MOSCOW (MRC) -- Trinseo, a global materials solutions provider and manufacturer of plastics and latex binders, and Indaver, a leader in sustainable waste management in Europe, have signed an offtake agreement for recycled styrene (r-styrene), as per Trinseo's press release.
Under the terms of the agreement, Trinseo will buy a minimum of 50% of the r-styrene produced at Indaver for a 10-year period, following startup of the plant planned in 2023.
As with its other waste collection processes, Indaver will collect post-consumer polystyrene (PS), such as yogurt pots and single-use packaging, and recycle and produce the r-styrene through a proprietary depolymerization technology at its Antwerp, Belgium site. The r-styrene will then be sent to Trinseo’s Tessenderlo, Belgium site nearby and will be used to manufacture recycled PS resins for dairy packaging and other applications. Both the r-styrene and r-PS products will be ISCC Plus mass balance certified.
Recycled PS has the exact same properties as PS made with virgin fossil-based material. Because of the simple chemical structure of PS, infinite recycling has become a reality, and its purity makes it an ideal material for food packaging. Trinseo recently launched rPS, STYRON CO2RE CR55 PS Resins for food contact applications early this year. This particular product has been used to make the first yogurt pot made with a food contact compliant polystyrene recyclate for a leading European yogurt brand, which has been on shelves in France since May 2021.
Trinseo is active in creating innovative circular solutions by partnering with like-minded customers, suppliers, and stakeholders. The company believes circularity is the future and is committed to being part of the process. Indaver is committed to realizing a circular economy as well by creating value from wastes, with a strong focus on the elimination of impurities to guarantee high quality recycled products. Indaver has become a specialist over the last 10 years in reaching those high-quality specifications in its end products by innovative chemical processes. Both companies share a common drive to contribute to a circular economy through technological innovations and they have been exploring a mutually beneficial collaboration for the past three years.
As MRC reported earlier, Trinseo and its affiliate companies in Europe have also announced a price reduction for all polystyrene (PS) grades in Europe. Effective September 1, 2021, or as existing contract terms allow, the contract and spot prices for the products listed below went down, as follows:
- STYRON general purpose polystyrene grades (GPPS) -- by EUR65 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR55 per metric ton;
According to ICIS-MRC Price report, in Russia, Nizhnekamskneftekhim raised its September selling HIPS an GPPS prices for most buyers by Rb700-750/tonne amid an increase in delivery costs. However, some market participants reported a price roll-over.
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.
Indaver is a European player in the waste industry with plants and operations in Belgium, the Netherlands, France, Germany, Portugal, Italy, Ireland and the United Kingdom. Indaver manages and treats industrial and household waste in specialist facilities for the (petro)chemical and pharmaceutical industry, waste collectors and governments. Indaver recovers valuable raw materials and energy from these treated waste streams. By doing so, Indaver is creating value from waste and helping to close the materials loop in a safe, low carbon and energy-efficient manner, which makes Indaver the ideal partner in the pursuit of a sustainable circular economy. In 2020, Indaver achieved a turnover of EUR600 million with approximately 1,900 staff throughout Europe.