Oslo, [September 16, 2022] – 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, today has its first day of trading on the main board of Euronext Oslo Børs, following an uplisting from Euronext Growth Oslo. The Agilyx shares trade under the ticker “AGLX” on Oslo Børs and on the US marketplace OTCQX under the ticker “AGXXF”.
“The uplisting is an important milestone for Agilyx, almost exactly two years since we first went public on Euronext Growth in Oslo. Taking the step up to a regulated market is not only a confirmation of the quality of our business model, technology, and internal processes, it is also the result of successful operational and commercial development. Following years of relentless focus on business development and fostering of technology partnerships we now step into a phase of rapid growth in activity and revenue. Our pipeline of projects is growing fast, and we see a clear path towards our revenue goal of USD 200-300 million by 2025/2026,” said CEO of Agilyx Tim Stedman.
A leader in chemical recycling, Agilyx technology gives post-use plastic a new, circular life by converting this valuable material back into its original building blocks for reuse. By enabling plastic circularity on a global and commercial scale, Agilyx plays a vital role in accelerating the shift to a low-carbon economy.
With Agilyx’s chemical recycling technology and intelligent feedstock management system via Cyclyx, mixed plastic waste can be converted to new virgin equivalent plastics – creating the opportunity for true circularity.
Contact:
Kate Ringier VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
About Agilyx
Agilyx 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.
Technip Energies and Agilyx announced today the launch of the TruStyrenyx™ brand, the only all-in-one solution for the chemical recycling of polystyrene. TruStyrenyx™ combines Agilyx’s pyrolysis process and Technip Energies purification technology, yielding a recycled styrene monomer with exceptional high purity. Styrene monomer is used to make numerous plastics and other polymers. It is one of the three primary components of ABS (acrylonitrile-butadiene-styrene), can make the pure polymer polystyrene, and is an ingredient in various synthetic rubbers.
This launch follows successful results from pilot plant testing conducted on difficult to recycle waste polystyrene, including flame retardant laden waste polystyrene. Recycled styrene monomer from the pilot plant meets American Society for Testing and Materials (ASTM) standards(1) for styrene monomer and is greater than 99.8 wt% purity. Flame retardants contain halogens, which are known to be difficult impurities for current polymer production processes. The pilot plant has successfully shown that the resulting halogen concentration in the styrene monomer product is below available detection limits(2).
Technip Energies and Agilyx announced their partnership in June 2021, leveraging Agilyx conversion technology and Technip Energies purification process.
Bhaskar Patel, SVP of Sustainable Fuels, Chemicals and Circularity at Technip Energies, said: “We are pleased with the results of our pilot plant testing in our R&D facility in Weymouth, Massachusetts. This marks an important step in our development of circular solutions for styrenics technologies, and our relationship with Agilyx. Our joint innovative solution, TruStyrenyx™, for the chemical recycling of polystyrene offers potential clients a feasible way to make polymer products from recycled sources without compromising product integrity.”
Chris Faulkner, Ph.D, Chief Technology Officer at Agilyx, said: “This technology collaboration is completely new to the marketplace, offering an all-in-one solution for the chemical recycling of Polystyrene. The high purity of the recycled styrene monomer from testing proves that TruStyrenyx™ offers a recycling solution on par with virgin materials.”
(1) ASTM standards are used and accepted worldwide and cover many industries.
(2) By ASTM D7359 testing method.
Contacts
Technip Energies
Annette Morgan
Head of Marketing & Communications
Sustainable Fuels, Chemicals & Circularity
Tel: +1 281-249-2475
Email: annette.morgan@technipenergies.com
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
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”). For further information: www.technipenergies.com.
About Agilyx
Agilyx 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.
OSLO, Norway – July 25, 2022 – Agilyx (Euronext Growth Oslo: AGLX.OL; OTCQX: AGXXF), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, announced today the appointment of Stephen Hamlet to vice president of human resources, effective immediately. Mr. Hamlet joins Agilyx as a people-centric leader who will build and unite the company’s rapidly-growing global team.
With over 20 years of diverse HR leadership and hands-on HR operations experience, Stephen possesses a strong background in developing and leading human resources in manufacturing, technology, and many other industries. In his new role, Mr. Hamlet will lead all HR functions for Agilyx including employee engagement, training and development, diversity and inclusion initiatives, recruitment and day-to-day workforce operations. He holds an MBA with a focus in Human Resources Management from Louisiana State University – Shreveport.
“We are pleased to welcome Stephen to the team,” stated Tim Stedman, CEO of Agilyx. “His entrepreneurial mindset and broad background across industries, particularly in the technology and waste to energy industries, provides him a ready familiarity with what we are trying to accomplish at Agilyx. Stephen brings the unique experience and dedication we need to build a world-class business culture centered around our people.”
About Agilyx
Agilyx 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.
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com