- Aromatic chemicals (benzene, toluene, xylene) are one of the fundamental building blocks of the chemical industry
- Account for ~40% of total petrochemicals by volume and worth ca. $200B/yr
GRONINGEN, Netherlands and OSLO, Norway – April 24, 2023 – BioBTX B.V. (“BioBTX”), the global leader in renewable aromatics technology, and Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a leading post-consumer plastics recycling company have entered into a strategic collaboration to explore the scale-up of BioBTX technology at a commercial demonstration plant for the production of renewable aromatic chemicals (benzene, toluene, xylene: BTX).
The partnership will bring Agilyx technology into BioBTX’s first commercial plant. Agilyx’s pyrolysis technology for difficult-to-recycle post-use plastics combined with BioBTX catalytic technology to convert pyrolysis vapours into aromatic chemicals will create a unique synergy for the production of renewable aromatic chemicals (BTX).
The integration of these two technologies will yield a high quality BTX product, meeting the demanding specifications of the chemical industry whilst also converting difficult to recycle plastic waste streams.
“This is a significant milestone for chemical recycling as it demonstrates the versatility of Agilyx conversion technology as a key enabler for not only circular plastics but also aromatic chemicals,” said Tim Stedman, CEO of Agilyx. “We are thrilled to bring these two technologies together for this innovative collaboration.”
“In a sustainable future, carbon demand needs to be obtained from renewable sources. This partnership between Agilyx and BioBTX is a key stepping stone on the path to a truly circular society,” said Ton Vries, CEO of BioBTX. “We decided to work together with Agilyx, a global leader in pyrolysis technology for waste plastic on a commercial scale. This cooperation shows that BioBTX and Agilyx are complementary and add value to each other, like Diels and Alder.”
Market
Aromatic chemicals (BTX) are key chemical building blocks, representing 40% of the petrochemicals in terms of volume. In monetary terms, the current Total Addressable Market (TAM) is ca. 200 billion Euros per year, growing to 500 billion Euro or more in 2050.
Global demand for these aromatics is currently 180 million tonnes of carbon and estimated to be 400 million tonnes of carbon in 2050 (Nova Institute).
Contacts
For media inquiries:
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
louise.bryant@agilyx.com
About BioBTX
BioBTX is a circular chemistry technology developer that enables the replacement of fossil resources by biomass & plastic waste. These renewable resources are used for the production of drop-in chemicals to enable sustainable and future proof materials. BioBTX developed a unique and commercially attractive integrated catalytic pyrolysis process that maximizes BTX yield and minimizes operational costs. Without biobased and renewable aromatics the options for sustainable materials are very limited; with these renewable aromatics however, it is possible to achieve truly green and sustainable materials for the entire society and industry. At BioBTX we want to change the world; we want to make our future green. That is why we develop technology for a sustainable and circular future.
About Agilyx
Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a molecular recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial scale waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com or follow us on Linkedin.
- Collaboration with Technip Energies developing into projects
- Final stage of design and engineering work will form the basis for construction
- Facility will process up to 100 tons of polystyrene waste per day
OSLO, Norway and AURORA, Illinois – March 27, 2023 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx”), a technology company that enables customers to recycle post-use plastics to high value, virgin-equivalent products, and INEOS Styrolution America LLC (:”INEOS Styrolution”), the global leader in styrenics, are pleased to announce that they are advancing the development of a previously announced 100 tons per day TruStyrenyx™ chemical recycling facility in Channahon, Illinois.
TruStyrenyx is a partnership between Agilyx and Technip Energies and provides an all-in-one solution for the chemical recycling of polystyrene back into a high purity styrene monomer. The styrene monomer can be used to make new, food-grade plastic 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. We anticipate completion of engineering in 2023, which will form the basis for a financial investment decision.
Tim Stedman, CEO of Agilyx, said: “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.”
Greg Fordyce, President of INEOS Styrolution, said: “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.”
Contacts
Agilyx
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
louise.bryant@agilyx.com
For media inquiries:
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
INEOS Styrolution
For media inquiries:
April Ludwikowski
Communications Manager, Americas
INEOS Styrolution America LLC
4245 Meridian Parkway, Suite 151
Aurora, IL 60504, USA
+1 331.212.5757
ABOUT AGILYX
Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a molecular recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial scale closed loop plastic-to-plastic chemical recycling facility and holds over 17 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com or follow us on Linkedin.
ABOUT INEOS STYROLUTION
INEOS Styrolution is the world’s leading styrenics supplier, with a high-performing portfolio of styrene monomer, polystyrene, ABS Standard and styrenic specialty products. With more than 90 years of innovation in materials science, INEOS Styrolution is focused on customer satisfaction with differentiated solutions that provide a competitive edge as well as investments in technology that enable closed loop recyclability for styrenics while reducing our carbon emissions. INEOS Styrolution applications can be found in many everyday products across multiple industries: including automotive, electronics, household, construction, healthcare, packaging, and toys/sports. Operating 16 production sites in nine countries, the company is a wholly owned subsidiary of INEOS Group Limited and employs approximately 3,100 people. Sales were 6.6 billion euros in 2022.
More information: www.ineos-styrolution.com
OSLO, Norway – January 20, 2023 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, is pleased to announce that its CEO, Tim Stedman, has been included in the ICIS Top 40 Power Players, a global ranking of senior executives driving the greatest positive impact in the chemical industry.
The ICIS Top 40 Power Players are selected by the global ICIS editorial news team for demonstrating excellence and vision in one or more of the following areas: ESG (environmental, social, governance), innovation, mergers and acquisitions/portfolio management, profitability/shareholder value and projects.
“I’m honored to have been included among such an impressive list of people within the industry” stated Mr. Stedman in regard to his ranking on the list. “The recognition of Agilyx’s accomplishments over the past year by the team at ICIS is very heartening and we look forward to all of the great work that lies ahead as we continue to deliver on our mission to help solve the problem of plastic waste.”
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
About Agilyx
Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a molecular recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial scale closed loop plastic-to-plastic chemical recycling facility and holds over 17 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com or follow us on Linkedin.