TIGARD, Oregon, USA – July 8, 2021 – Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the chemical recycling of post-use plastics, announced today Life Cycle Analysis (LCA) results for its chemical recycling technology. Agilyx participated in the Styrenics Circular Solutions LCA, contributing data for its depolymerization technology.
During the Styrenics Circular Solutions virtual event, ‘Move to Zero. Zero Waste. Zero CO2. Powered by Styrenics,’ LCA findings were unveiled with results indicating that Agilyx’ depolymerization technology saves approximately 75% of CO2-emissions in comparison to the production of polystyrene from virgin raw materials and incineration.
The SCS LCA focused on closed loop recycling routes back to food contact quality, analyzing food-quality polystyrene recycling options. Results from the study indicated that depolymerization is the most efficient process to recycle polystyrene into truly circular food quality products. Furthermore, depolymerization is the shortest recycling process in comparison to mechanical recycling and dissolution to achieve virgin food grade quality, enabling a fully circular process.
“At Agilyx, we want to accelerate the capture of post use plastics to put them to their best use,” said Tim Stedman, chief executive officer. “Our chemical recycling technology delivers a waste-to-value option for post-use plastics to get them back into the circular economy. These exciting results show the beneficial role that depolymerization can play in the recycling chain, where chemical recycling and other technologies can enable the circularity of plastics.”
This LCA study of polystyrene was performed by the leading research institute Neue Materialien Bayreuth (NMB), based in Germany. The methodology used by NMB followed the relevant international standards ISO 14040 / ISO 14044 and will be peer-reviewed.
Contact
Kate Ringier
Vice President, Communications & Government Affairs
Tel: +41 788-227-770
Email: kate.ringier@agilyx.com
About Agilyx
Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, LLC, and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop recycling solutions for mixed waste plastics. www.agilyx.com.
- Company reaches 16,000 commercial operating hours, marking 4,400 tons of plastic waste converted
- As a pioneer in advanced recycling with the first ever commercial scale closed loop facility of its kind, Agilyx has diverted the equivalent weight of 20 Statues of Liberty from landfill
TIGARD, Oregon, USA – July 1, 2021 – Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the chemical recycling of post-use plastics, announced that it has surpassed 16,000 hours of commercial operations at its certified chemical recycling operations in Oregon. This has been achieved both using mixed waste plastic, when the unit was formerly 100% owned by Agilyx, and with polystyrene, which is the current mode of operation in Tigard, Oregon with the unit now forming part of the Regenyx JV with AmSty. In its 16,000 hours of operations, Agilyx has converted over 4,400 tons or 8.9 million lbs of mixed waste plastic and polystyrene waste. Both the mixed waste plastic and the polystyrene waste has been sourced directly by Agilyx utilizing the feedstock management program that has since been incorporated into the Cyclyx Joint Venture.
This significant operating milestone equates to the weight of around 20 Statues of Liberty being diverted from landfills and oceans, reaffirming Agilyx’s mission to be a part of the solution to end plastic waste. “We are very proud of our team and our company for reaching this milestone,” said Tim Stedman, chief executive officer of Agilyx. “This is proof-positive that the model for plastic circularity is not only valid but achievable. Ongoing projects with our various partner companies will soon demonstrate that it is also highly scalable which will help us in our commitment to solve the problem of plastic waste.”
Contacts
Kate Ringier
Vice President, Communications & Government Affairs
Tel: +41 788-227-770
Email: kate.ringier@agilyx.com
About Agilyx
Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, LLC, and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop recycling solutions for mixed waste plastics. www.agilyx.com.
PARIS, France and OSLO, Norway – June 3, 2021 – Technip Energies announced today the initiation of an agreement with Agilyx Corporation (“Agilyx”), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): (“AGLX”), and pioneer in the advanced recycling of post-use plastics. This collaboration aims to accelerate the implementation of Agilyx’s technology for the advanced recycling of post-use polystyrene. Under this agreement, Technip Energies will market and license the integrated technologies of Agilyx depolymerization and Technip Energies purification technology, leveraging the expertise, resources, and global presence of respective companies.
Both companies bring strong, specialized experience to this offering: Agilyx contributes its deep experience in chemical recycling of post-use plastics, while Technip Energies has extensive experience in scaling-up technology which will increase the plastic recovery.
