Mon, Mar 15, 2021 07:30 CET

• The agreement concerns Agilyx’s pyrolysis advanced technology to convert mixed waste plastics into high-value circular products and fuels
• NextChem will act as technology, and Engineering, Procurement, and Construction (EPC) partner on a series of projects

OSLO, Norway – Milan, Italy, March 15, 2021 ─ Agilyx Corporation, a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”), a pioneer in the advanced recycling of post-use plastics and NextChem, subsidiary of Maire Tecnimont Group, have entered into an agreement to support the development of advanced chemical recycling facilities globally. This agreement combines Agilyx’s leading pyrolysis technology with NextChem’s expertise, as a leader in licensing, implementation, and EPC services for plastics recycling solutions.

Under the agreement, NextChem will act as a technology and EPC partner for Agilyx. The aim of this partnership is to accelerate the implementation of chemical recycling facilities globally, utilizing Agilyx advanced pyrolysis technology in the conversion of mixed waste plastic into circular olefins and circular fuels. With a longstanding expertise in the advanced recycling of plastics, Agilyx’s proprietary chemical recycling process can turn post-use plastics back into their original chemical components for continued use, increasing the recovery of plastics that cannot be recycled with traditional recycling processes.

The scope of the partnership, in its first phase, is to develop a series of chemical recycling projects for third parties. The initial focus will be on two already identified projects, one in Europe and one in South America. Furthermore, the agreement would represent an opportunity for co-investments in specific projects in order to accelerate the overall commercial pipeline.

“We are proud to include this new partnership with Agilyx into our portfolio and further develop our basket of technological solutions for the circular economy, that already include Upcycling, waste to chemicals, waste to fuels, polymerization and now also thermochemical conversion (pyrolysis). We are strongly committed to finding solutions for plastics sustainability along its life-cycle and to enabling a new circular, low carbon economy,” commented Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem.

“This alliance represents an acceleration for Agilyx to expand our footprint and implement our advanced recycling technology globally,” said Tim Stedman, Agilyx CEO. “NextChem is a global leader in the deployment and realization of projects and technologies for energy transition and circular economy and we are pleased to be partnering with them to accelerate our go to market strategy as we seek to expand our technology licensing.”

About Maire Tecnimont Group
Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource conversion market (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition.  The Maire Tecnimont Group operates in approx. 45 countries, though approx. 50 operative companies and about 9,100 people. For further information: www.mairetecnimont.it  www.nextchem.com

Group Media Relations
Carlo Nicolais, Tommaso Verani
+39 02 63137603
mediarelations@mairetecnimont.it

Investor Relations
Riccardo Guglielmetti
Tel +39 02 6313-7823
investorrelations@mairetecnimont.it

Communication Manager NextChem
Ilaria Catastini
+39 06 93567718 – +39 327 0663447
mediarelations@nextchem.itAbout 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. www.agilyx.com.

Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
Kate.Ringier@agilyx.com

• Cyclyx will help scale up supply of qualified plastic waste for the recycling industry
• Aims to provide needed supply chain transformation to enable advanced recycling on a large scale

TIGARD, Oregon, Feb 25, 2021 ─ Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a leader in advanced recycling technology, established Cyclyx International LLC., on January 1, 2021. ExxonMobil joined Agilyx to become a founding member of the joint venture which is focused on helping increase plastic waste recycling.

Cyclyx will aggregate and pre-process plastic waste to meet the technical requirements of a wide range of recycling processes while ensuring reliable supply of feedstock to its customers. Cyclyx aims to transform the current supply chain and help accelerate the growth of the advanced recycling industry by connecting companies looking for plastic waste solutions with customers engaged in recycling initiatives.

The joint venture combines Agilyx’s expertise in plastic waste conversion with ExxonMobil’s technology expertise and large-scale petro-chemical manufacturing network. As part of the agreement, Cyclyx will help supply plastic waste feedstocks for ExxonMobil’s advanced recycling projects. Advanced recycling involves breaking down plastic waste to its molecular building blocks which are then used in the process of making virgin-quality plastic and other valuable products.

“This is a significant milestone for Agilyx and Cyclyx, as it marks the beginning of an entirely new approach to plastic waste recovery,” said Tim Stedman, chief executive officer at Agilyx. “Our mission at Agilyx is clear – to help solve the issue of plastic waste.”

“This joint venture represents an entirely new proposition about the way we handle plastic waste,” said Joe Vaillancourt, newly appointed chief executive officer of Cyclyx. “The Cyclyx business model brings tangible solutions, turning plastic waste into valuable new products. Leveraging Agilyx’s expertise in plastics recycling and the scale of partners like ExxonMobil, we aim to create a lasting and impactful change.”

