers in Europe by 2025. This partnership with Fernholz is a key milestone in progressing closer to this pledge.
“This project with Fernholz highlights that partnership along the value chain is key to showing polystyrene’s position as a highly sustainable, fully recyclable material for every end market,” said Nicolas Joly, Global Business Director, Polystyrene and Feedstocks at Trinseo.
Dissolution of PS is a process in which post-consumer waste is dissolved in a solvent followed by a series of purification steps, separating the polymer from additives and contaminants, resulting in a PS polymer containing recycled post-consumer waste.
“Polystyrene is, for us, a key plastic material and state of the art product for the FFS (form-fill-seal) market, which is highly used in the dairy industry,” said Uwe Fernholz, Managing Director and Owner of Fernholz Verpackungen. “We do see a great potential not only for this traditional FFS market but a rebound to other markets if we can prove the specific advantages of polystyrene in regard to recycling. We are delighted to support this project and emphasis customers to do similar.”
Trinseo is engaged in further initiatives to unlock the circularity of PS, namely in depolymerization, clean mechanical recycling, as well as dissolution. PS circularity is well positioned as it diverts waste material away from landfills, leading to a reduction in greenhouse gases and harmful emissions.
With a leadership position in the development of circular PS, Trinseo is a founding member of Styrenics Circular Solutions, a consortium that explores new methods for PS recycling. In North America, AmSty – a Trinseo joint venture and leader in polystyrene and styrene monomer production – recently formed a joint venture of its own with Agilyx – a world leader in chemical recycling of waste plastic – named Regenyx LLC. The joint initiative is dedicated to fully recycling post-consumer PS materials back into new PS products, using the circular method known as the PolyUsable™ process.
Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.
From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical.
Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe, and Asia Pacific. Trinseo reported net sales of approximately $4.8 billion in 2021. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.
Cautionary Note on Forward-Looking Statements
This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake 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.