Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, is celebrating the 10th anniversary of its LOMAX™ technology at its plant in Dalton, Georgia, on July 24th. The plant runs largely on alternative energy, significantly reduces carbon dioxide (CO2) and greenhouse gas emissions, thanks to manufacturing process of LOMAX™ Technology.
LOMAX™ Technology uses methane gas collected from a nearby landfill as the primary energy source to manufacture Trinseo's latex binders. The methane is piped to a landfill gas energy recovery facility and then to the Trinseo plant, where the energy is used to power the plant's boiler. This virtually eliminates the need for natural gas. The resulting steam energy runs approximately 95 percent of the manufacturing processes at the plant. Because the methane is being harnessed for energy instead of being released into the atmosphere, LOMAX™ Technology helps mitigate emissions by reducing Trinseo's use of fossil fuels. This allows customers to develop high performance products with sustainable attributes.
The latex binders manufacturing site in Dalton was the first to install this technology in 2007. From carpet backing and paper coatings, to multiple adhesives and construction applications, latex binders made with LOMAX™ Technology provide lower environmental impact with maximum performance.
LOMAX™ Technology reduces the carbon footprint of carpet backing by approximately 25 percent, enabling the customers to make flooring products more durable and more sustainable. Styrene Butadiene (SB) latex made with LOMAX™ Technology provides the same performance characteristics of conventional latex, yet comes with a lower environmental footprint, a particularly important feature as demand continues to increase for more sustainable products across the entire industry's supply chain.
An independently reviewed Life Cycle Assessment (LCA) study showed that SB latex manufactured with LOMAX™ Technology reduces the carbon footprint of SB latex manufacturing by approximately 25 percent. The study was carried out utilizing ISO 14040 and ISO 14044 standards, and peer reviewed by The University of Stuttgart, Germany.LOMAX™ Technology is a win-win for Trinseo and its customers; the success of the technology demonstrates Trinseo's commitment to sustainability and to the principles of Responsible Care®.
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 $4.8 billion in net sales in 2021 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.
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.