“We see Cyclyx as helping to fill an important missing link in the plastics recycling value chain that is needed for advanced recycling solutions to scale,” said Karen McKee, President of ExxonMobil Chemical Company. “We share society’s concern about plastic waste, and our new joint venture is an important step in our efforts to develop advanced recycling technologies and approaches to help meet demand for certified circular polymers.”

ExxonMobil holds a 25 percent equity interest in Cyclyx with Agilyx owning the remaining 75 percent. In addition to supplying plastic waste to Agilyx’s customers and ExxonMobil, Cyclyx also aims to supply other customers with feedstock solutions for a wide range of recycling initiatives.

Cyclyx invites other companies to join as members, connecting waste producers with advanced and mechanical recyclers through innovative supply chains. Members could include retailers, brand owners, waste management companies, petrochemical companies, municipalities and others looking for solutions to address plastic waste in the environment.

Cautionary Statement

Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, operational results, scaling and expanding current recycling and research, the impacts of new technologies, and the creation of new sources of supply for industrial processes, could vary depending on the outcome of further research and testing; the development and competitiveness of alternative technologies; the ability to scale current projects on a cost-effective basis; political and regulatory developments; and other factors discussed in this release.

Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com

About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop recycling solutions for all types of post-use plastics. The company’s mission is to increase the recyclability of plastics by using Cyclyx’s expertise in understanding the chemical composition of waste plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation (“Agilyx”), a leader in advanced chemical recycling, and joined by ExxonMobil Chemical Company, one of the largest chemical companies in the world, to help address the complexities of recycling post-use plastics. For more information, visit us at www.cyclyx.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.

​

• Carolyn Clarke appointed Board Advisory Consultant
• Agilyx to nominate Ms. Clarke for election to its Board of Directors at Annual General Meeting

Oslo, Norway, February 1, 2021 ─ Agilyx AS (Euronext Growth (Oslo): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today the appointment of Carolyn Clarke as a Board Advisory Consultant, effective February 1, 2021. Agilyx intends to nominate Ms. Clarke for election to its board of directors as well as Audit Committee Chair at its Annual General Meeting on May 13, 2021.

Ms. Clarke is a seasoned executive in finance, accounting, risk management and governance. She is the founder and CEO of Brave Consultancy, a management consulting firm that provides innovative solutions, enabling organizations to navigate risk. Ms. Clarke will join Agilyx initially as an independent board consultant, advising on strategic considerations, particularly as it relates to the company’s audit process.

Before founding Brave Consultancy, Ms. Clarke was the Head of Audit, Risk and Control at Centrica, where she transformed the audit function to be recognized as one of the Leading Audit teams by the Institute of Internal Auditors. Prior to this, Ms. Clarke spent almost twenty years with PwC and seven years as a partner. While acting as PwC’s Country Managing Partner in Mongolia, Ms. Clarke established the first global professional services firm in the country, leading the provision of audit, tax, capital markets, transactions, and advisory services. She was presented with an award for the Best International Company in Mongolia by the Business Council in 2012.

Ms. Clarke currently holds several Board positions; she is the Chair of the Board of Care International UK and a member of the Global Council of Care International. Ms. Clarke also serves as non-executive director and is a member of the Audit Committee at Starling Bank. Until recently, Ms. Clarke was the Vice-Chair of the Institute of Business Ethics.

Tim Stedman, CEO of Agilyx said: “I am delighted to welcome Carolyn to Agilyx. Carolyn’s wealth of experience as an auditor and advisor to a wide range of multinational organizations, including within the energy industry, will be vital as Agilyx continues to grow.”

Ms. Clarke said: “I am excited to be joining Agilyx at such a critical time as we seek a greener and more sustainable future. Agilyx has an important role to play in creating a future where waste plastics and polymers can become a valuable renewable resource. I am pleased to bring my audit, risk and financial experience to support the company and its growth.”

Ms. Clarke holds a bachelor’s degree in Accounting and Finance from Newcastle University. Ms. Clarke is a member and fellow of the Institute of Chartered Accountants in England and Wales, as well as a member of the Chartered Institute of Internal Auditors.

Contacts 

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, LLC. 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.

The Project Aims to Produce Polypropylene from Mixed Waste Plastic

OSLO, Norway and PHILADELPHIA, PA, December 16, 2020 ─ Agilyx Corporation, a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, and Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the initiation of a feasibility study to explore the development and construction of an advanced plastics recycling project in North America.

