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Partnership will accelerate the development of sustainable synthetic rubber tire formulations, through increased use of recycled tire rubber. Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, has reached definitive agreements with Tyre Recycling Solutions (TRS) on a commercial collaboration and an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions.
UK’s Tyre Recovery Association (TRA) reports that a Freedom of Information request (*FOI request submitted by ‘Tyre & Rubber Recycling’ magazine) has starkly exposed levels of non-compliance by many operators claiming ‘T8 exemptions’ for their businesses. TRA says that in 2019 inspections of almost sixty sites carried out by the Environment Agency across England revealed more than one third to be legally non-compliant. Further action in the EA, conducted in the first 8 months of 2020, showed the situation to have further worsened with almost 50% of sites visited failing to meet legal requirements.
According to expert opinion in the tire recycling industry, BlackCycle – the research project coordinated by Michelin – can revolutionize end-of-life tire recycling worldwide. This opinion was voiced by experts during a meeting of the Bureau of International Recycling (BIR) at its Tires & Rubber Committee on October 15, 2020. There was tangible excitement at the BIR Tyres & Rubber Committee webinar on October 15 following a guest presentation on the recycling of end-of-life tires (ELTs) into secondary raw materials for tires and other product applications.