Brantford, Ontario, Canada and Aurora, Illinois, USA
GreenMantra and INEOS Styrolution have signed a Joint Development Agreement (JDA), which will align GreenMantra’s patented technology and INEOS Styrolution’s manufacturing infrastructure to convert waste polystyrene into chemical monomer building blocks that further advance the polystyrene circular economy by replacing a portion of virgin monomer feed in INEOS Styrolution’s polymerization process.
This joint development agreement brings together a promising match between the chemical up-cycling technology patented by GreenMantra for plastic waste and the manufacturing expertise of INEOS Styrolution. The maturity of each company in its respective area of expertise will expedite the diversion of polystyrene waste from landfills by converting it back into valuable polymers and monomer building blocks; ultimately closing the loop into polystyrene resin, and extending value of this plastic resource. As a part of this partnership, GreenMantra’s secondary product from the polystyrene depolymerization process will be evaluated for use as a raw material by INEOS Styrolution for its polystyrene resin production.
This agreement allows both companies to expand their efforts to advance the circular economy. INEOS Styrolution is expanding its portfolio of working with leaders in the chemical recycling industry, and GreenMantra continues to find new, innovative ways to apply its existing technology and divert plastic from landfills, while creating value-added performance polymers that serve a broad range of industries and applications. Ricardo Cuetos, VP Standard Products, INEOS Styrolution America LLC, says, “We are excited to announce this JDA with Greenmantra as we continue to expand our partnerships with companies across North America. It is a pleasure to collaborate with a company that shares our commitment to pursuing a circular economy and keeping valuable polystyrene material from ending up in our oceans and landfills.”
About Greenmantra
GreenMantra® Technologies Ltd. is a rapidly growing clean technology company that utilizes a proprietary catalyst and patented depolymerization process to upcycle and transform recycled plastics into value-added specialty polymers; which are used industrial applications.
In each application, our specialty polymers create value by improving the performance of our customer's products and delivering formulation and operational cost savings. Sustainability provides the foundation of our value proposition as confirmed by SCS certification that our specialty polymers are derived from 100 percent post-consumer and post-industrial recycled plastics.
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 85 years of experience, INEOS Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. 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 2018, sales were at 5.4 billion euros. INEOS Styrolution employs approximately 3,500 people and operates 20 production sites in ten countries.
For futher information contact:
Name : Dr. Ralf Leinemann
Position : Global Manager PR & Marketing Communications
Phone Number : work +49 69 5095501366
Email : ralf.leinemann@ineos.com