MRC -- The compounding group HEXPOL TPE has added to its credentials: The International Sustainability & Carbon Certification (ISCC PLUS) was awarded to their site in Lichtenfels, Germany, in October, said the company.
ISCC PLUS is a global certification scheme providing traceability along the supply chain and guarantees correct and transparent use of the mass balance approach. All companies along the supply chain undergo the ISCC PLUS audit process, meaning when HEXPOL TPE purchases ISCC PLUS-certified raw materials, all upstream entities will have been verified. Sustainability declarations create a chain of custody from origin through to the brand owner.
Mass balance allows for a gradual increase of the non-virgin fossil share of polymer compounds with the target to reduce the use of fossil raw materials step by step. The certification allows HEXPOL TPE to produce ISCC PLUS certified bio, circular and/or bio circular attributed TPE materials via the mass balance approach.
We remind, HEXPOL has entered the US thermoplastics elastomer (TPE) compounding market with the acquisition of Star Thermoplastic Alloys and Rubbers for $26.5m. Star, with 30 employees at operations near Chicago and annual sales of about $20m, supplies customers in a number of segments, including automotive, building and construction, medical, industrial, electronics and consumer.