Our commitment to sustainability
For INEOS Styrolution, sustainability is a lever for growth and will enable us to tap into new and emerging business models. We have committed to enabling a circular economy for styrenics, further improving our resource efficiency and promoting sustainable operations throughout our entire value chain.
Our sustainability focus
INEOS Styrolution intends to operate and develop its business in a way that balances our current and future needs, taking into account economic, environmental and social factors so that we can sustain and further grow our business in the long term.
Styrenics are one of the most versatile materials in the 21st century, and have revolutionised the way we live today. Our products have become an indispensable part of consumers’ everyday lives and provide solutions to societal challenges such as climate change, resource scarcity, urbanisation, rising living standards and population growth. The solutions styrenics products offer include extending food shelf life, thereby reducing food waste while also providing lightweight solutions for the automotive industry leading to lower fuel consumption. Plastics are a valuable resource during their lifetime and we are determined to show that they can even be a valuable resource after their intended use. This is why INEOS Styrolution supports the shift from a linear to a circular economy, where the benefits of plastics are maximised, and negative environmental impacts are minimised.
As an industry, we are committed to playing a key role in contributing to innovative and sustainable solutions, together with our value chain. Together with the European plastics industry, we have set a series of ambitious targets and initiatives called “Plastics 2030: PlasticsEurope’s Voluntary Commitment to increasing circularity and resource efficiency,” to achieve the goal of 100% reuse, recycling and recovery of all plastics packaging by 2040. We are also one of the founding members of Styrenics Circular Solutions (SCS), promoting circular solutions in the industry in collaboration with the complete value chain.
As a member of INEOS group, we are committed to achieving the five ambitious targets that were set by our parent company for 2025. This includes, amongst others, a pledge to use on average 30% of recycled content in products destined for polystyrene packaging in Europe, incorporate at least 325 kilotonnes per year of recycled material into products and ensure 100% of our polymer products can be recycled.
As a company, we build on the fact that styrenics, and in particular
, polystyrene are very well suited to recycling due to their unique chemical properties. Globally, we are collaborating with a number of leading technology companies to investigate and define joint solutions with high technical and commercial as well as beneficial life cycle assessment (LCA) to close the loop for styrenics, thereby helping to reduce waste to landfill and incineration. Instead of only using virgin raw materials to manufacture products that sometimes end up as waste, we see an opportunity in converting this plastic waste into raw materials for the plastics industry, making the value chain more resource-efficient and circular. We have also planned to undertake an LCA of our polystyrene recycling process and will compare the greenhouse gas footprint of recycled polystyrene versus virgin polystyrene.
Here is a selection of our achievements that demonstrate our sustainability performance in our key focus areas.
Our sustainability targets
We committed ourselves to short-term and medium-term global sustainability targets covering key focus areas of our business. Here is an update of our progress in the past year.
Click here to read more about our commitment to sustainability.