INEOS Styrolution, the global leader in styrenics, and Recycling Technologies, a
specialist plastic recycling technology provider announce today the signing of a joint
development agreement (JDA) to further advance the development of recycling of
polystyrene in Europe. Both companies share the same goals to make plastics a
sustainable material. This agreement recognises the commercial value of post-consumer
plastic waste to prevent this important resource being incinerated or ending up in
landfills.

INEOS Styrolution has extensive knowledge and expertise in polymer science and production
backed by its advanced technology and process.

Recycling Technologies possesses extensive knowledge, technology and expertise in the area
of building reactors, suitable to thermally recycle mixed plastics using pyrolysis.

Recycling Technologies has already completed a detailed research and trial process with
INEOS Styrolution. This activity included scientific research and processing of polystyrene on
Recycling Technologies’ Mark II test reactor producing excellent results. Both companies will
now further advance this depolymerisation solution based on Recycling Technologies’ fluidised
bed technology, currently used for mixed plastics to adapt it for the commercial recycling of
polystyrene.

INEOS Styrolution and Recycling Technologies believe depolymerisation has the potential to
close the loop, creating a circular economy for polystyrene making the material a more valuable
polymer. This recycled polystyrene has the potential to meet the high specifications demanded
for food packaging regulations making it attractive to the food industry.

Sven Riechers, Vice President, Business Management, Standard Products, EMEA at INEOS
Styrolution comments: “Recycling Technologies’ fluidised bed technology is a very promising
technology to drive our joint agenda forward. I am looking forward to a fruitful collaboration in
the interest of the environment, our customers and the consumers.”

Adrian Griffiths, CEO & Founder of Recycling Technologies Ltd., adds: “We are delighted to
enter this partnership with INEOS Styrolution to develop a commercial solution to recycle
polystyrene. This partnership creates the basis for a more circular economy in polystyrene
allowing its users to achieve their challenging recycling targets set by all their stakeholders. To
date we have focused on the recycling of mixed plastic waste, this initiative will allow us to
develop and expand our feedstock recycling technology solutions to address a new and
important market, recycling polystyrene.”