ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Trinseo Offers Recycled Polystyrene via Dissolution Technology

Company Adds to its Portfolio of Materials that Support a Circular Economy

Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber recently commercialized its recycled polystyrene (PS) from dissolution technology and is offering a new material using this process -- STYRON™ CO2RE™ 687DI30. This is the first of a series of recycled PS products that Trinseo intends to launch under the STYRON™ CO2RE™ brand in the coming years.

With this material / recycling method, post-consumer recycled (PCR) material is dissolved in a solvent followed by a series of purification steps to separate the polymer from additives and contaminants. The material is fed into a polymerization reactor train and the result is a PS polymer with 30 percent PCR content for use in applications including consumer electronics, packaging, and food contact applications if a functional barrier is present to ensure compliance.

According to Trinseo’s Plastics Circularity Manager, Julien Renvoise, STYRON™ CO2RE™ 687DI30 Polystyrene supports a circular economy. “By reclaiming used plastic, we can make sure that a material that otherwise might have ended up as post-consumer waste not only is reused productively but contributes to sustainable manufacturing and a positive impact on the environment.”

To measure impact, Trinseo compared a general-purpose polystyrene produced with 100 percent fossil fuel with a batch made from 30 percent post-consumer recycled content in a lifecycle assessment and found a 15 percent reduction in CO2 emissions. In another study Trinseo found that performance properties remained similar. This includes transparency, a difficult property to achieve with recycled content.

Dissolution is a physical recycling approach for PS that preserves the molecular structure of the recyclate. Trinseo has been focused on finding ways to recycle PS due to the polymer’s unique capacity for full circularity including its intrinsic capability to be fully recycled into the constituent monomer.

Recycled PS is just one of Trinseo’s sustainable materials aimed at circularity. The company also is involved with depolymerization with technology provided by partner, Recycling Technologies, and plans to build a dedicated plant at its Tessenderlo, Belgium location. This will be one of two polystyrene recycling plants in Europe estimated to add a total of 30,000 tons of polystyrene feedstock into the European marketplace.

About Trinseo

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 $3.0 billion in net sales in 2020. With the May 2021 acquisition of the PMMA business, the Company has 24 manufacturing sites around the world, and approximately 3,500 employees. For more information, please visit: www.trinseo.com.

###

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 estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities and cost synergies relating to the acquisition of the MMA and PMMA businesses from Arkema S.A.; 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 such a difference include, but are not limited to, our ability to successfully integrate the acquired MMA and PMMA businesses, generate expected cost savings and synergies, maintain relationships with customers, retain key employees and profitably grow the business; 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.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.32
+0.00 (0.00%)
AAPL  270.04
+0.00 (0.00%)
AMD  250.05
+0.00 (0.00%)
BAC  53.54
+0.00 (0.00%)
GOOG  278.06
+0.00 (0.00%)
META  627.32
+0.00 (0.00%)
MSFT  514.33
+0.00 (0.00%)
NVDA  198.69
+0.00 (0.00%)
ORCL  248.17
+0.00 (0.00%)
TSLA  444.26
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.