The project aims to examine an efficient pathway to produce polypropylene (PP) using difficult-to-recycle mixed waste plastic, powered by Agilyx advanced recycling technology. Mixed waste plastics for this project would be sourced through Agilyx’s feedstock management company, Cyclyx International, Inc. In addition, this project is targeting circular PP with the necessary properties for demanding customer applications such as food packaging, consumer, and hygiene products.

Mark Nikolich, CEO of Braskem America, stated, “As the North American leader in polypropylene, Braskem is committed to evolving its feedstock portfolio to leverage more sustainable input sources and is currently evaluating various supply agreements and innovative projects to drive this shift. Our collaboration with Agilyx is just the most recent example of Braskem’s efforts to more holistically address the limited availability of propylene feedstock derived from post-use plastic in the market today. Looking forward, Braskem intends to explore direct investment options as needed to help accelerate this transition to more circular and sustainable feedstock and production technologies.”

“We are pleased to partner with Braskem to advance this project forward and to expand the market for post-use recycled plastic,” said Tim Stedman, CEO of Agilyx. “Agilyx has a proven technology leadership and track record in converting hard-to-recycle plastic.  This collaboration targets a new product pathway for Agilyx, converting mixed waste plastic into the chemical building blocks used to produce polypropylene.”

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.

About Braskem

Braskem is strongly committed to a world where nothing is wasted and everything is transformed. Recently, Braskem announced its new commitment to a Carbon Neutral Circular Economy, with clearly stated targets for growing their I’m green^TM recycled products portfolio to sales of 300,000 tons by 2025 and 1 million tons by 2030.  Also, earlier this year Braskem became a founding member and funding partner of the Polypropylene Recycling Coalition, an initiative of The Recycling Partnership with a focus on increasing U.S. curbside recycling access for polypropylene and ensuring PP is widely recovered and reused. Braskem is also a founding member of the Alliance to End Plastic Waste. 

To learn more about Braskem’s commitment to a carbon neutral circular economy visit: https://www.braskem.com/usa/news-detail/braskem-affirms-commitment-to-circular-economy-and-to-achieve-carbon-neutrality-by-2050.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including Braskem’s commitments to sustainability. The words “commits,” “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the implementation of operating, financing and other strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.  Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.

Contacts:

Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com

Braskem
Stacy Torpey
Communications Director
+1 (215) 841 3194
stacy.torpey@braskem.com

Braskem on social media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
www.twitter.com/BraskemSA

Beatriz Malo de Molina named new Agilyx CFO

Russell Main to join Cyclyx International, LLC. as CFO

OSLO, Norway December 15, 2020 ─ Agilyx AS (Euronext Growth (Oslo): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today the appointment of Beatriz Malo de Molina as Chief Financial Officer (CFO), effective January 4, 2021.

Ms. Malo de Molina will succeed current CFO Russell Main, who will be transitioning to CFO of Agilyx’s recently established feedstock management company, Cyclyx International, LLC. (“Cyclyx”).  

Ms. Malo de Molina brings to Agilyx a seasoned career in investment banking, private equity, and consulting. She most recently served as Senior Vice President, Head of Mergers & Acquisitions with Orkla ASA. Prior to this role, she held several management and operational roles with Kistefos Private Equity, McKinsey & Co., Inc. in Norway, and internationally with the Goldman Sachs Group, Inc., as well as Ernst & Young. Ms. Malo de Molina currently serves on the board of directors for Nel ASA, a global supplier of hydrogen technology.

“I am pleased to welcome Beatriz to our management team,” said Tim Stedman, Chief Executive Officer at Agilyx. “Beatriz brings a distinguished career with a strong professional background in banking, strategy, and M&A. She will no doubt be integral in driving forward the success of our company.”

“I want to thank Russ for his tremendous leadership in the IPO effort and improving the support functions of our growing company and to his continued success as CFO of Cyclyx,” added Stedman. 

Commenting on her position, Ms. Malo de Molina said, “I am thrilled to join Agilyx, and keen to work with such an accomplished international team in addressing the problem of post-use plastics. Agilyx is at the forefront of enabling waste plastic recycling at a commercial scale, with a view towards finding sustainable solutions for this pressing global issue.”

“I am delighted to welcome Russ to the Cyclyx leadership team and look forward to working with him to build out this organization,” said Joe Vaillancourt, President of Cyclyx. “Russ’s entrepreneurial spirit and public company finance experience will be instrumental in creating a solid financial and governance footprint to support the future growth of the company.”

A native of Madrid, Spain, Ms. Malo de Molina graduated from Georgetown University in Washington D.C., and holds a Master’s degree in Philosophy from the University of Oslo. Ms. Malo de Molina will continue to be based in Oslo, where she has been a resident since 2006. 

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, LLC. 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.

Contacts 

Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com