Agilyx enters into collaboration with Monroe Energy to produce lower-carbon crude oil for jet fuel production

Agilyx enters into collaboration with Monroe Energy to produce lower-carbon crude oil for jet fuel production

Agilyx's innovative crude oil is derived from waste plastics

Investor Sir Richard Branson backs innovation as a major step forward


News provided by

Agilyx

13:05 ET

TIGARD, Ore., Nov. 15, 2018 /PRNewswire/ -- Agilyx, the leader in converting waste plastics to fuels and chemicals, today announced a collaborative agreement with, Monroe Energy, to supply up to 2,500 barrels per day (bbl) of Agilyx's synthetic feedstock.

Agilyx derives the feedstock, Toxic Substances Control Act (TSCA) registered Agilyx Synthetic Crude Oil ("ASCO") product, through a proprietary waste plastics recycling technology.

Agilyx has agreed to supply ASCO to Monroe Energy, a wholly owned subsidiary of Delta Air Lines. Monroe will refine the ASCO into jet fuel for Delta. Agilyx plans to locate a production facility near Monroe's refinery, which is located just outside of Philadelphia, developing the plant in phases until it reaches a production capacity of 2,500 bbl per day by [the end of 2020].

"This is a capstone achievement for Agilyx," said Joe Vaillancourt, Agilyx's chief executive officer. "We are very excited to be working with Monroe Energy and Delta. As we advance the number and types of products we are able to make from waste plastics, this project marks the first truly commercial-scale facility that will advance the new plastics economy."

Agilyx , which is based in Tigard, Ore., has Virgin Group founder Sir Richard Branson as an early investor.

Sir Richard said: "This is a major step forward in the search for a cost effective low carbon aviation fuel. The beauty of the Agilyx process is it will take waste plastics which are a major problem for the environment and turn it into something useful. I am excited by the opportunity and pleased that Monroe Energy and Delta are looking to collaborate on this ground breaking project."

"The Agilyx technology is an innovative process, reducing the amount of plastic that is currently being landfilled," said Jeff Warmann, CEO – Monroe Energy. "I am proud that our company can play such a significant role in converting waste plastics into useful jet fuel for Delta."

About Agilyx

Agilyx is an environmental technology and development company located in Tigard, Oregon, that extracts value from difficult-to-recycle mixed waste plastic streams. The Company has developed the first system capable of recycling polystyrene waste into styrene monomer, which is then used to remake polystyrene ("PS"). The company also has commercialized a technology that converts mixed plastics to high quality VGO crude. These efforts have allowed the company to expand its product platform into a range of customized low carbon fuels and chemicals. Agilyx is working with waste service providers, municipalities, refiners, and private and public enterprises to develop closed-loop industrial solutions for mixed waste plastics.

Contact us to have your plastic waste streams recycled at info@agilyx.com. For more information, follow us on social media and visit us at www.agilyx.com.

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SOURCE Agilyx

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