HORGEN, Switzerland
,
April 25, 2022
(press release)
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MAGNUM™ BIO ABS series contains up to 80% bio-attributed content Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics and latex binders, announced today the launch of a more sustainable version of its established MAGNUM™ ABS resins for automotive applications. During polymerization, fossil-based polymers are combined with renewable raw materials according to a mass balance process, resulting in MAGNUM™ BIO ABS resins with up to 80% bio-attributed content, based on the ISCC Mass Balance approach. Trinseo strives to use second generation waste such as used kitchen oil and residue from the pulp industry that do not compete with the food chain and are consistent with a sustainable food future. Because the renewable raw materials become identical in chemical composition to their fossil-based counterparts during feedstock cracking, segregation during manufacturing is unnecessary. The material is structurally and functionally the same as its fossil-based counterpart and can be used with existing tooling and equipment under the same processing conditions, meaning there is no need for requalification, all while offering a significantly lower CO2 footprint. “The launch of MAGNUM™ BIO ABS further extends our portfolio of sustainably-advantaged materials dedicated to the automotive industry,” said Frank Schumann, Global Marketing Manager, Automotive, Trinseo. “Following the successful market introduction of our PULSE™ GX ECO Series, PC/ABS with recycled content, we are excited to provide our automotive customers more solutions that help them achieve their sustainability targets. MAGNUM™ BIO ABS resins are a drop-in solution, meaning it does not require requalification, and the material will maintain the same features and benefits with an improved carbon footprint.” Trinseo supports its customers with a portfolio of innovative rigid and soft-touch material solutions for interior and exterior applications. The launch of MAGNUM™ BIO ABS extends our sustainably-advantaged portfolio and supports our efforts to deliver sustainable, innovative solutions to our customers enabling them to achieve their sustainability goals. Recently, Trinseo launched the Sustainability Business & Services (SBS) unit led Francesca Reverberi, SVP & Chief Sustainability Officer. The new unit is focused on collaborating with all other business units, leveraging technologies, supporting sustainability-related initiatives, and ensuring our 2030 Sustainability Goals will be achieved. About Trinseo Trinseo (NYSE: TSE) 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 $4.8 billion in net sales in 2021 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees. For more information, please visit: www.trinseo.com. Cautionary Note on Forward-Looking Statements This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. 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