Specialty material solutions provider Trinseo recently announced the opening of its polymethyl methacrylate (PMMA) depolymerization facility in Rho, Italy. The pilot facility demonstrates the company’s commitment to sustainability by advancing next-generation recycling technology for acrylic solutions, in line with Trinseo’s 2030 Sustainable Product Portfolio Goals.
US specialty materials producer Trinseo has commenced a sale process for its 50% ownership in Americas Styrenics (AmSty), a joint venture (JV) with Chevron Phillips Chemical.
Plaskolite, a US producer of engineering thermoplastics, has agreed to buy a facility in Mexico that specializes in manufacturing cell cast acrylic sheet from Trinseo. The deal, which is expected to close in the next few weeks, includes the land, buildings and equipment – financial terms were not disclosed.
Trinseo has finally decided to stop producing styrene at its Böhlen site in Germany, saying the plant – producing about 300,000 t/y – is too small to be competitive on the global market with current high gas prices and new styrene capacity additions sealing the unit’s fate.
The European Commission has fined five companies a total of €157 million for forming a styrene cartel that operated from May 2012 to June 2018. Affected are Sunpor, Synbra, Synthomer, Synthos and Trinseo. As the member that blew the whistle in 2017, Ineos escaped a fine.
In response to what it describes as a “challenging macroeconomic environment” marked by continuing erosion of consumer sentiment in Europe and the lack of any meaningful recovery in Asia following the Covid-19 lockdowns in the first half of 2022, US plastics producer Trinseo said it is evaluating its asset footprint to improve its economic position and operating flexibility.
Trinseo is once again looking at the potential closure of its loss-making styrene production plant in Böhlen, Germany and is consulting with the local works council.
Trinseo has suspended plans for the sale of its styrenics business because of the current macroeconomic and geopolitical uncertainty. The company announced last November that it had begun exploring a potential divestment of the business, formally launching a sales process in the first quarter of this year.
Trinseo and Dutch firm GMP Group are setting up a framework for an exclusive cooperation to further progress the circulatory of PS.
US plastics and rubber producer Trinseo has announced that it has started exploring the sale of its styrenics businesses. The company plans to launch a formal sales process in the first quarter of 2022, which it expects will include the feedstocks and polystyrene units, as well as its 50% share in Americas Styrenics, a joint venture with Chevron Phillips Chemical.
Trinseo has agreed to buy Aristech Surfaces from Falcon Private Holdings for $445 million. Headquartered in Florence, Kentucky, USA, Aristech is a leading North American manufacturer of polymethyl methacrylate (PMMA) continuous cast and solid surface sheets serving wellness applications, such as hot tubs and spas, as well as architectural, transportation and industrial markets.
US plastics and rubber producer Trinseo has sold its synthetic rubber business based in Schkopau, Germany, to Poland’s Synthos for $491 million. The deal includes $449 million in cash and about $42 million in assumed pension liabilities. Synthos is hoping to conclude its acquisition toward the end of 2021, although Trinseo is expecting completion in 2022.
Arkema has completed the sale of its PMMA business to US plastics and rubber producer Trinseo, a deal announced in December 2020. The French chemical company said the divestment is “fully in line” with its ambition to become a pure specialty materials player by 2024, with the three complementary segments of Adhesive Solutions, Advanced Materials and Coating Solutions.
US plastics and rubber producer Trinseo has signed a letter of intent to collaborate with Russia’s ETB Catalytic Technologies to develop bio-based 1,3-butadiene, a key feedstock for making tires.
US-based plastics, latex binders and synthetic rubber producer Trinseo is once again changing its leadership team as it implements a flatter organization to streamline decision making.
