Plastic has transformed modern life … but plastic waste is a problem that needs to be solved now.
Agilyx is a leader in chemical recycling of post-use plastics back into plastics chemicals and low carbon fuels. Over the last 16 years Agilyx has, through extensive research and commercial operations, developed leading industry technology and know-how to make plastic a true circular resource.
Agilyx launched the first commercial plastics-to-plastics recycling facility in 2018 in Tigard, Oregon, USA. Agilyx’s proprietary technology platform for pyrolysis is a continuous, catalyst-free process that can convert a broad range of plastic feedstocks through a variety of pathways into valuable end products – including virgin-equivalent polymers, polymer base stocks and low-carbon/low-sulfur fuels.
In early 2020, Agilyx AS was established as the new parent company in Norway. In August 2020, Tim Stedman joined the company as new CEO of Agilyx, and Peter Norris, Chairman of Virgin Group, was named new Chairman of the Board of Agilyx AS. In September 2020, the company completed a successful placing of approximately NOK 300 million through a private placement, and applied to have its shares admitted to trading on Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange.
Trading on the Merkur Market is expected to commence on or around September 30, 2020, under the ticker “AGLX”. The Merkur Market, with its active cluster of renewable companies and strong focus on environmentally and socially responsible investing, is an ideal listing venue for a company like Agilyx.
Agilyx intends to use the net proceeds from the Private Placement for acceleration of project development and delivery, pipeline development and European expansion, R&D expansion, Cyclyx development required to support business plan, as well as for general corporate purposes.