The new cooperation agreement provides for the two companies to cooperate in the field of research and development and pool their combined technological know-how to help global tyre manufacturers develop more sustainable forms of tyres. Trinseo and TRS share the long-term goal of developing new value-creating systems for tyre manufacturing that reduce the ecological footprint and create a sustainable outlet for used tires. In addition, the regulation includes tyres newly entered into its scope. The new rules apply to them as soon as an appropriate testing method has been developed. It also contains provisions for adding mileage and abrasion settings when appropriate testing methods are available. This should reduce the amount of microplastics released into the environment by rubbing tires. The tyre labelling system aims to improve road safety and public health and reduce greenhouse gas emissions and noise pollution in the transport sector. The aim of the regulation is to better inform consumers about the fuel efficiency, safety and noise parameters of the tyres they buy. Road transport is responsible for about 22% of total greenhouse gas emissions in the EU, and tyres account for 20-30% of a vehicle`s fuel consumption, mainly due to their rolling resistance.
Reducing tyre rolling resistance helps reduce emissions and reduce costs for consumers by reducing fuel consumption. Trinseo (Berwyn, Pa.), a global supplier of plastics and manufacturers of plastics, latex binders and synthetic rubber, has concluded definitive agreements with Tyre Recycling Solutions (TRS) for commercial cooperation and participation in TRS. The transaction is expected to close under normal closing conditions this quarter. Consumers are now better informed when buying new tires so they can choose the safest and most fuel-efficient ones. This will help save lives and reduce greenhouse gas emissions in the road sector. The repeal of the current regulatory framework became necessary after its review showed that the tyre labelling system had not fully achieved its objective of improving safety and reducing greenhouse gas emissions in the transport sector, due to the low visibility of labels and the lack of adequate instruments to ensure enforcement of the legislation. Today, EU ambassadors have positively analysed a provisional agreement between the Council Presidency and the European Parliament on new tyre labelling rules for parameters such as fuel efficiency, wet handle and noise. The aim of the regulation is to provide consumers with greater information and to enable them to choose safer, more fuel-efficient and less noisy tyres. The agreement was reached late on November 13. The new rules have yet to be formally adopted by the Council and the European Parliament. The investment is in line with Trinseo`s recently announced 2030 Sustainable Development Goals, which describe the company as combating climate change, integrating sustainability into its product portfolio, promoting supplier and corporate responsibility, and embodying responsibility as an employer.