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AmSty, INEOS Styrolution and Trinseo Sign Joint Development Agreement to Advance the Circularity of Polystyrene

THE WOODLANDS, Texas & FRANKFURT, Germany & BERWYN, Pa. - Tuesday, September 15, 2020
  • JDA intends to accelerate the introduction of circularity for one of the most recyclable polymers, polystyrene

  • JDA targets advancements in all technical aspects to enable scaled investment in advanced commercial recycling solutions

To accelerate driving the circular economy for styrenics forward, three of the world’s leading polystyrene producers, AmSty, INEOS Styrolution and Trinseo signed a Joint Development Agreement (JDA) to jointly explore recycling options for polystyrene.

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.

Dr. Randy Pogue, President and Chief Executive Officer, AmSty: “I am thrilled to see the industry coming together globally to work on a common goal to realize true circularity for styrenics. This is a true win-win for all participants in this joint effort and finally for our customers, for consumers and for society.”

Alexander Glück, President EMEA, INEOS Styrolution, adds: “Polystyrene has all it takes to make it a star in a circular economy. Enhanced recycling technologies even offer recycled polystyrene at food contact quality. Which other polymer can do that?”

“This marks another milestone in our industry’s commitment towards a circular economy where we can continue to enjoy all the benefits of Polystyrene whilst solving the environmental challenges at the same time. I am looking forward to see other members of the value chain joining us to make our vision become a reality in the very near future,” summarizes Nicolas Joly, Vice President Plastics & Feedstocks, Trinseo.

About AmSty

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.


About INEOS Styrolution

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. In 2019, sales were at 5 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries. More information: www.ineos-styrolution.comFollow us on Twitter (@styrolution).

About Trinseo

Trinseo (NYSE:TSE) 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 $3.8 billion in net sales in 2019, with 17 manufacturing sites around the world, and approximately 2,700 employees. For more information visit www.trinseo.com.

Note on Forward-Looking Statements

This press release may contain “forward-looking statements” including, without limitation, statements concerning plans, objectives, goals, projections, expectations, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like “expect,” “estimate,” “will,” “may,” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on the Company’s current expectations and assumptions regarding the impact from the COVID-19 pandemic, the Company’s business, the economy and other future conditions. Specific factors that could cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, risks related to the ongoing impact of the COVID-19 pandemic and those discussed in the Company’s Annual Report for the year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”), in subsequent Quarterly Reports on Form 10-Q and in other filings and furnishings made by the Company with the SEC from time to time. Other unknown or unpredictable factors could also have material adverse effects on the Company’s performance. As a result of these or other factors, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and are not a guarantee of future performance. The Company undertakes 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.

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