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Trinseo Engages in Initiative to Develop Recycling Solutions for Polystyrene

Company aims to achieve a resource efficient circular economy

BERWYN, Pa. - Monday, November 6, 2017

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 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, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees. For more information, please visit: www.trinseo.com.

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 the timing of the proposed acquisition of the Arkema MMA and PMMA business (the "Acquisition"); estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities and cost synergies relating to the Acquisition, 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 failure to complete the Acquisition or meet the conditions to closing, including antitrust, works council and other regulatory approvals; the failure to obtain the financing necessary to fund the Acquisition and the impact of the substantial indebtedness to be incurred; costs related to the Acquisition; following the Acquisition, our ability to successfully integrate the acquired businesses, generate expected cost savings and synergies, maintain relationships with customers, retain key employees and profitably grow the business; 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.

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