MOSCOW (MRC) -- AmSty, INEOS Styrolution and Trinseo signed Joint Development Agreement to advance the circularity of polystyrene, said Trinseo.
AmSty, INEOS Styrolution and Trinseo are committed to a circular economy for polystyrene. This JDA represents the first global combined effort to explore advanced recycling technologies, optimize them for commercial use and call for all contributors along the value chain to make circularity of polystyrene a reality. The three companies are aiming at an economy where post-consumer polystyrene waste does not end up in landfills but is recognized as a valuable resource for the development of new materials for future use.
Polystyrene is a unique polymer suitable for multiple advanced recycling solutions like depolymerization. Its properties make it ideal for a circular economy – even enabling food contact compliancy of the recycled material, often considered the holy grail of polymer recycling.
All three companies have done their own independent research and have invested in various projects to further the commercialization of advanced recycling capacity. This new joint effort allows all participants to share best practices and optimize recycling technologies for large-scale commercial use.
As per ICIS-MRC Price Report, the high impact polystyrene (HIPS) and general purpose polystyrene (GPPS) market
participants in Russia said demand for material remained strong amid its shortage. Large buyers were generally provided with material according to their needs, whereas small ones could not fully meet their needs, as there were no free quantities of Nizhnekamskneftekhim's polystyrene (PS) for injection moulding, extrusion and production of XPS-boards at the beginning of autumn.
AmSty is a leading integrated producer of polystyrene and styrene monomer, offering solutions and services to customers in a variety of global markets. AmSty is a member of the American Chemistry Council and its Responsible Care initiative, and is headquartered in The Woodlands, Texas. AmSty is a joint venture equally owned by Chevron Phillips Chemical Company LP and Trinseo LLC.
INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering innovative and sustainable best-in-class solutions, designed to give them a competitive edge in their markets, and at the same time, help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure.
Trinseo is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, lighting, electrical, carpet, paper and board, building and construction, and tires. Trinseo had approximately USD3.8 billion in net sales in 2019, with 17 manufacturing sites around the world, and approximately 2,700 employees.
MRC