Stan Knez, Chief Technology Officer of Technip Energies, stated “We are delighted to scale-up this sustainable process to market with Agilyx, providing a reliable circular economy technology for a major plastic used widely throughout the world.”
Tim Stedman, CEO of Agilyx, said: “We’re excited to be working with Technip Energies. This partnership further accelerates the deployment of polystyrene circularity in the market, broadening polystyrene recyclability.”
Agilyx’s proprietary advanced recycling technology converts post-use plastics back into their original chemical components such that they can be used to produce high-quality products that can be recycled indefinitely, without degradation.
Contacts
Annette Morgan
Senior Communications Manager, Technip Energies Process Technology
Tel: +1 281-249-2475
Email: annette.morgan@technipenergies.com
Kate Ringier
Vice President, Communications & Government Affairs, Agilyx
Tel: +41 788-227-770
Email: kate.ringier@agilyx.com
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
About Agilyx Corporation
Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, Inc., and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.
- This is the company’s inaugural annual report
- The report highlights corporate activities and results, as well as sustainability highlights
OSLO, Norway – April 22, 2021 – Agilyx AS (Euronext Growth (Oslo): “AGLX”), a pioneer in the advanced recycling of post-use plastics, today announced that it has released its annual report for the fiscal year ending on December 31, 2020.
Consolidated group revenues in 2020 totaled USD 4.3 million, with a gross margin of USD 1.9 million and a loss from operations of USD 6.7 million. On the consolidated group balance sheet at year end, cash and cash equivalents totaled USD 38.9 million and notes payable totaled USD 2.9 million. In addition to financial results, the integrated report details the company’s goals and commitment to sustainability, responsible business practices, the environment, and social responsibility.
Agilyx has been publicly traded on the Euronext Growth exchange in Oslo since September 2020. Integrating the company’s financial results with its sustainability and environment/social/governance (ESG) goals and reporting underscores the company’s belief that sustainability is a key metric to Agilyx’s overall success.
The 2020 report introduces the science and solutions of chemical recycling, an emerging global industry.
“Sustainability is at the core of everything we do, and our commitment to circularity is fully integrated into our business,” Tim Stedman, chief executive officer of Agilyx stated. “This is why we are particularly proud to e-publish our first-ever integrated annual report. It has been less than a year since we publicly listed our shares, during which time we have made excellent progress in enhancing our governance and our commitment to sustainability, as evidenced by new sustainability goals that both reflect our core business priorities and are aligned with the United Nations Sustainable Development Goals.”
The full report is available on the investor relations section of the Agilyx website at agilyx.com/investors.
Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
About Agilyx
Agilyx (AGLX), is an early leader in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company Cyclyx International, Inc. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.
PORTSMOUTH, New Hampshire, USA – April 21, 2021 – Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the advanced recycling of post-use plastics, announced today the launch of its new corporate website featuring updated branding, an enhanced user experience, intuitive navigation and improved access to information about the company and its mission.
Designed with usability in mind, the new website offers users easy access to a range of expanded content in the areas of advanced recycling technology, sustainability, and investor relations. Visitors to the new site will benefit from a streamlined navigation and an expanded investor section offering up-to-date information on share price, company news, a financial calendar, and the ability to download past reports or sign up for investor alerts.
Included in Agilyx’s new website is an upgraded section for Cyclyx, the consortium-based feedstock management company with a mission to increase the recyclability of plastic from 10% to 90%. The Cyclyx area of the website provides valuable information about the company and its mission.
“Our new website reflects who we are and where we are headed,” Tim Stedman, chief executive officer of Agilyx stated. “Our commitment to sustainability and circularity is at the center of everything we do, as is our dedication to transparency in governance. The new site has been designed with these pillars in mind and offers our visitors an authentic introduction to Agilyx in an easy-to-use format.”
Agilyx’s new website will be updated regularly with news and events, new partnership announcements, investor and financial information, and corporate milestones. For more information visit www.agilyx.com.
Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
About Agilyx
Agilyx (AGLX), is an early leader in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company Cyclyx International, Inc. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.
