TRINSEO
Trinseo (NYSE: TSE), a specialty material solutions provider and manufacturer of plastics and latex binders, announced today the launch of new recycled-containing acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, available under the MAGNUM™ ECO+, MAGNUM™ CR and TYRIL™ CR trade names.
MAGNUM™ ECO+ ABS resins are dedicated to the mobility industry and will be introduced to the market during the 2024 Plastics in Automotive Engineering Conference in Mannheim, Germany (June 18-19). The resins exclusively use post-consumer recycled (PCR) styrene obtained from household waste, and the end-applications can achieve any hue with the use of color concentrates. MAGNUM™ ECO+ ABS maintains the same performance and qualities that made its all-fossil counterpart a reliable, versatile resin, suitable for both visible and hidden applications in vehicles. MAGNUM™ CR and TYRIL™ CR are grades dedicated to industrial, and consumer goods applications, such as edge bands, coffee machine water tanks or toothbrushes.
“Our portfolio already includes a recycled containing resin - the PULSE™ GX ECO PC/ABS and a bio-attributed solution - MAGNUMTM BIO ABS, but we are constantly working to broaden our sustainably advantaged offering. The MAGNUM™ ECO+ ABS resin is the next step in our journey, and it is an especially important step because the styrene monomer comes from recycled household waste, meaning today’s trash is becoming tomorrow’s high-performing plastic; being a PCR-containing resin, we are not only helping OEMs lower their vehicles’ overall carbon footprint, but we are also helping them be compliant with the EU directives on the use of PCR plastic in mobility” said Ivan Angelov, Global Business Director Copolymers, Trinseo.
The sustainably advantaged resins contain up to 60% chemically recycled styrene The recycled styrene is combined with fossil-based polymers during polymerization according to the ISCC+ Mass Balance process. Because the recycled styrene becomes identical in chemical composition to its virgin counterpart during feedstock cracking, segregation during manufacturing is unnecessary.
The materials are structurally and functionally the same as the virgin counterpart and can be used with existing tooling and equipment under the same processing conditions. This makes the new Trinseo materials a drop-in solution, all while offering a potential drop of up to 18% in carbon footprint compared to the average ABS and SAN industrial grades - *preliminary calculated estimated values based on data from a research study conducted by styrene supplier and independent 3rd party (scope: cradle-to-gate).
“Trinseo’s solutions for industrial & consumer goods applications already includes ABS and SAN with up to 95% bio-attributed content, however our aim is to offer customers the right choice for their applications. These recycled containing resins not only offer the same features and benefits with an improved carbon footprint compared to their all-prime counterparts, but they also help reutilize waste that would have otherwise been burned or sent to a landfill” added Romulo Bouzas, Copolymers Product Manager EMEA at Trinseo.
About Trinseo
Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart and sustainably focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.
From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility.
Trinseo’s approximately 3,100 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe and Asia Pacific. Trinseo reported net sales of approximately $3.7 billion in 2023. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.
