PRESS RELEASE

Frankfurt, October 21, 2020 INEOS STYROLUTION RECEIVES FUNDING FROM FLEMISH AGENCY OF INNOVATION AND ENTREPRENEURSHIP TO RESEARCH PLASTICS RECYCLING

• Research addresses dissolution recycling technology • Project focusses on removing additives from polymer matrices • Project increases INEOS Styrolution’s expertise in recycling technologies for styrenics

INEOS Styrolution, the global leader in styrenics, announced today it will be contributing to the research project “Remove2Reclaim – Recycling of plastics and titanium dioxide via advanced dissolution and separation techniques for plastic additive removal”1. Working together with leading European research institutes in the project will allow the company to build up expertise related to recycling via dissolution.

Styrenics are amongst the most recyclable polymers. INEOS Styrolution has a proven record of investing into basic research on advanced recycling technologies2. This includes completing the first lab-scale production of virgin from depolymerised material3 and driving the commercialisation of enhanced recycling of polystyrene forward4. Developing expertise on recycling via dissolution contributes to an in-depth understanding of the material’s properties.

1 https://catalisti.be/project/sidestream-valorization/remove2reclaim/ See press releases: 2 INEOS Styrolution receives public funding from the German Federal Ministry of Education and Research for a research project to recycle polystyrene post-consumer waste, INEOS Styrolution reveals progress of ResolVe project on chemical recycling of polystyrene and Greenhouse gas emissions halved predicts life cycle assessment of recycled polystyrene from INEOS Styrolution 3 Breakthrough in chemical recycling of polystyrene 4 INEOS Styrolution and Trinseo advance plans for a first European polystyrene recycling plant in and INEOS Styrolution and AmSty announce joint facility for advanced recycling of polystyrene in Channahon, Illinois, using Agilyx technology INEOS Styrolution Group GmbH, Mainzer Landstraße 50, 60325 am Main, INSTY.info@.com, www.ineos-styrolution.com

The “Remove2Reclaim” project aims at developing innovative solvent-based extraction routes to remove additives, such as titanium dioxide, from different polymer matrices and to reuse both titanium dioxide and polymer in new products. Targeted polymers in the project include polystyrene, HIPS (high impact polystyrene) and ABS (acrylonitrile butadiene ). For INEOS Styrolution, this dissolution route complements the existing mechanical and depolymerisation recycling projects, rounding up the understanding of the broad range of recycling technologies available for styrenics.

Michiel Verswyvel, Global R&D at INEOS Styrolution, comments: “We are committed to a circular economy for styrenics. Our main thrust is mechanical recycling of materials such as ABS and polystyrene and advanced recycling technologies, primarily depolymerisation of polystyrene. The “Remove2Reclaim” project gives us the opportunity to get a complete picture by exploring additional recycling technologies such as dissolution. In parallel, we are optimising our mechanical recycling efforts5 and concentrate on commercialising recycled polystyrene via depolymerisation.”

The “Remove2Reclaim” project is funded by the Flemish Agency of Innovation and Entrepreneurship (Vlaams Agentschap voor Innovatie en Ondernemen – VLAIO) and organised under the umbrella of the Flemish spearhead cluster Catalisti. Research partners include Ghent University, KU Leuven (Katholieke Universiteit Leuven) as well as VITO (Flemish Institute for Technological Research in Mol) and Centexbel (Kortrijk-Gent). INEOS Styrolution becomes one of five industry partners signed up in this project.

5 See press release INEOS Styrolution introduces first standard ABS grades with post-consumer recycled material INEOS Styrolution Group GmbH, Mainzer Landstraße 50, 60325 Frankfurt am Main, Germany [email protected], www.ineos-styrolution.com

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 innovative and sustainable best-in-class solutions, designed to give them a competitive edge in their markets, and at the same time, 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 2019, sales were at 5 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.

More information: www.ineos-styrolution.com

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CONTACT

Dr. Ralf Leinemann Global Manager PR & Marketing Communications

INEOS Styrolution Group GmbH Mainzer Landstraße 50 60325 Frankfurt Germany Phone: +49 69 509550-1366 Email: [email protected] Website: www.ineos-styrolution.com

INEOS Styrolution Group GmbH, Mainzer Landstraße 50, 60325 Frankfurt am Main, Germany [email protected], www.ineos-styrolution.com