Commercial agreement between Trinseo and Tire Recycling Solution to create new recipes for sustainable synthetic tyres

Trinseo is a company that deals with the production of plastic materials, latex binders and synthetic rubbers which has 2700 employees and 17 production plants around the world, has announced, through a press release, an agreement with the Swiss company TRS for the formulation of recipes that help more sustainable tire producers.

Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, has reached an agreement with Tire Recycling Solutions (TRS) regarding a business collaboration and equity investment in TRS. The deal is expected to close by the end of the quarter, subject to customary closing conditions.

The new agreement will see the two companies collaborate on research and development, bringing together their combined technological expertise to help global tire manufacturers develop more sustainable tire formulations.

Trinseo and TRS share the long-term goal of developing new systems to create greater value for tire production that reduce the environmental footprint and create a sustainable outlet for end-of-life tires.

“This collaboration is extremely important for the development of true circular solutions for the tire and technical rubber industry.

As a leading supplier of synthetic rubber to the tire industry, we are committed to helping our customers achieve their sustainability goals and believe that the most effective way to do this is through collaboration across the value chain.

The partnership with TRS will provide us with high-quality recycled tire raw materials to serve customers globally,” said Francesca Reverberi, Vice President, Engineered Materials and Synthetic Rubber, Trinseo.

Staffan Ahlgren, CEO of TRS, commented:

“TRS has already worked closely with Trinseo for several years and we are excited to enter the next phase of our collaboration. TRS has developed technologies to treat end-of-life tires and provide output products with higher circular economic value.

The partnership with Trinseo is confirmation of the great strides we have made since the company was founded seven years ago. "

The investment is aligned and consistent with Trinseo's recently announced 2030 sustainability goals which outline the company's focus on addressing climate change, embedding sustainability into its product portfolio, promoting supplier management and taking responsibility as an employer.

Launched in conjunction with the company's 10th anniversary, these long-term goals are now at the heart of the company at all levels.

Category: news - plastic - circular economy - waste