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Trinseo Set to Buy Netherlands-based Recycling Company

Materials supplier Trinseo has entered into a definitive agreement to acquire Heathland B.V., a collector and recycler of post-consumer (PCR) and post-industrial (PIR) plastic waste headquartered in Utrecht, Netherlands. The acquisition will provide Trinseo with access to comprehensive recycling technologies and a consistent supply of plastic waste for use as feedstock.

Heathland is focused on converting PCR and PIR polymethyl methacrylate (PMMA), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polystyrene (PS), and other thermoplastic waste that it collects throughout Europe. The company processes the plastic waste by means of mechanical and chemical recycling processes. Heathland is involved in several notable EU projects, including MMAtwo and REVOLUTION, which are funded by the Horizon 2020 program of the European Commission. The objective of MMAtwo is to develop a novel, fast-growing PMMA recycling value chain through depolymerization and recovery of a monomer grade, and REVOLUTION is devoted to advancing the use of recycled materials in electric vehicles.

Trinseo said the acquisition serves as an important milestone in its transformation journey into a specialty materials and sustainable solutions provider. This agreement will help meet market demand by securing a reliable source of recycled feedstock through the addition of a plastic waste collection business and enhancing the ongoing development of plastic recycling technologies, it added. 

“As a company dedicated to value creation through recycling, we share the same values as Trinseo and our business and product portfolios are complementary,” said Simon van der Heijden, co-founder and co-managing director with Nikolaj Garnitsch of Heathland. “There is a common goal to recycle in ways that bring most value out of waste feedstock, avoiding down cycling, and to produce circular raw materials of the highest grade, thereby facilitating the use of recycled raw material as a seamless alternative to virgin plastics. Both companies strive for excellence while doing that, which reflects on our valued customers, the organization itself, and the environment. We believe the shared vision and global footprint of Trinseo will bring us to the next level.” 

The investment is aligned with Trinseo’s 2030 Sustainability Goals, which outline the company’s focus on tackling climate change, embedding sustainability in its product portfolio, promoting supplier and operational stewardship, and embodying responsibility as an employer. 

Publication date: 08/12/2021

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Last update: 2020-07-14