Company aims to achieve a resource efficient circular economy
BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
(NYSE: TSE), a global materials company and manufacturer of plastics,
latex binders and synthetic rubber, announced today its participation in
an industry
initiative to identify and develop new recycling solutions that will
convert post-consumer polystyrene waste into virgin polystyrene that
will meet the most demanding industry standards, including for
food-related use.
As a member of this PlasticsEurope Polystyrene initiative, Trinseo is
committed to advancing recycling solutions for polystyrene. Trinseo
supports an objective, technology-based strategy and vision for the
plastics and packaging industry, guided by circular economy principles.
“Proactively advancing polystyrene recycling solutions is a critical
task that Trinseo fully supports while adhering to circular economy
principles,” said Tim Stedman, Senior Vice President and Business
President, Basic Plastics & Feedstocks at Trinseo. “Furthermore,
engaging in such an initiative supports Trinseo’s core value of being
socially responsible and delivering innovative and sustainable solutions
to help our customers solve the most complex materials challenges.”
Polystyrene is a versatile material for packaging,
food service, building
materials, consumer
products and other uses. As a light and stable material, polystyrene
not only insulates well, keeping produce fresh over long periods of
time, but is a low cost and recyclable alternative. For over 80 years, STYRON™
Polystyrene has paved the way for technological advancements around
the world.
About Trinseo
Trinseo (NYSE: TSE) is a global materials solutions provider and
manufacturer of plastics, latex binders, and synthetic rubber. We are
focused on delivering innovative and sustainable solutions to help our
customers create products that touch lives every day — products that are
intrinsic to how we live our lives — across a wide range of end-markets,
including automotive, consumer electronics, appliances, medical devices,
lighting, electrical, carpet, paper and board, building and
construction, and tires. Trinseo had approximately $3.7 billion in net
sales in 2016, with 16 manufacturing sites around the world, and nearly
2,200 employees. For more information visit www.trinseo.com.
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“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
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“potential,” “continue,” and similar expressions are intended to
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this press release may include, without limitation, forecasts of growth,
revenues, business activity, acquisitions, financings and other matters
that involve known and unknown risks, uncertainties and other factors
that may cause results, levels of activity, performance or achievements
to differ materially from results expressed or implied by this press
release. As a result of the foregoing considerations, you are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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Source: Trinseo