INEOS Styrolution and Agilyx Advance Chemical Recycling Plant Development
Collaboration with Technip Energies said to provide an all-in-one solution for the chemical recycling of polystyrene into high-purity styrene monomer.
INEOS Styrolution and Agilyx (a technology company that enables customers to recycle post-use plastics to high value, virgin-equivalent products) are advancing the development of a previously announced nearly 220,500-lb/day TruStyrenyx chemical recycling facility in Channahon, Illinois. TruStyrenyx is a partnership between Agilyx and French engineering & technology company Technip Energies (U.S. office in Houston, Texas) and provides an all-in-one solution for the chemical recycling of polystyrene back into high purity styrene monomer.
The resultant styrene monomer can be used to make new, food-grade PS products or packaging. Under the agreement, Agilyx and Technip Energies will collaborate with INEOS Styrolution and together develop the design and engineering that will serve as the basis for constructing the chemical recycling facility. The group anticipates completion of engineering in 2023, which will form the basis for a financial investment decision.
Said INEOS Styrolytion president Greg Fordyce, “We are very pleased to announce the advancement of the recycling plant in Channahon, Illinois. This facility will increase polystyrene recycling rates in the greater Chicago area and across the United States and demonstrates our company’s ongoing commitment to sustainability. The TruStyrenyx facility will allow us to provide our customers with recycled content that is incredibly high purity for producing environmentally conscious products using innovative and sustainable solutions.”
Said Agilyx CEO Tim Stedman, “I’m delighted that we are partnering with INEOS Styrolution to continue development of the first large-scale TruStyrenyx plant, utilizing some of the private placement funds Agilyx raised in September. We view TruStyrenyx as a game changer in the recycling of polystyrene, enabling an incredibly high purity, circular solution. This new facility will help to meet the growing demand from brand owners and consumers who want to see more recycled plastics in products.”
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