MOSCOW (MRC) -- Americas Styrenics (AmSty; The Woodlands, Texas) has announced that all of its products designed for food-service and food-packaging applications will contain 25% recycled content by 2030, according to Chemweek.
AmSty has been working toward the goal through Regenyx, its chemical recycling joint venture (JV) with Agilyx. Regenyx has to-date converted over 1 million lbs of polystyrene (PS) to virgin styrene monomer (SM).
As MRC reported earlier, in September, AmSty announced that it had joined Ineos Styrolution’s plans to build in Channahon, Illinois a 100-metric tons/day recycling facility based on the same technology.
"AmSty is fully committed to circular recycling of polystyrene," says Randy Pogue, president and CEO at AmSty. "Our Regenyx facility has proven that sustainable long-term solutions for our products are possible. That fuels our excitement for the Channahon facility and the meaningful advancement it will bring for polystyrene as a circular recycled product.”
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.
AmSty is a JV between Trinseo and Chevron Phillips Chemical (CPChem).