MOSCOW (MRC) -- Trinseo (Berwyn, Pennsylvania) says it has received mass-balance certification for three families of products that it manufactures at sites in Europe: polystyrene (PS), at Tessenderlo, Belgium; polycarbonate (PC), at Stade, Germany; and synthetic rubber, at Schkopau, Germany, reported Chemweek.
The certification was issued by International Sustainability & Carbon Certification (ISCC) following an audit by TUV Nord.
“The mass-balance certification is another step taken by Trinseo, as a material solutions provider, towards helping our customers reach their sustainability goals,” says Andre Lanning, vice president/strategy, corporate development, sustainability, and marketing communications.
Mass balance is a chain-of-custody approach to circularity that accounts for the intermingling of recycled, bio-based, and virgin petrochemical materials, in contrast to the alternative approach, physical segregation.
As MRC informed earlier, Trinseo and its affiliate companies in Europe have announced a price increase for all polystyrene (PS), acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) in Europe, according to the company's press release as of 5 October. Effective October 1, 2020, or as existing contract terms allow, the contract and spot prices for the products listed below rose as follows:
- STYRON general purpose polystyrene grades (GPPS) -- by EUR75 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR75 per metric ton;
- MAGNUM ABS resins - by EUR50 per metric ton;
- TYRIL SAN resins - by EUR30 per metric ton.
According to ICIS-MRC Price report, October prices of Russian PS continued their upward trend. A shortage of material remained in the domestic market. Traders said Nizhnekamskneftekhim reduced its offer prices for this month's PS purchases to 40%. October prices of Nizhnekamskneftekhim's GPPS grew for the agreed with buyers quantities to Rb89,000-95,000/tonne CPT Moscow, including VAT, whereas HIPS - to Rb93,000-99,000/tonne CPT Moscow, including VAT.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD3.8 billion in net sales in 2019, with 17 manufacturing sites around the world, and approximately 2,700 employees.