Prnewswire | October 14, 2020
The "Post-consumer Recycled Plastics Market by Polymer Type, Service, Processing Type (Mechanical, Chemical, Biological), End-use Application (Packaging, Building & Construction, Automotive, Electronics, Furniture, Others), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global post-consumer recycled plastics market size is projected to grow from USD 14.2 billion in 2020 to USD 18.8 billion by 2025, at CAGR of 5.7%.
Trinseo | January 04, 2022
Trinseo, a global materials solutions provider and manufacturer of plastics and latex binders, announced today the completion of the acquisition of Heathland B.V. a leading collector and recycler of post-consumer and post-industrial plastic wastes in Europe.
As a plastic waste collector and recycler based in Utrecht, the Netherlands, Heathland is focused on converting PCR and PIR polymethyl methacrylate, polycarbonate (PC), acrylonitrile butadiene styrene, polystyrene (PS) and other thermoplastic waste. The company collects, pre-treats and processes plastic waste materials using mechanical and chemical recycling processes, and captures the materials’ maximum value by transforming them into high quality recycled raw materials for a wide range of high-end applications. Heathland is well established in Europe with several notable projects, including MMAtwo and REVOLUTION, which are funded by the Horizon 2020 program of the European Commission.
“Today is another exciting milestone in Trinseo’s transformation journey in becoming a global specialty materials and sustainable solutions provider. The addition of Heathland to the Trinseo family enables the group to have access to comprehensive recycling technologies and plastic wastes as feedstock. The shared sustainability vision of both companies has now become one. We will continue to invest in the movement toward a circular economy.”
Francesca Reverberi, SVP and Chief Sustainability Officer of Trinseo
The acquisition is aligned with Trinseo’s 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.
Trinseo is a global materials solutions provider and manufacturer of plastics and latex binders 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, and building and construction. Trinseo had approximately $3.0 billion in net sales in 2020 and has 26 manufacturing sites around the world and approximately 3,400 employees.
Origin Materials | April 29, 2022
Origin Materials, Inc. and Mitsubishi Chemical Holdings Group have joined hands to develop advanced chemicals and materials for making tires based on Origin Materials' patented technology platform. Origin Materials is the world’s leading carbon-negative materials company, and Mitsubishi is Japan’s leading producer of diversified chemicals and advanced materials.
MCHG will convert Origin's hydrothermal carbon into high-performance analogs of specialty carbon black materials as per a strategic plan under their partnership. These materials will be tested and developed in collaboration with one of the world's largest tyre companies. In addition, the collaboration with MCHG's global supply chain expertise will benefit in accessing Japanese and international markets and technological innovation capabilities.
According to Grand View Research, Inc., the global carbon black market will reach $26 billion by 2025 while mounting at a CAGR of 6%. Furthermore, it is reported that approximately 70% of the world's carbon black is used as a tyre reinforcing filler.
Origin's patented technology platform has the potential to revolutionize tyre manufacturing by reducing the product’s carbon footprints significantly. The collaboration has included a joint development agreement (JDA) between Origin and the MCHG Carbon Materials business unit. The partnership mirrors MCHG's efforts to achieve carbon neutrality by utilizing biomass to develop materials while achieving sustainable growth.
"We look forward to collaborating with Mitsubishi Chemical Holdings Group to develop new, better materials for making tyres while reducing carbon emissions. Mitsubishi Chemical Holdings Group's deep manufacturing capabilities, technical expertise, and worldwide customer network can enable extensive adoption of Origin's technology and help drive the once-in-a-generation shift to sustainable materials occurring in the automotive industry."
On this esteem collaboration and efforts, Rich Riley, co-CEO of Origin Materials