Indaver and INEOS Styrolution have signed an offtake agreement giving INEOS Styrolution access to styrene monomer (“SM”) produced from post-consumer waste at Indaver’s planned depolymerisation plant.
This agreement will enable INEOS Styrolution to produce polystyrene from recycled feedstock replacing styrene monomer produced from fossil feedstock. The depolymerisation technology allows to recycle polystyrene by converting it back into its building block, styrene monomer. Thanks to this process, the recycled material can meet the strict food contact standards. This significantly expands the possibilities for recycling, including polystyrene waste that could previously only be used for conversion into low-value applications.
Indaver’s new plant will be based in Antwerp, Belgium and start production in 2024.