- AmSty and Agilyx to jointly own and operate proposed 50-100 ton per day polystyrene recycling facility
- Facility to recycle waste polystyrene back into circular products
- Targeted location is AmSty’s Styrene production facility at St. James, Louisiana
The Woodlands, TX, and Oslo, Norway – April 8, 2021 – AmSty, the largest polystyrene producer in the Americas, and Agilyx Corporation, a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo)): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today an agreement to explore the development of a jointly owned advanced recycling facility. The initial scope of this project will be a 50 to 100 ton per day advanced recycling facility located at AmSty’s Styrene production facility in St. James, Louisiana. The facility will be a next generation expansion of Agilyx advanced recycling technology already in use at the parties’ Regenyx joint venture operating in Tigard, Oregon (www.regenyxllc.com), where post-use polystyrene products are converted back into virgin-equivalent styrene monomer. A feasibility study for the project is under way, with a timeline for construction and commissioning to be announced as progress continues.
“Polystyrene is an ideal material for the future of recycling,” said Dr. Randy Pogue, president, and chief executive officer of AmSty. “Not only can polystyrene products offer sustainability advantages where less material is required (e.g., a polystyrene foam cup is 95% air), but polystyrene is particularly advantageous for advanced recycling because it can be “unzipped” back to its original liquid form, styrene monomer, using 40% less energy than other polymers. As the global plastics industry moves toward circular recycling to build value and grow access, polystyrene becomes very attractive as a first mover with its inherent conversion advantages. AmSty is committed to keeping polystyrene products out of landfills through circular recycling. We are excited to expand our relationship with Agilyx in this new project to accelerate progress.”
“Development of this technology has picked up over the past decade, and it is time to reach a larger scale,” said Tim Stedman, chief executive officer of Agilyx. “We have been operating Regenyx with AmSty since 2019 and are pleased to expand our relationship toward a much larger facility at St. James. Joining AmSty as a co-investor underlines our commitment to accelerating the implementation of Agilyx advanced recycling technology and our licensing model. We believe that our technology will significantly increase the availability of recycled content for producers.”
Feedstock for this collaboration would be accessed via Cyclyx, Agilyx’s feedstock management company. AmSty is a founding member of the Cyclyx consortium. The Cyclyx platform encompasses an integrated set of innovations including chemical characterization of plastics, predictive modelling of feed sources to product pathways, custom feedstock recipes, and customized supply chains to deliver waste plastic feedstocks appropriate for recycling pathways.
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
AmSty
Josh Want
Communications Manager
+1 844-512-1212
About Agilyx
Agilyx (AGLX), is an early leader in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company Cyclyx International, Inc. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.
About AmSty
AmSty is a leading integrated producer of polystyrene and styrene monomer, offering solutions and services to customers in a variety of global markets. AmSty is a member of the American Chemistry Council and its Responsible Care initiative, and is headquartered in The Woodlands, Texas. AmSty is a joint venture equally owned by Chevron Phillips Chemical Company LP and Trinseo LLC.
Latest Innovation Demonstrates Agilyx’s Commitment to Technological Advancement
OSLO, Norway, March 24, 2021 – Agilyx AS (Euronext Growth (Oslo): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today that the European Patent Office (EPO) has issued a decision to grant a patent for the proprietary process for polishing Agilyx Synthetic Crude Oil (“ASCO”). The patent – EP2981593 – underscores Agilyx’s commitment to bringing its technological expertise and IP knowledge to the European market.
The newly patented process optimizes the removal of contaminants from ASCO with the use of proprietary equipment. ASCO is the product of Agilyx’s advanced recycling conversion process, which is delivered to customers as the building block for the manufacture of circular plastics. The resulting purer form of ASCO maximizes its compatibility with existing refining processes, while minimizing the damaging effects of contaminants on refinery equipment.
Commenting on the granting of the patent, Chris Faulkner, chief technology officer at Agilyx stated: “This new European patent yet again demonstrates our expertise in the advanced recycling of plastics and commitment to reducing plastic waste. Our technology offers a genuine pathway for plastic circularity and enables our vision of increasing the recycling of plastics.”
This latest patent is the result of specialist in-house research and development, reflecting the deep technical know-how and commercial scale operations that Agilyx has built upon since the company was founded. The patent highlights Agilyx’s significant experience in the industry of advanced recycling, converting mixed post-consumer plastics to high quality products.
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
About Agilyx
Agilyx (AGLX), is a pioneer in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology and intelligent feedstock management system, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company Cyclyx International, Inc. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advance recycling 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.