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Trinseo Partners with CEDAP on Polystyrene Application Development

BERWYN, Pa. - Friday, January 31, 2020

Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex binders, and synthetic rubber, announced today its collaboration with CEDAP, a leading specialist in sheet extrusion for the packaging industry. The partnership seeks to advance the implementation of recycled polystyrene (PS) used in food packaging applications by utilizing chemically recycled PS to develop and test food grade recycled PS packaging.

Trinseo will also collaborate with CEDAP lending technical expertise to support the development of a 100% PS made yogurt container. CEDAP is currently participating in a project, which aims to create a mono material yogurt container, including the label, lid, and pot. This project is spearheaded by the consortium Citeo, including Plastiques Venthenat (PV), Amcor, and Triballat.

“This is an exciting collaboration that Trinseo is lending technical, processing and performance expertise on,” said Nicolas Joly, Global Business Director, Polystyrene and Feedstocks at Trinseo. “The implementation of a recycled PS in food grade packaging is coming closer to reality as we work hand in hand with the packaging industry. Furthermore, the development of a mono material yogurt pot would enable greater ease of recyclability and in turn unlock the opportunity for a new life in other applications via chemical or mechanical recycling of PS.”  

Trinseo’s Engagement in PS Recycling

Trinseo is highly engaged in several partnerships and initiatives to close the loop on PS recycling, namely:

Full PS circularity is a game changer, offering a unique potential for closed loop recycling – with two fewer steps than recycling of other polymers. Depolymerization is an innovative technology for PS recycling, which has already proven to bring polystyrene waste back into a monomer – unlocking the intrinsic circularity of PS even further. In turn, PS circularity is particularly advantageous as it diverts waste material away from landfills, leading to a reduction in greenhouse gases and harmful emissions.

In North America, Trinseo’s joint venture, Americas Styrenics (AmSty), recently formed a joint venture with Agilyx, named Regenyx LLC, dedicated to fully recycling post-consumer polystyrene materials back into new polystyrene products. Through Regenyx, AmSty is providing customers with PS recycled from a monomer state, from post-consumer waste, known as PolyUsable™.

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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