Trinseo and GMP to Establish a Recycling Plant in Europe
Trinseo (NYSE: TSE) and GMP Group announce a collaboration to enhance the circularity of polystyrene (PS) through a new recycling plant in the Netherlands, expected to start in 2024. This partnership aims to purify PS waste and produce high-quality recycled PS pellets, supporting sustainability goals. The plant will have a minimum capacity of 25kt. Both companies will also explore further supply and processing opportunities to develop sustainable solutions. Trinseo reported net sales of approximately $4.8 billion in 2021, reinforcing its commitment to innovative material solutions.
- Collaboration with GMP Group to establish a recycling plant in the Netherlands, enhancing PS circularity.
- The plant is expected to start operations in 2024 with a capacity of 25kt, contributing to sustainability efforts.
- Trinseo reported net sales of approximately $4.8 billion in 2021, indicating strong market presence.
- None.
To produce recycled food-contact polystyrene material, anticipated startup in 2024
HORGEN,
Food-contact PS is an ideal material for food packaging, and recycled food-contact PS helps contribute to the circularity of packaging materials, especially when packaging waste remains a concern in many domains. (Photo: Business Wire)
PS is a common material used in numerous applications, including packaging and consumer goods. Food-contact PS is an ideal material for food packaging, and recycled food-contact PS helps contribute to the circularity of packaging materials, especially when packaging waste remains a concern in many domains.
Trinseo and GMP’s collaboration aims at providing a framework for cooperation, on an exclusive basis, the construction and operation by GMP of an advanced pretreatment or regeneration plant with a minimum 25kt capacity in
“The Trinseo–GMP collaboration is yet another important move toward helping our customers reach their sustainability goals and closing the loop for a circular economy, and both companies realize that the most successful way to do this is through synergy along the value chain,” said
“This partnership is an essential step forward in our strategies contributing to a healthier world and increased sustainability. Every day, we look for circular business innovations like valuing plastic waste by recycling it into new resources. Together with Trinseo, we can now develop, build, and operate a state-of-the-art recycling plant in
The intended collaboration will see the two companies conduct research into other supply and processing opportunities, utilizing their combined technology expertise to help develop more sustainable solutions.
About Trinseo
Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.
From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical.
Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in
About
In more than 30 years, the Dutch family owned
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This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to complete construction and commence operation of a polystyrene pretreatment or regeneration plant to purify and recycle polystyrene waste; our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the
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Trinseo
Email: peggysung@trinseo.com
Source: Trinseo
FAQ
What is Trinseo's collaboration with GMP Group about?
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