Trinseo (NYSE: TSE), a specialty material solutions provider and Japan Steel Works Europe GmbH (JSW EU), a group company of The Japan Steel Works, Ltd. (JSW), a manufacturer of industrial and plastics machinery, today announce a collaborative effort on chemical recycling of polymethyl methacrylate (PMMA).
In this collaboration, JSW and JSW EU will supply a depolymerization extruder and technologies to Trinseo as well as provide technical support. Trinseo will source and pretreat PIR/PCR PMMA waste as feedstock to produce recycled MMA (rMMA). rMMA produced by Trinseo will then be used in the development of circular PMMA solutions. PMMA is used in an array of markets, such as automotive and transportation, building and construction, sanitary ware, lighting and home appliances.
Depolymerization is a chemical recycling process by which PMMA waste can be efficiently recycled back into its monomer to yield truly circular products. It is a versatile process that can handle general PMMA waste and waste that is not fit for mechanical recycling in the categories of both PCR and PIR streams. The production of r-MMA using this chemical recycling process, as opposed to virgin production techniques, also comes with a significant reduction in carbon footprint1. Furthermore, PMMA products produced from chemically recycled monomer exhibit properties identical to their virgin equivalent.
“Chemical recycling is yet another solution towards genuine material circularity. It is our belief that we will be successful in the sustainability journey through collaboration with partners in the value chain, therefore we look forward to working with JSW,” said Francesca Reverberi, SVP and Chief Sustainability Officer of Trinseo.
“As a specialty machinery company, we are committed to collaborating with our value chain partners in realizing circularity. We are thrilled that our know-how could bring synergy to the circularity of the material PMMA, and at the same time bring positive impacts to the industry,” said Masaki Izawa, Managing Director of JSW Europe.
The cooperation between Trinseo and JSW is a testament to the importance of circularity in the industry. Both companies have been engaged in the MMAtwo project2 for the past four years. Heathland, acquired by Trinseo earlier this year, was the coordinator of the MMAtwo consortium.
1. MMAtwo - Environmental Benefits Calculator (mmatwo-footprinter.eu)
2. MMAtwo - European Union’s Horizon 2020 research and innovation program under grant agreement No. 820687
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.
About JSW Europe
The Japan Steel Works, Ltd. was founded in 1907 as a joint venture among two British firms (W.G. Armstrong and Vickers) and one Japanese company with a focus on production of military equipment.
After the war, JSW transferred the sophisticated technologies and considerable experience to meet peacetime needs and branched out into new business fields such as materials and equipment for automobiles, electronics, shipbuilding and petrochemicals. The company have concentrated over the last three decades on proprietary special steels and steel products, plastics and other industrial machinery. JSW’s HQ is located in Tokyo, Japan, with 4 plants and 20 offices worldwide.
To focus the plastics machinery business on the European market, and to bring the customers and JSW close to each other, Extrusion Technical Center was opened in Belgium in 2010. In 2012, the office became a local subsidiary “Japan Steel Works Europe GmbH” to focus further enhancement of the service to European market. In 2017, Extrusion Technical Center was relocated into Dusseldorf, Germany to achieve more special trial such as reactive processing, devolatilizing and dewatering, and to improve accessibility of customers.
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.
Trinseo Displays Material Solutions for Outdoor Living at the International Pool-Spa-Patio / Deck Expo in Las Vegas
December 01, 2023
Trinseo Announces Quarterly Dividend of $0.01 Per Share
November 16, 2023
Trinseo + COMMUNITY - Trinseo Hong Kong’s Floral Conservation Volunteer Activity
November 09, 2023