Recovering the value of plastic waste by transforming it into premium feedstock for sustainable solutions

Cyclyx recovers the value of post-use plastics through holistic sourcing and custom-formulated feedstock processing for mechanical and advanced recycling technologies.

From collection to new, virgin-equivalent material

Cyclyx logo

All-plastic waste collection channels

Cyclyx’s collection channels and partnerships can capture a wide range of plastics, including those that are typically excluded from curbside recycling

Cyclyx logo

Waste to tailored feedstock

Using an extensive chemical characterization database of post-use plastics, waste plastic is sorted and processed to deliver ISCC-PLUS-certified, custom-formulated feedstock that meets customers’ unique specifications

Handshake

Feedstock to product

Feedstock is converted into valuable, virgin-equivalent, lower-carbon material that can be used in the production of new plastics and products

353 million tons of plastic waste generated yearly, less than 10% is recycled*

One of the biggest barriers to plastic recycling is lack of feedstock from plastic waste.

*OECD

The lack of high-quality feedstock is a major industry bottleneck that curtails the potential of increased advanced recycling capacity

Supply of plastic feedstock lags existing pyrolysis capacity by an estimated 60%*. Innovative post-use plastic sourcing, sorting, and characterization are needed to meet feedstock demand.

The industry struggles with the management and infrastructure necessary to deliver the right type of feedstock to those who can recycle it best.

From this challenge, Cyclyx was born and now stands as the premier supplier of custom-formulated feedstock derived from plastic waste.

Chart: Wood Mackenzie

Announced capacity versus capability to provide circular feedstock supply

Projected demand for recycled material is increasing, creating a significant opportunity for Cyclyx Circularity Centers to provide plastic waste feedstock

Near term, feedstock demand and investment in innovative recycling solutions are forecasted to grow at record pace.

By 2030, an estimated 67 MM tons p.a. of incremental processing capacity will be required to supply sufficient feedstock to the recycling industry. Meeting this demand underscores the need for hundreds of plastic processing facilities across the U.S. and globally.

Chart: McKinsey

Learn more

What is a
Cyclyx Circularity Center?

Cyclyx Circularity Centers are first-of-their-kind facilities uniquely capable of accepting a wide range of plastic waste for sorting, processing, and formulating into custom feedstocks for mechanical and advanced recycling processes.

Discover more

Learn more about Cyclyx

Explore

Appointment underlines commitment to transform the plastic recycling supply chain

PORTSMOUTH, New Hampshire, USA, March 19, 2021 – Cyclyx International, a feedstock management company co-founded by Agilyx Corporation and ExxonMobil, announced today the appointment of Kevin Paine as Vice President of Finance – Business Partner. Mr. Paine joined Cyclyx on March 1 and will support the growth of the organization through strategic and business development efforts.

In his new role, Mr. Paine will bring his in-depth knowledge of the waste management sector to develop strategic growth and business development opportunities. Mr. Paine will also work to increase membership of the consortium-based organization from the whole spectrum of stakeholders in the plastic recycling industry. He will collaborate with partners to develop recycling solutions for all types of plastic waste.

“We are excited to welcome Kevin, who brings nearly 30 years of experience in waste management, to the team. Kevin’s expertise will be integral to advancing the growth of the organisation whose ultimate aim is to increase the recyclability of plastics,” stated Joe Vaillancourt, Cyclyx CEO.

Mr. Paine brings a multifaceted knowledge of the waste management sector. Mr. Paine joins Cyclyx from Waste Management (WM) where he most recently served as Director of Operations Analysis for WM’s organics recycling business. Mr. Paine previously held management roles focused on both consumer-facing and waste-to-value businesses, including plastics-to-oil and municipal waste-to-fuel conversion technologies.

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.

Contacts:

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

Glossary

A primer to the recycling industry and the Agilyx ecosystem

Agilyx employee and students in a chemical recycling facility.

Glossary

Advanced recycling

Advanced recycling – also known as chemical, molecular or feedstock recycling – refers to the sophisticated technologies used to convert post-use plastics (polymers) back to their original chemical building blocks (monomers) for continued reuse. As the only recycling process that makes plastic a circular resource, advanced recycling is critical to solving the problem of plastic waste and enabling the world’s transition to a low-carbon economy.

Circular economy
The circular economy describes a more sustainable economic system that is based on the “reduce-reuse-recycle” principle. Unlike the “take-make-waste” linear economy, circularity is considered essential to addressing climate change, better managing the world’s resources and achieving the UN Sustainable Development Goals.

EPR
EPR stands for Extended Producer Responsibility and is an environmental policy approach where a producer is responsible for the entire life cycle of its product, from creation to disposal, in order to meet legal obligations. Under EPR, producers are responsible for designing products with materials that have the lowest possible environmental impact and are optimized for recycling. The producer is also responsible for the post-use collection and treatment of its products with a focus on recycling

ESG
This abbreviation stands for the range of environmental, social and governance criteria used to evaluate the sustainability performance of a company or business and determine its level of financial risk. ESG factors play an increasingly important role for investors in both the public and private markets.

Feedstock
A feedstock is a single and uniform raw material that is used to drive an industrial process or act as fuel. Post-use plastic feedstocks can be used to create virgin-equivalent plastic, as well as plastic intermediates or other valued low-carbon products.

ISCC PLUS Certification
This independent and internationally recognized certification system, used to verify the allocation of recycled content in a manufacturer’s product, was developed by the International Sustainability & Carbon Certification. ISCC PLUS certification ensures a company’s compliance with sustainability and traceability requirements along the supply chain.

Mass balance
In short, mass balance is used to calculate and confirm the recycled content in a given product. It enables the tracking of recycled material throughout the industrial process, allowing the manufacturer or brand owner to claim how much of the final product can be attributed to recycled content. Third-party certification by recognized institutions, such as the ISCC, is critical in determining the accuracy of mass balance claims.

Mechanical recycling
According to Plastics Europe, mechanical recycling refers to the processing of plastics waste into secondary raw material or products without significantly changing the chemical structure of the material. Because the plastic is downgraded into lower-quality plastic with each cycle, it eventually winds up in landfills or the environment, and is therefore not circular.

Pathway
The pathway is the general term used to describe a more sustainable use of post-use plastic, rather than disposal in landfills or the environment. Agilyx has created commercial plastic-to-plastic pathways for polystyrene, with others underway.

Plastic-to-plastic recycling
This process involves using advanced recycling technology to break post-use plastic down into its original chemical components, which are fed back into the manufacturing process to create new, equally recyclable plastics. At a commercial scale, plastic-to-plastic recycling is the only way to turn plastic into a circular resource and exponentially increase global recycling rates.

Plastic intermediate
Plastic or chemical intermediates refer to base products that require additional steps prior to use in the production of new plastics. They do not include the direct monomers needed to produce new polymers.

Post-use plastics
Post-use plastics – also called post-consumer or waste plastics – are the used plastic products that are collected as part of waste management systems. They are either recycled or disposed of, winding up in landfills or the environment.

Pyrolysis
Pyrolysis describes the process of using heat to decompose materials and change their chemical composition. Agilyx uses an IP-protected pyrolysis technology which, in the absence of oxygen, breaks down the polymer chains without combustion (and its associated by-products).

Styrene monomer
A raw material used to create numerous plastic products and synthetic rubber. Agilyx uses an IP-protected pyrolysis technology to break down the polymer chains of multiple types of post-consumer plastics back into its original styrene building block enabling the recycling into new products again and again.

In The News

Big things are happening at Agilyx

Read More
Our commitment

Work towards a sustainable future

We are committed to help solve the problem of plastic waste. Our solutions can aid the transition to a circular economy for plastics and to a lower-carbon future.

Discover our solutions
Mount Hood in Portland, Oregon.

Divert plastics from landfills and create a circular economy

Through Cyclyx, our joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the development and implementation of innovative plastic waste solutions that divert plastics from landfills and the environment and reintroduce them to the economy as valuable, premium feedstock for recycling technologies.

Learn more

Mixed waste plastic

Our advanced recycling technology can promote circularity and reduce carbon-equivalent emissions

Styrenyx, Agilyx’s advanced recycling technology, can reduce carbon equivalent emissions for styrene production by up to 86% compared to fossil-based production. This recycling technology plays a fundamental role in reducing our customers’ environmental impact, supporting business model changes and enabling plastic circularity.

Explore Styrenyx

Agilyx's proprietary pyrolysis reactor

Continuously work toward sustainability

We are constantly evaluating and integrating our sustainable practices as an essential part of our company climate roadmap.

Active contribution to the UN Sustainable Development Goals

By transforming plastic from a linear to a circular model, Agilyx actively contributes to five of the 17 UN Sustainable Development Goals and indirectly contributes to two more.

View UNSD Goals

UN Sustainable Development Goal #8 Decent work and economic growth.

#8 DECENT WORK AND ECONOMIC GROWTH 

Through our initiatives and joint ventures, Agilyx supports valuable “green jobs” that are helping shape a better future for our economy and our world.

UN Sustainable Development Goal #9 Industry, innovation and infrastructure.

#9 INDUSTRY, INNOVATION AND INFRASTRUCTURE

Through investments in innovative recycling solutions and infrastructure, Agilyx is working to make post-use plastic management systems more circular and recover the value of plastic over and over again.

UN Sustainable Development Goal #11 Sustainable cities and communities.

#11 SUSTAINABLE CITIES AND COMMUNITIES

Cyclyx engages with waste management authorities and municipalities, advocating for greater investment in recycling infrastructure.

UN Sustainable Development Goal #12 responsible consumption and production

#12 RESPONSIBLE CONSUMPTION AND PRODUCTION

Agilyx directly supports reducing waste generation through prevention, reduction, recycling and reuse.

UN Sustainable Development Goal #13 Climate action.

#13 CLIMATE ACTION  

Advanced technologies like Styrenyx reduce society’s reliance on fossil fuels and support the transition to a lower carbon future. Plastics made from recycled feedstock have a lower greenhouse gas footprint than traditional plastics made from below ground fossil sources, such as oil and natural gas.

Agilyx has identified two additional SDGs that our value chain partners support through the adoption of Agilyx technology, enabling more circular and sustainable pathways:

UN Sustainable Development Goal #14 Life below water.

#14 LIFE BELOW WATER 

Diverting plastic waste from landfills and to feedstock processing facilities contributes to this goal by reducing plastic pollution in our oceans and waterways.

UN Sustainable Development Goal #15 Life on land.

#15 LIFE ON LAND

Agilyx is enabling efforts to reduce plastic pollution on land by supporting the creation of pathways to divert plastic waste from landfills and into feedstock processing facilities, promoting a circular economy with lower CO2 emissions.

For investors

Read the latest releases, reports and presentations on Agilyx

Discover

Investors

From feedstock management to advanced recycling technology, Agilyx invests in solutions across the value chain that help shift our world from a linear, “make-take-waste” economy, to a more sustainable “retrieve-restore-recycle” one. Agilyx is committed to help solve the crisis of plastic waste and support the transition to a low-carbon future by making plastic a truly circular resource.

Investor Subscription
Investor news
Reports and presentations
Analyst Coverage

Discover analysts monitoring our performance

General Meeting
General Meeting

Minutes and notices from our general meetings

Investor relations
Investor Relations

Our team is here to help

Share information
Share Information

Shares trading on the Oslo Stock Exchange and OTCQX Best Market

Corporate governance
Corporate Governance

Our foundation for financial integrity and sustainable performance

Financial calendar
Financial Calendar

Key dates for the financial calendar

Top share holders
Top Shareholders

The top 20 Agilyx ASA shareholders by shares, country, and history

Our Mission

Use innovative technology for good and help solve the problem of plastic waste

Big problems require BIG SOLUTIONS

While we agree that plastic waste is a huge global challenge, its recycling rates are currently less than 10%. This is due to outdated industry infrastructure and management processes that result in the majority of plastics ending up in landfills, incinerators and, worst of all, the environment.

This must change.

Polystyrene waste

Agilyx’s investments support innovations that help recover the value of plastic waste

Implementing recycling solutions reclaims plastic’s value and gives it a new, circular life. By expanding the range of recyclable plastics and increasing waste collection, sorting, and processing, we can enable plastic circularity. Our goal is to play a crucial role in recovering the value of “above-ground” hydrocarbons and accelerate the transition to a lower-carbon economy.

DISCOVER OUR COMPANY

Locations

office

The Agilyx Research Center and Headquarters

7370 SW Durham Road
Tigard, OR, 97224

office

European Office

plant

Toyo Styrene’s Polystyrene Recycling Facility – Employing Styrenyx

Chiba, Japan

Cyclyx Circularity Center 1

Houston, Texas

Under Construction

Cyclyx Circularity Center 2

Dallas, Fort-Worth, Texas

Under construction

Commitment to collaboration

No one can solve this enormous problem alone. As we tackle the complex challenges of managing plastic waste across the value chain, the need for collaboration has never been greater. By fostering a synergetic working environment with our employees, partners, customers, and communities, together we can drive this much needed change!

Discover how we work

Agilyx employee working with partners at an advanced recycling facility

A primer to the recycling industry and the Agilyx ecosystem

The recycling industry is full of challenges and opportunities. From feedstock supply to advanced recycling technology, opportunities to create value are there. This quick primer breaks down the basics and explains how Agilyx fits into the picture. From sourcing plastics to converting them into high-quality materials, explore how our ecosystem is helping drive real progress and value in plastic circularity.

Discover more

Agilyx employee and students looking at feedstock.
LEADING THE WAY

A team of experts committed to change

Meet The Team
INNOVATORS FROM THE START

Driven by technology, expertise and purpose

Agilyx employee working on Agilyx's proprietary advanced recycling technology.

Sustainable by design

Agilyx was founded in 2004 to help solve a pressing global issue: plastic waste.
We have since driven innovative solutions across the value chain by launching joint ventures Cyclyx and Plastyx to scale the production of high-quality feedstock, developing our advanced recycling technology for polystyrene waste, Styrenyx, and reimagining business models to accelerate global change.

2025

The Agilyx Research Center (the ARC) is open for operation. Our state-of-the-art R&D lab is dedicated to developing sustainable solutions for plastic waste that support the move towards plastic circularity.

2025

Agilyx launches Plastyx Ltd. to source and supply feedstock for the European advanced plastic recycling industry

Plastyx logo

2024

Powered by Styrenyx, Agilyx’s proprietary depolymerization technology, Japan’s largest advanced recycling facility for polystyrene waste is operational.

Agilyx advanced recycling technology for polystyrene waste, Styrenyx

2023

LyondellBasell joins the Cyclyx joint venture with Agilyx and ExxonMobil.

LyondellBasell logo
Mixed waste plastic

2022

Agilyx listed on the main list of the Oslo Stock Exchange.

Oslo Børs Stock Exchange building in Oslo, Norway.

2022

Agilyx and Technip Energies’ launch TruStyrenyx, an all-in-one technology platform for the advanced recycling of polystyrene.

Technip Energies logo
TruStyrenyx logo

2021

Cyclyx International, a post-use plastic-to-feedstock innovator, is launched with ExxonMobil as a joint venture partner.

ExxonMobil logo
Cyclyx logo

2020

Agilyx listed on the Merkur Market, part of the Oslo Stock Exchange (now EuroNext Growth).

ISCC PLUS certification received for fully circular pathway for polystyrene recycling.

Board members for Agilyx ring the bell as the company's shares begin trading on the EuroNext Growth Exchange in Oslo.

2013-2014

TSCA registration received from US EPA for Agilyx Synthetic Crude Oil (ASCO), and 8 million pounds of mixed waste plastics are processed.

Environmental Protection Agency logo
Plastic waste feedstock at an advanced recycling facility.

2010-2012

Generation 4 and 5 technology released and business grows to commercial deployment.

Agilyx's proprietary advanced recycling technology, Styrenyx.

2007-2008

Generation 2 and 3 technology released.

Agilyx's proprietary advanced recycling technology, Styrenyx.

2006

Development of Generation 1 technology and oil production breakthrough.

An Agilyx employee carrying polystyrene waste.

2004

Agilyx founded in Longview, Washington (US) as Plas2Fuel.

Agilyx logo

Discover our solutions

Cyclyx

An industry-leading, post-use plastic-to-feedstock innovator

Explore

Plastyx

Created to address the critical feedstock shortage in Europe’s advanced recycling industry

Explore

  • 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

Source link

  • 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, 2021Agilyx 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.

