Indaver and INEOS Styrolution sign offtake agreement for recycled styrene monomer

Indaver and INEOS Styrolution sign offtake agreement for recycled styrene monomer

  • Indaver’s depolymerisation plant to be the first of its kind in Europe
  • From yoghurt pot to yoghurt pot - agreement closes the loop for polystyrene

Indaver, a leading player in the European waste industry, and INEOS Styrolution, the global leader in styrenics, have signed an offtake agreement today giving INEOS Styrolution access to styrene monomer (“SM”) produced from post-consumer waste at Indaver’s planned depolymerisation plant.

This agreement closes the loop towards a circular economy for polystyrene. It will enable INEOS Styrolution to produce polystyrene from recycled feedstock replacing styrene monomer produced from fossil feedstock.

“The benefits are tremendous”, explains Dr. Alexander Glück., President EMEA at INEOS Styrolution. “We recognize plastics waste as a valuable resource that must not end up in landfill or be incinerated. Together with Indaver we reduce waste, we produce polystyrene with identical properties as the virgin material with a lower CO2 footprint and we reduce the use of fossil feedstock.”

With the recycled polystyrene meeting stringent food grade specifications, an old dream has finally come true: The material that has been used to preserve food can be recycled and used for the same purpose again.

“We are very pleased with this agreement”, says Paul de Bruycker, CEO at Indaver. “Our companies share the same vision of a true circular economy for polystyrene. The material is eminently suitable to allow for depolymerisation, an advanced recycling method that we deploy in our new recycling plant.”

The depolymerisation technology allows to recycle polystyrene by converting it back into its building block, styrene monomer. Thanks to this process, the recycled material can meet the strict food contact standards.  This significantly expands the possibilities for recycling, including polystyrene waste that could previously only be used for conversion into low-value applications.

Being a strong player in the waste industry, Indaver is well positioned to create and manage the required waste streams for polystyrene. The company’s new plant will be based in Antwerp, Belgium and start production in 2024.

About Indaver
​Indaver is a European player in the waste industry with plants and operations in Belgium, the Netherlands, France, Germany, Portugal, Italy, Ireland and the United Kingdom. Indaver manages and treats industrial and household waste in specialist facilities for the industry, waste collectors and governments. Indaver recovers valuable raw materials and energy from these treated waste streams. By doing so, Indaver is creating value from waste and helping to close the materials loop in a safe, low carbon and energy-efficient manner, which makes Indaver the ideal partner in the pursuit of a sustainable circular economy. In 2020, Indaver achieved a turnover of 600 million euros with approximately 1,900 staff throughout Europe. 
​More information: www.indaver.com or www.indaver.com/plasticstochemicals ​ ​

Follow us on Twitter (@Indaverbe) and Linkedin (@Indavergroup)

www.indaver.com/plastics2chemicals

 

About INEOS Styrolution
INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2021, sales were at 6 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.

More information: www.ineos-styrolution.com

Follow us on Twitter (@styrolution).

Visit us at K fair in Düsseldorf, October 19-26, 2022: hall 6 / booth 6D28.

 

Contact at INDAVER

Inge Baertsoen

Communications Manager

Indaver nv

Dijle 17a

2800 Mechelen

Belgium

+32 497 970 570

inge.baertsoen [@] indaver.com

www.indaver.com

 

Contact at INEOS Styrolution

Dr. Ralf Leinemann

Global Manager PR & Marketing Communications

INEOS Styrolution Group GmbH

Mainzer Landstraße 50

60325 Frankfurt

Germany

+49 69 509550-1366

[email protected]

www.ineos-styrolution.com

 

Contact INEOS Belgium

Nathalie Meert

Communications & External Relations Manager

M +32 491 35 91 67

[email protected]

Belgium | INEOS

 

 

 

 

 

About INEOS Belgium

About INEOS (https://www.ineos.com/)

A global manufacturer, INEOS operates 194 sites across 29 countries, generates $61 billion annually and employs over 26,000 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known to consumers, with the launch of the Grenadier (our uncompromising 4x4) and INEOS Hygienics. 

INEOS' business produces the raw materials and energy used for everyday life. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. For example, preservation of food and clean water; construction of wind turbines, solar panels, and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications.  

INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent.  

About Project ONE

Project ONE is an investment by INEOS in the Antwerp chemical sector for the construction of an ethane cracker. The multi-billion euro investment is the largest in European chemistry in more than 20 years. The advanced plant will produce ethylene, one of the most widely used base chemicals worldwide and an essential building block for a wide range of products, including medical applications, textiles, computer and smartphone casings, household appliances, food packaging and cosmetics. Ethylene is also used in lightweight parts for cars and wind turbines, insulation materials for the construction industry and pipes for transporting drinking water.

Project ONE will set the standard for the chemical industry in Europe by employing the best available techniques. In particular, it will break new ground in terms of energy efficiency and will have a carbon footprint that is less than half of the top 10% steam crackers in Europe.

The target year for operation is 2026 as construction will take approximately 4 years. The investment will create 450 direct jobs and thousands of indirect jobs.

More information on : https://project-one.ineos.com


INEOS Belgium
Scheldelaan 482
Haven 647
2040 Antwerpen-Lillo