Cautionary Note on Forward-Looking Statements
This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, 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,” “believe,” “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, our current indebtedness, 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 future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully implement proposed restructuring initiatives and to successfully generate cost savings through restructuring and cost reduction initiatives; our ability to successfully execute our business and transformation strategy; increased costs or disruption in the supply of raw materials; deterioration of our credit profile limiting our access to commercial credit; increased energy costs; compliance with laws and regulations impacting our business; any disruptions in production at our chemical manufacturing facilities, including those resulting from accidental spills or discharges; conditions in the global economy and capital markets; our current and future levels of indebtedness and ability to service our debt; our ability to meet the covenants under our existing indebtedness; our ability to generate cash flows from operations; and those 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, performance, or achievements 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.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240603130227/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Mesmerise to collaborate with Mayo Clinic to Transform Medical Education and Healthcare Workforce Training13.1.2025 23:10:00 CET | Press release
Mesmerise is proud to announce the creation of NeuRealities, Inc., a transformative company designed to revolutionize medical education and healthcare training. As part of a know-how agreement with Mayo Clinic, the new company seeks to leverage Mayo Clinic’s unparalleled clinical expertise and trusted knowledge with Mesmerise’s pioneering advancements in AI-powered spatial computing to set a new standard for excellence in immersive learning experiences. NeuRealities aims to introduce an open-standards digital platform that redefines how healthcare professionals learn and train. By integrating hyper-realistic AI-enabled digital humans, adaptive immersive experiences, and dynamic content tailored to individual learners, the platform can address critical gaps in medical education. Its first initiative—CT training for radiologic technicians—delivers interactive, hands-on scenarios that simplify complex medical concepts, allowing the potential for training to be more efficient, accessible,
Jefferies to Hold Global Trading Day on January 16 to Support Los Angeles Wildfire Relief Efforts13.1.2025 22:15:00 CET | Press release
Jefferies announced today that it will hold a Global Trading Day on January 16, 2025, to raise funds for organizations supporting first responders and those impacted by the fires. Jefferies will donate 100% of net global commissions on January 16 for all trading in equities and fixed income by the Firm’s clients. Jefferies will also make a $1 million donation and encourage its nearly 6,000 employees to personally support relief efforts. During the month following this Global Trading Day, contributions will be carefully allocated to qualified charities to ensure the proceeds go directly to support the people and communities most in need. Rich Handler, CEO, and Brian Friedman, President of Jefferies, said: “We are heartbroken by the wildfires causing unfathomable destruction in the Los Angeles area. Our firm was founded in Los Angeles 62 years ago, and it has always been a resilient community, full of dynamism, opportunity and strength. Our hearts go out to all those affected, and we sta
AEM Launches WMO-Compliant Automated Weather Station to Elevate Global Weather Monitoring13.1.2025 16:00:00 CET | Press release
AEM, the essential source for environmental insights, today announced its WMO-compliant AEM Apex Automated Weather Station (AWS). This state-of-the-art solution sets a new benchmark for precision, reliability, and durability, meeting the strict standards of the World Meteorological Organization (WMO). Designed to address the toughest challenges in weather monitoring, the WMO-compliant AWS offers unparalleled accuracy and performance for a variety of critical applications, from localized climate research to large-scale weather networks. Key Benefits of the WMO-Compliant AWSPrecision Data for Better Decisions: Provides WMO-compliant measurements with strict tolerances to support critical applications. Seamless Global Collaboration: Enables efficient data sharing with regional and global partners, fostering enhanced coordination for monitoring and forecasting. Reliability in Extreme Conditions: Built to deliver continuous, accurate data with minimal maintenance, even in the most demanding
Greenland Resources Signs Advisory Agreement With Rasmussen Global on Defense13.1.2025 15:30:00 CET | Press release
Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) “Greenland Resources” or the “Company”) is pleased to announce that it has signed an advisory agreement with Rasmussen Global to complement the Malmbjerg Project existing funding strategy through potential strategic supranational partners, including the North Atlantic Treaty Organization (NATO) Innovation Fund and the European Defense Fund. Rasmussen Global was founded and is chaired by Anders Fogh Rasmussen, the former Prime Minister of Denmark and former Secretary General of NATO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113410398/en/ The Project is strategically located in east central Greenland and based on its current NI 43-101 Feasibility Study, can supply some 25% of the European Union (EU) total molybdenum consumption for decades to come including nearly all the EU defense needs. Currently, the EU is the 2nd largest molybdenum user in the world and has no
Starr Names Peter Hirs to Succeed Howard Smith as CFO13.1.2025 15:30:00 CET | Press release
Starr announced that Peter Hirs has been named the company’s chief financial officer, effective January 13, succeeding Howard I. Smith, who is retiring after more than 40 years at Starr and related entities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113071409/en/ Peter Hirs, chief financial officer, Starr (Photo: Business Wire) Hirs brings significant finance and insurance experience to Starr, having spent the past 20 years at a global insurance carrier, where he managed regional finance teams across the world and led mergers and acquisitions activities. In his new role, Hirs will oversee the organization’s global finance operations. He is based at Starr’s head office in New York. Smith had led Starr’s financial operations since 2005, when Maurice R. “Hank” Greenberg, Starr’s chairman emeritus, re-established Starr as a free-standing investment and insurance organization, and he worked closely with Hank prior to that
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom