MOSCOW (MRC) -- INEOS Styrolution, a global leader in styrenics, has joined the US Plastics Pact in their support for collaborative, solution-driven initiatives intended to drive significant system change in the design, use, and reuse of plastics, as per the company's press release.
The US Plastic Pact unites cross-sector approaches, setting a national strategy, and creating scalable solutions to create a path forward toward a circular economy for plastics in the United States by 2025.
As part of the US Plastics Pact, activators like INEOS Styrolution recognize that significant change is essential to realizing a circular economy for plastics. As such, the US Plastics Pact is assembling more than 10 brands, retailers, NGOs, and government agencies across the plastics value chain to bring one voice to US packaging. The members will employ coordinated initiatives and innovative solutions for rethinking products, packaging, and business models.
INEOS Styrolution has a strong vision for sustainability aimed at improving and increasing the recovery of post-consumer plastic waste and strengthening innovation for circularity. “We must be solution-focused. It is paramount that we see innovative advancements in sustainability and a circular economy of plastics brought into a global reality,” says Ricardo Cuetos, Vice President, INEOS Styrolution America LLC, Standard Products.
“Together, through the US Plastics Pact, we will ignite system change to accelerate progress toward a circular economy,” says Emily Tipaldo, Executive Director of the US Plastics Pact. “The US Plastics Pact will mobilize system wide change through support for upstream innovation and a coordinated national strategy. This unified framework will enable members to fast-track progress toward our ambitious 2025 sustainability goals. Members’ full participation will be vital to reaching our shared goals.”
As MRC reported earlier, in April 2021, INEOS Styrolution, Recycling Technologies and Trinseo announced that they had reached a significant milestone in their plans to build commercial polystyrene (PS) recycling plants in Europe. Recycling Technologies has been selected as the technology partner.
According to MRC's ScanPlast report, Russia's overall estimated consumption of polystyrene (PS) and styrene plastics was 283,400 tonnes in the first half of 2021, up by 27% year on year. June PS consumption increased by 32% year on year, totalling 48,060 tonnes.
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 solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions 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 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.