Trinseo invests in tyre recycler for sustainable solutions

Trinseo invests in tyre recycler for sustainable solutions

Materials firm Trinseo has tied up with Switzerland’s Tyre Recycling Solutions (TRS) on a commercial collaboration as well as with an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions. It did not disclose details of the investment.

The new collaboration agreement will see the two companies collaborate on R&D, pooling their combined technology expertise to help global tyre manufacturers develop more sustainable tyre formulations.

“This collaboration is extremely important for developing real circular solutions for the tire and technical rubber goods industries. As a leading supplier of synthetic rubber to the tyre industry, we are committed to helping our customers achieve their sustainability goals and believe that the most successful way to do this is through collaboration across the value chain. The partnership with TRS will provide us with high quality recycled tire feedstock to serve customers globally,” said Francesca Reverberi, Vice President, Engineered Materials and Synthetic Rubber, Trinseo.

Staffan Ahlgren, CEO, TRS, commented: “TRS has already been working closely with Trinseo for several years and we are excited to enter the next phase of our collaboration. TRS has developed proprietary technologies to process end-of-life tyres and deliver output products with higher circular economical value. The partnership with Trinseo is confirmation of the great strides we’ve 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 tackling climate change, embedding sustainability in its product portfolio, promoting supplier and operational stewardship, and embodying responsibility as an employer. Launched to coincide with the company’s ten-year anniversary, these long-term goals are now at the heart of the company at every level.

Established in 2013 in Switzerland, TRS builds global solutions for the collection, processing and recycling of scrap tyres. The TRS technology toolbox utilises a unique water-jet milling process which can produce high performance powder for use as raw materials in a variety of industrial rubber products and high value applications and compounds. TRS derives its revenue from equipment sales, licenses and sale of high-performance rubber powder under its globally trademarked brand name TyreXol.