Polystyrene (PS) is currently used as packaging, insulating and storing material in various industrial or domestic fields. As a result, a large quantity of PS wastes is produced. Plastic wastes are not usually biodegradable, so it is necessary to suggest a technology to recycle them. Landfills and incineration are reasonably cheap methods but are not environmentally acceptable, therefore, alternative methods for polymer recycling are required. The general purpose of PS foam recycling is to recover a more compact polymeric material without degradation. Dissolution with terpenic solvents is presented here as an efficient and cheap alternative that is developed at room temperature; among the oils studied, limonene was selected because of its intermediate solubility and its abundance. The solvent removal is possible thanks to supercritical technology that provides a high solubility in limonene and almost a complete PS insolubility at moderated pressures (77 bar) and low temperatures (30 °C). Thus, based on the results of thermogravimetric and chromatographic analysis, we propose that.supercritical antisolvent precipitation is an ideal technique for carrying out the separation of PS and limonene, providing a recycled polymer with a reduced volume, almost completely free of solvent and without degradation of the polymeric chains.