YewMaker, the executive lead of the Sustainable Medicines Partnership (SMP), is announcing that Agilyx has joined as a Founding Collaborator. The SMP is a not-for-profit private-public collaboration executing projects to make the use of medicines more sustainable and less wasteful.
Agilyx (Euronext Growth (Oslo): “AGLX”) is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products.
In its collaboration with the SMP, Agilyx will have an initial focus on enhancing medicines packaging sustainability. Roughly one trillion medicine packets are thrown away each year, destined for landfill or incineration even though most could be recycled. Eliminating the single use of these plastics is a priority for the SMP.
“Sustainable Medicines Partnership has an exemplary goal to make medicines more sustainable and equitable. Agilyx is extremely proud to join SMP in its work to reduce waste in medicines packaging,”. “There is a perception out there that packaging like blister packs can’t be recycled, but that is not the case. Our proven technology can create a more sustainable solution for this high-grade medical packaging.” – Tim Stedman, CEO of Agilyx
Agilyx will work with SMP to develop tested, data-driven, scalable solutions to address the factors that have previously made these materials hard to recycle such as the chemical complexity of the plastics involved and the logistical difficulties with collection, sorting and disposal in a highly siloed industry.
“Packaging plays an essential role in ensuring the quality and safety of medicines. Developing circular solutions to reduce single use of plastics in medicines packaging is a key focus of the SMP. We are delighted Agilyx, who are leading innovators in recycling complex plastics, will be working with us.”- Nazneen Rahman, YewMaker CEO, SMP Director.
Contacts:
YewMaker: comms@yewmaker.com
Agilyx: Kate Ringier kate.ringier@agilyx.com
About the Sustainable Medicines Partnership
The SMP is a not-for-profit, private-public, multi-stakeholder collaboration. Through executing priority actions, the Sustainable Medicines Partnership aims to stop the avoidable waste of medicines and medicines packaging – reducing healthcare emissions and increasing health equity globally. Learn more at www.yewmaker.com/smp
About YewMaker
YewMaker builds science-based, scalable, concepts and solutions that make healthcare more sustainable. YewMaker is the initiator and executive lead of the Sustainable Medicines Partnership. Learn more at www.yewmaker.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.
In an effort to help address packaging waste in the pharmaceutical industry, Agilyx has joined the Sustainable Medicines Partnership (SMP) as a programme collaborator and technology partner. SMP is a collaboration of some of the leading players in the pharmaceutical and healthcare sectors. Agilyx joins other founding collaborators including AstraZeneca and Deloitte. YewMaker, the executive lead of the SMP, created the not-for-profit entity with an aim to make healthcare more sustainable by reducing the billions of medicines wasted every year.
This collaboration with SMP represents an important focus area for Agilyx, as its feedstock and technology solutions will be leveraged by SMP and its partners with the goal of developing closed-loop recycling for pharmaceutical packaging, material that has previously been considered difficult to recycle. This exciting new project opens new pathways for Agilyx technology while building on the capabilities of both Cyclyx and Agilyx to address the most challenging plastic waste.
Roughly one trillion medicine packets are discarded each year, destined for landfill or incineration even though most medicines plastics could be recycled. Agilyx will concentrate efforts on SMP’s key priority of tackling discarded plastics and using it as a resource to deliver sustainable packaging to the pharmaceutical industry.
“Sustainable Medicines Partnership has an exemplary goal to make medicines more sustainable and equitable. Agilyx is extremely proud to join SMP in its work to reduce waste in medicines packaging,” said Tim Stedman, CEO of Agilyx. “There is a perception out there that blister packs can’t be recycled but that is not the case. Our proven technology can incorporate the PVC from blister packs into feedstock recipes that can create a more sustainable solution for these high-grade medical products.”
“Packaging plays an essential role in ensuring the quality and safety of medicines. Developing circular solutions to reduce single use of plastics in medicines packaging is a key focus of the SMP. We are delighted Agilyx, who are leading innovators in recycling complex plastics, will be working with us,” said Nazneen Rahman, YewMaker CEO, SMP Director
Agilyx will work with SMP to deliver tested, data-driven, scalable solutions to address the factors that have previously made these materials hard to recycle such as the chemical complexity of the plastics involved and the logistical difficulties with collection, sorting and disposal in a highly siloed industry. Beginning in early 2022, the collaboration will first focus on blister packs, a leading example of a material historically thought to be unrecyclable.
Oslo, Norway – February 21, 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 Jonathan Tyler as senior vice president of corporate development to help drive the company’s strategic planning process and investor relations strategy.
Mr. Tyler comes to Agilyx with over 25 years of experience in investment banking with a longstanding specialization across the chemical industry with related work in cleantech and sustainability. Tyler has held leadership positions with Houlihan Lokey, Bear Stearns (now JP Morgan), Goldman Sachs and Climate KIC. Early in his career he was a top ranked research analyst, including heading European chemical research for Goldman Sachs. He has worked on many of the most complex M&A and financial restructuring projects across the global chemical industry, and also numerous IPOs/listings. Most recently he served as managing director at Perella Weinberg Partners.
“We are excited to welcome Jonathan to Agilyx with his wealth of experience in strategic decision making and investor relations,” stated Tim Stedman, CEO of Agilyx. “Jonathan’s strong professional background will be vital in developing the strategic relationships needed to usher Agilyx into its next phase of growth.”
Mr. Tyler will be based at the company’s European hub, located just outside of Zurich, Switzerland.
Contacts
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.