Trinseo Chemical Recycling Plant on Track

Technology & Engineering Companies Named

BERWYN, Pa.--(BUSINESS WIRE)--$TSE #chemicalrecycling--Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics and latex binders announced that plans for a world-class chemical recycling plant in Europe are progressing rapidly. In late 2021, Trinseo contracted with global technology provider Synova and global engineering services company Worley, and is currently working on an engineering package and preparing Trinseo’ s Tessenderlo, Belgium site for recycling operations.

Trinseo is targeting to begin construction by the end of 2022. The plant will be dedicated to recycled polystyrene (rPS), meeting increased demand for the material as brand owners seek sustainable options. It will process 15 kilotons of rPS flakes annually that will be converted into high quality recycled styrene to enable further production of polystyrene (PS) and/or a styrene derivative including Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN).

PS is one of the most widely used plastics and can be fully circular. Due to its simple chemistry, it can be converted to its monomer yielding a material with identical properties as its fossil equivalent.

“Trinseo chose Synova and Worley to move forward with because of their leadership in their respective areas, the efficiency and maturity of their technologies and approaches, and high-quality output,” said Francesca Reverberi, SVP and Chief Sustainability Officer. “Both, also, have a very strong commitment to sustainability and this alignment was critical for us as we continue our journey and goal of delivering sustainable material solutions, while maintaining high quality and performance.”

Synova is a provider of leading technology for the recycling of mixed plastic waste. The technology has been invented by TNO, an independent Dutch research organization, and features a highly efficient process to covert waste into high value products, while improving the CO2 footprint.

Worley delivers project and asset services for the energy, chemicals, and resources sectors around the world. The company provides expertise in engineering, procurement, and construction, as well as consulting services. Every day, its 48,000-strong team helps customers get one step closer to solving our planet’s toughest issues such as climate change, the energy transition, digital transformation, and how we can deliver a more sustainable world.

The construction of the Tessenderlo recycling facility is part of Trinseo’ s commitment to circularity in plastics. As a major producer of PS, the company’s focus on polystyrene’s sustainability has allowed Trinseo to support its customers’ sustainability objectives, develop technologies that can be applied broadly, and impact the future of the plastics industry.

Besides being a founding member of Styrenics Circular Solutions and an active member of over 60 industry and trade associations globally, regionally and locally, Trinseo has been an advocate for mass balance processes, essential to providing sustainable plastics solutions. The company recently announced an offtake agreement for recycled styrene with recycler Indaver, the acquisition of recycler Heathland B.V., and the introduction of bio-attributed PS, ABS and SAN.

About Trinseo

Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. Trinseo had approximately $3.0 billion in net sales in 2020 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees. For more information, please visit: www.trinseo.com.

Forward Looking Statement

Cautionary Note on Forward-Looking Statements

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 such a difference include, but are not limited to, 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 U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Paula Biskup
Trinseo
248-802-2783
biskup@trinseo.com