Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics and latex binders, and Indaver, a leader in sustainable waste management in Europe, have signed an offtake agreement for recycled styrene (r-styrene).
Under the terms of the agreement, Trinseo will buy a minimum of 50 percent of the r-styrene produced at Indaver for a 10-year period, following startup of the plant planned in 2023.
As with its other waste collection processes, Indaver will collect post-consumer polystyrene (PS), such as yogurt pots and single-use packaging, and recycle and produce the r-styrene through a proprietary depolymerization technology at its Antwerp, Belgium site. The r-styrene will then be sent to Trinseo’s Tessenderlo, Belgium site nearby and will be used to manufacture recycled PS resins for dairy packaging and other applications. Both the r-styrene and r-PS products will be ISCC Plus mass balance certified.
Recycled PS has the exact same properties as PS made with virgin fossil-based material. Because of the simple chemical structure of PS, infinite recycling has become a reality, and its purity makes it an ideal material for food packaging. Trinseo recently launched rPS, STYRON™ CO2RE™ CR55 PS Resins for food contact applications early this year. This particular product has been used to make the first yogurt pot made with a food contact compliant polystyrene recyclate for a leading European yogurt brand, which has been on shelves in France since May 2021.
“We are delighted to have Indaver as our partner,” said Nicolas Joly, Vice President, Plastics & Feedstocks of Trinseo, “Collaboration throughout the value chain will continue to be critical as we look for ways to innovate and provide practical solutions to societal challenges. This long-term offtake agreement demonstrates Trinseo’s commitment to PS recycling and helping to build a circular economy.”
“With our innovative Plastics2chemicals project, Indaver will be able to recycle plastics successfully into base chemicals for the industry.” said Paul De Bruycker, CEO of Indaver “We are thus realizing our ambitions to be a waste management company that plays an essential role in the circular economy. With the long-term offtake agreement signed with Trinseo we obtained one of the cornerstones which will support our 100 mio € investment in a breakthrough chemical recycling plant.”
Trinseo is active in creating innovative circular solutions by partnering with like-minded customers, suppliers, and stakeholders. The company believes circularity is the future and is committed to being part of the process. Indaver is committed to realizing a circular economy as well by creating value from wastes, with a strong focus on the elimination of impurities to guarantee high quality recycled products. Indaver has become a specialist over the last 10 years in reaching those high-quality specifications in its end products by innovative chemical processes. Both companies share a common drive to contribute to a circular economy through technological innovations and they have been exploring a mutually beneficial collaboration for the past three years.
By Trinseo, Press Release
INEOS, Europe’s biggest operator of electrolysis needed to produce clean, low carbon hydrogen, has doubled down on its €2 billion investment in green hydrogen with the launch of a hydrogen advocacy campaign. The campaign kicked off with the publication of a powerful editorial in the Sunday Telegraph on the hydrogen economy written by Sir Jim Ratcliffe, INEOS’s founder and chairman.
Vertellus, a manufacturer of specialty products for consumer goods, food & agriculture, healthcare, and industrial markets, today announced the completion of its acquisition of IM Chemicals. With the addition of IM Chemicals, Vertellus expands its specialty ingredients portfolio into new markets and bolsters its manufacturing capabilities in Europe.
A new collaboration between scientists, engineers, industry and farming experts hopes to demonstrate how clever technology can reduce the powerful greenhouse gases released by livestock to help agriculture reach carbon emissions targets.