Source link





PORTSMOUTH, New Hampshire, USA, February 4, 2021 ─ Cyclyx International, LLC (“Cyclyx”), a post-use plastic feedstock management company, today announced several key appointments to its executive team to advance its innovative consortia-based recycling platform. Rick Cochrane has been named Senior Vice President, Strategy and Business Development and Lauren Etlinger joins Cyclyx as General Counsel. These new appointments will further strengthen the Cyclyx team as it scales its mission to increase the recyclability of plastic.

Mr. Cochrane joins Cyclyx from Continuus Materials LLC where he was Senior Vice President of Business Development. During his time at Continuus, Mr. Cochrane managed and developed key business partnerships for the company. Prior to Continuus, Mr. Cochrane was CEO and COO, respectively, of two private-equity owned businesses, the former specializing in plastic products manufacturing and the latter in electronics recycling. Mr. Cochrane also worked for nine years at Waste Management (WM). During his time at WM he served in a variety of management positions, including in WM’s Organic Growth Group where he was responsible for developing growth strategies for new waste to value businesses. Mr. Cochrane holds a B.S. in Chemical Engineering from Vanderbilt University.

Lauren Etlinger joins Cyclyx from ExxonMobil Corporation. At ExxonMobil, Ms. Etlinger provided legal counsel to the ExxonMobil Fuels and Lubricants Company, including gasoline and feedstock supply coordination, products, crude and gasoline logistics optimization, sales and marketing. Prior to joining ExxonMobil, Ms. Etlinger practiced law at the international law firm of Norton Rose Fulbright, focusing on business litigation, compliance matters and internal investigations. Ms. Etlinger began her legal career as a Law Clerk to the Honorable Marcia Crone in U.S. District Court for the Eastern District of Texas.

“We are excited to add Rick and Lauren to our team,” said Joe Vaillancourt, President of Cyclyx. “Rick’s experience in waste-based feedstocks will be invaluable in executing our strategic priorities and expanding key business partnerships which lie at the core of the organization’s future growth. Lauren brings extensive legal expertise in the industry, including feedstock supply management critical to implementing new supply chain strategies for plastic recycling. I look forward to working with Rick and Lauren.”



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.



Source link

PORTSMOUTH, New Hampshire, USA, February 4, 2021 ─ Cyclyx International, LLC (“Cyclyx”), a post-use plastic feedstock management company, today announced several key appointments to its executive team to advance its innovative consortia-based recycling platform. Rick Cochrane has been named Senior Vice President, Strategy and Business Development and Lauren Etlinger joins Cyclyx as General Counsel. These new appointments will further strengthen the Cyclyx team as it scales its mission to increase the recyclability of plastic.

Mr. Cochrane joins Cyclyx from Continuus Materials LLC where he was Senior Vice President of Business Development. During his time at Continuus, Mr. Cochrane managed and developed key business partnerships for the company. Prior to Continuus, Mr. Cochrane was CEO and COO, respectively, of two private-equity owned businesses, the former specializing in plastic products manufacturing and the latter in electronics recycling. Mr. Cochrane also worked for nine years at Waste Management (WM). During his time at WM he served in a variety of management positions, including in WM’s Organic Growth Group where he was responsible for developing growth strategies for new waste to value businesses. Mr. Cochrane holds a B.S. in Chemical Engineering from Vanderbilt University.

Lauren Etlinger joins Cyclyx from ExxonMobil Corporation. At ExxonMobil, Ms. Etlinger provided legal counsel to the ExxonMobil Fuels and Lubricants Company, including gasoline and feedstock supply coordination, products, crude and gasoline logistics optimization, sales and marketing. Prior to joining ExxonMobil, Ms. Etlinger practiced law at the international law firm of Norton Rose Fulbright, focusing on business litigation, compliance matters and internal investigations. Ms. Etlinger began her legal career as a Law Clerk to the Honorable Marcia Crone in U.S. District Court for the Eastern District of Texas.

“We are excited to add Rick and Lauren to our team,” said Joe Vaillancourt, President of Cyclyx. “Rick’s experience in waste-based feedstocks will be invaluable in executing our strategic priorities and expanding key business partnerships which lie at the core of the organization’s future growth. Lauren brings extensive legal expertise in the industry, including feedstock supply management critical to implementing new supply chain strategies for plastic recycling. I look forward to working with Rick and Lauren.”

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.

Source link