MOSCOW (MRC) -- Trinseo, a global materials solutions provider and manufacturer of plastics and latex binders, has announced its entry into a definitive agreement to acquire Heathland B.V., a leading collector and recycler of post-consumer (PCR, EoL) and post-industrial (PIR) plastic wastes in Europe, as per the company's press release.
As a plastic waste collector and recycler based in Utrecht, the Netherlands, Heathland is focused on converting PCR and PIR polymethyl methacrylate (PMMA), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polystyrene (PS) and other thermoplastic waste. The company collects, pre-treats and processes plastic waste materials using mechanical and chemical recycling processes, and captures the materials’ maximum value by transforming them into high quality recycled raw materials for a wide range of high-end applications. Heathland is well established in Europe with several notable projects, including MMATwo and REVOLUTION, which are funded by the Horizon 2020 program of the European Commission.
The acquisition serves as an important milestone of Trinseo’s transformation journey into a specialty materials and sustainable solutions provider. As the Company’s extensive sustainable product portfolio continues to grow, this agreement will help meet market demand by securing a reliable source of recycled feedstock through the addition of a plastic waste collection business and enhancing the ongoing development of plastic recycling technologies.
The investment is aligned with Trinseo’s 2030 Sustainability Goals, which outline the Company’s focus on tackling climate change, embedding sustainability in its product portfolio, promoting supplier and operational stewardship, and embodying responsibility as an employer.
As MRC reported earlier, Trinseo and its affiliate companies in Europe, have announced a price increase for all polystyrene (PS), acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) in Europe. Effective December 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 EUR50 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR50 per metric ton;
- MAGNUM ABS resins - by EUR50 per metric ton;
- TYRIL SAN resins - by EUR50 per metric ton.
According to ICIS-MRC Price report, in Russia, for large- and middle-sized buyers, December prices of Nizhnekamskneftekhim's GPPS were in the range of roubles (Rb) 172,750-183,700/tonne CPT Moscow, including VAT, whereas HIPS prices were at Rb178,750-189,000/tonne CPT Moscow, including VAT. Penoplex's limited December GPPS quantities were contracted at Rb195,000-197,000/tonne CPT Moscow, including VAT, in early December. The producer reported the absence of available quantities until the end of the month. Prices of Gazprom neftekhim Salavat's GPPS were at Rb172,500-181,000/tonne CPT Moscow, including VAT, this week.
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.
Heathland is a collector and recycler of post-consumer (PCR, EoL) and post-industrial (PIR) plastic waste, situated in Utrecht, the Netherlands. Its recycling service is focused on a wide array of plastic wastes with particular focus on PMMA, PC, ABS and PS. Collected plastic wastes are pre-treated and processed by means of mechanical and chemical recycling processes.