New partner and investor for Tyre Recycling Solutions

Founded in 2013, Tyre Recycling Solutions (TRS) developed a technology toolbox that utilises a unique water-jet milling process to produce high-performance powder for use as raw materials in a variety of industrial rubber products, high-value applications and compounds. TRS derives its revenue from equipment sales, licenses and sale of high-performance rubber powder under its globally trademarked brand name TyreXol technology.

TRS has entered a collaboration agreement in addition to receiving an equity investment from Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber. The company had approximately $3.8 billion in net sales in 2019, with 17 manufacturing sites around the world, and about 2,700 employees.

The new collaboration agreement will see the two companies collaborate on research and development, pooling their combined technology expertise to help global tire manufacturers develop more sustainable tire formulations. Trinseo and TRS share the long-term goal of developing new value-creating systems for the manufacture of tires that reduce environmental footprint and create a sustainable outlet for end of life tires. The transaction is expected to close later this quarter, subject to ordinary closing conditions.

Staffan Ahlgren, CEO of TRS, commented: “TRS has already been working closely with Trinseo for several years and we are excited to enter the next phase of our collaboration. TRS has developed proprietary technologies to process end-of-life tires and deliver output products with higher circular economic value. The partnership with Trinseo is confirmation of the great strides we’ve made since the company was founded seven years ago.” 

 “This collaboration is vital for developing real circular solutions for the tire and technical rubber goods industries. 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,” said Francesca Reverberi, Vice President, Engineered Materials and Synthetic Rubber, Trinseo.

(Press release)