Trinseo, Tyre Recycling Solutions to formalize partnership

Trinseo, a global materials solution provider based in Berwyn, Pennsylvania, has reached agreements with Tyre Recycling Solutions (TRS), Switzerland, on a commercial collaboration and an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions.

According to a news release from Trinseo on the transaction, the two companies will collaborate on research and development, pooling their technology expertise to help global tire manufacturers develop more sustainable tire formulations. Trinseo reports that the companies share the “long-term goal of developing new value-creating systems” for tire manufacturing that reduce environmental footprint and create a sustainable outlet for end-of-life tires.

“This collaboration is extremely important for developing real circular solutions for the tire and technical rubber goods industries,” says Francesca Reverberi, vice president of engineered materials and synthetic rubber at Trinseo. “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 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.”

Staffan Ahlgren, CEO of TRS, says TRS had already been working closely with Trinseo for a few years. He says the collaboration agreement formalizes the partnership.

“TRS has developed proprietary technologies to process end-of-life tires and deliver output products with higher circular economical value,” Ahlgren says. “The partnership with Trinseo is confirmation of the great strides we’ve made since the company was founded seven years ago.”