MOSCOW (MRC) - Trinseo (formerly Styron), a large European polymer manufacturer, is planning to build a polystyrene (PS) processing plant in Tessenderloo, Belgium, which is expected to start operating in 2023, the company said in a statement.
It is noted that the company will use depolymerization technology, which breaks down polymers for chemical processing of the material. Recycled polystyrene will have identical properties to virgin polystyrene.
Trinseo is currently working in partnership with Germany's INEOS Styrolution and UK-based Recycling Technologies on the construction of a recycled polystyrene plant in the UK, to be launched in 2022.
INEOS Styrolution also plans to build its own polystyrene processing plant in Wingles, France. Recycling Technologies has been selected as the supplier of technology for the processing of polystyrene.
As per MRC, Trinseo raises May PS, ABS and SAN prices in Europe.
According to ICIS-MRC Price report, in Russia, Nizhnekamskneftekhim's PS prices remained unchanged in May. Prices of Nizhnekamskneftekhim's GPPS were in the range of roubles (Rb) 192,000-203,000/tonne, CPT Moscow, including VAT, whereas HIPS prices were at Rb196,000-207,000/tonne CPT Moscow, including VAT. At the same time, May prices of Penoplex's material fell by Rb15,000/tonne to Rb204,000-206,000/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 USD3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees.
MRC