Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) announces that it has signed a binding agreement with ExxonMobil and LyondellBasell to invest in Cyclyx, its waste plastic sourcing and processing joint venture. Under the agreement, LyondellBasell will become a partner in the joint venture and, with ExxonMobil, will together invest $135 million into Cyclyx to fund operating activities, advance the first Cyclyx Circularity Center (CCC) to final investment decision (FID), and fund construction costs through to commissioning.

Further information is attached.

Enquiries

Louise Bryant, SVP Corporate Development
+44 7813 210 809
Louise.bryant@agilyx.com