MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and BASF, the world's largest petrochemical company, have announced the intention to expand their businesses with the production of styrene monomer (SM) based on circular feedstock, said BASF in its press release.
The enhanced collaboration between Trinseo and BASF aims to increase efforts by both companies in the development and management of SM featuring an improved environmental profile.
Trinseo has recently been procuring first supplies of the synthetical chemical styrene based on circular feedstock from BASF for use in its Solution-Styrene Butadiene Rubber (S-SBR) and polystyrene (PS) products. Trinseo supplies S-SBR to major tires manufacturers while its PS products are used in applications such as food packaging and appliances. The first few customers have already processed the material.
“By creating synergy across the value chain, the Trinseo-BASF collaboration is an important move towards helping our customers reach their sustainability goals as well as the development of a truly circular economy,” said Nicolas Joly, Vice President, Plastics & Feedstocks of Trinseo. “The initiative is also in line with Trinseo’s 2030 Sustainability Goals announced earlier this year.”
“CO2 emission reduction and a circular economy are BASF’s paramount targets. Using circular feedstocks instead of virgin fossil resources contributes directly or indirectly to an improved CO2 footprint of subsequent products,” says Klaus Ries, Vice President for BASF’s Styrenics Business Europe. “While our customer Trinseo procures biomass balanced (BMB) styrene for their downstream business already, styrene Ccycled will be available in the near future”.
As MRC reported earlier, Trinseo and its affiliate companies in Europe have announced a price increase for all PS, acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) in Europe. Effective April 1, 2021, 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 EUR330 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR330 per metric ton;
- MAGNUM ABS resins - by EUR300 per metric ton;
- TYRIL SAN resins - by EUR350 per metric ton.
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 USD3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees.
BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.