Agilyx ASA (OSE: AGLX: OTCQX: AGXXF) announces its venture Plastyx Ltd. has reached 75% of its near-term objective to source and execute MOUs for 200,000 metric tons of waste plastic by the end of 2025. As of today, it has executed MOUs for 150,000 tons.
At this rate, Plastyx is likely to double its target and help advanced recycling growth by developing partnerships and material processing capabilities to ensure a reliable supply of high-quality polymers for food-grade and other high-performance packaging applications.
Agilyx ASA is at the forefront of advanced recycling, converting post-use plastics into high-value feedstock and virgin-equivalent products. Through Cyclyx, its joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Through Plastyx, its joint venture with Circular Resources (40%), Agilyx provides critical European-sourced feedstock to the global mechanical and advanced recycling markets. Additionally, Agilyx markets TruStyrenyx, a polystyrene advanced recycling solution that combines its Styrenyx depolymerization technology with Technip Energies’ purification process. By advancing from a linear “make-take-waste” model to a circular economy, Agilyx advances the transition to a low-carbon future.
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What the advanced recycling industry needs to support its growth and sustainability contributions
While advanced plastic recycling technologies are scaling industrially and complementing mechanical recycling, the industry’s growth remains constrained by the availability of consistent, high-quality feedstock. Plastyx is designed to bridge this gap by developing partnerships and material processing capabilities to ensure a reliable supply of high-quality polymers for food-grade and other high-performance packaging applications.
Plastyx at a glance
What Plastyx does
Act as a feedstock aggregator and pretreatment processor of plastic waste
Operate in a merchant capacity to supply material specified for the range of advanced recycling requirements
Technology agnostic, focused on rigorous quality standards, reliability and long-term value
Agilyx is committed to building an international sourcing platform to support waste plastic feedstock supply. Carlos is a leader in our field and has an unparalleled understanding of the advanced recycling industry. By combining market-leading feedstock management capabilities with Carlos’ expertise, we are creating a first mover in this critical market segment.
Ranjeet Bhatia, CEO of Agilyx
Learn more about Plastyx
ExploreOSLO, Norway – March 24th, 2025 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”) announces the launch of Plastyx Ltd. in collaboration with Carlos Monreal. Plastyx aims to be Europe’s leading feedstock supplier to the advanced plastic recycling market. Plastyx Ltd. is a 60:40 joint venture between Agilyx and Circular Resources SARL. Mr. Monreal will serve as Chairman.
While advanced plastic recycling technologies are scaling industrially and complementing mechanical recycling, the industry’s growth remains constrained by the availability of consistent, high-quality feedstock. Plastyx is designed to bridge this gap by developing partnerships and material processing capabilities to ensure a reliable supply of high-quality polymers for food-grade and other high-performance packaging applications. The company´s near-term objective is to source and execute MOUs for 200,000 metric tons of waste plastic by the end of 2025.
“I am excited to start this new phase. After developing advanced recycling facilities as chairman and CEO of Plastic Energy and investing in recycling collection programs through my investment in GreenDot, the natural, next step is to focus on feedstock sourcing. Partnering with Agilyx provides a unique opportunity to scale our joint vision,” said Carlos Monreal.
“Agilyx is committed to building an international sourcing platform to support our interests in Cyclyx,” added Ranjeet Bhatia, Chief Executive Officer of Agilyx. “Carlos is a leader in our field and has unparalleled understanding of the advanced recycling industry. By linking Cyclyx’s industry-leading feedstock management capabilities with Plastyx, through Agilyx’s shared ownership interest, we are launching an exciting first mover in this critical market segment.”
For more information, visit www.agilyx.com and www.plastyx.com
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For inquiries contact: investors@agilyx.com
Agilyx ASA is at the forefront of plastic waste recycling, enabling the conversion of challenging post-use plastics into high-value, virgin-equivalent products. Recognizing that availability of high-quality, custom feedstock is critical for scaling recycling processes, Agilyx, through its Cyclyx and Plastyx joint ventures, provides tailored feedstock solutions to global plastic producers. In addition, Agilyx leverages its Styrenyx technology platform and T.EN’s purification technology to market TruStyrenyx – a full polymer-to-monomer
advanced recycling solution for polystyrene. By advancing from a linear “make-take-waste” model to a sustainable circular economy, Agilyx supports the transition to a low-carbon future. Our adaptable approach ensures bespoke solutions, leveraging extensive IP and feedstock expertise to meet diverse customer needs.