PORTSMOUTH, New Hampshire, USA, May 6, 2021 – Cyclyx International, a consortium-based feedstock management company with a mission to increase the recyclability of plastic from 10% to 90%, announced today the appointment of James Trevathan as vice president of feedstock sourcing and supply chain. Mr. Trevathan joined Cyclyx on May 4 and will help to build out the company’s supply chain and feedstock preprocessing infrastructure, while increasing productivity and driving greater reliability and quality from suppliers.
Mr. Trevathan brings a wealth of knowledge of logistics management and supply chain development. He joins Cyclyx from ExxonMobil Chemical where he most recently served as global sales and operations manager. Mr. Trevathan previously held positions in logistics management, supply management, planning and strategy.
“We are excited to welcome James, who brings over 16 years of experience working in large-scale and international logistics and operations at ExxonMobil, to the team. James’ expertise will be invaluable in helping us to build and refine our feedstock supply chain components which will bring us closer to our mission of increasing the recyclability of plastics,” stated Joe Vaillancourt, CEO of Cyclyx.
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recyclability of plastics from 10% to 90% 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, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com.
Contacts:
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
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.
Be a part of the solution.
Contact us:
investors@agilyx.com
contact@plastyx.com
Learn more at:
www.agilyx.com
www.plastyx.com
April 24, 2025
A letter from our CEO
Dear Stakeholder,
2024 was a transformative year for Agilyx. In June, we made a significant strategic shift from being primarily a developer of proprietary catalyst-free depolymerization technology to an investment holding company. Our focus is to maximize the potential of waste plastic feedstock management and custom formulations through Cyclyx, and of advanced polystyrene recycling technology with Styrenyx. This new direction aligns with our commitment to enable plastic circularity on a global and commercial scale while accelerating the shift to a low-carbon economy. For more than 20 years, Agilyx has been at the forefront of advanced recycling, pioneering technologies that have reshaped the industry. With 22 patents and a series of industry firsts, we have developed an unparalleled understanding of post-use plastic chemistry, contamination impacts, and the complexities of diverse waste streams.
Cyclyx customized feedstock: The cornerstone of recycling
Recognizing feedstock availability’s critical role in the recycling effort, our renewed focus centers on Cyclyx, our joint venture with ExxonMobil (25%) and LyondellBasell (25%) dedicated to increasing the recyclability of plastic waste by custom formulating it into valuable feedstock for new products. Through our extensive experience in waste characterization and handling contamination, we have developed an unmatched ability to optimize feedstock streams for diverse advanced and mechanical recycling technologies. This expertise positions us to address the critical industry bottleneck: the consistent supply of high-quality recycled plastic feedstock. Cyclyx is an essential bridge between waste producers and recyclers, ensuring that plastic waste is collected and inputs tailored to industrial needs.
Styrenyx advanced recycling: Recovering the value of plastic
Styrenyx, our proprietary depolymerization process enables polystyrene to be recycled repeatedly, reducing reliance on virgin resources and significantly lowering carbon footprints.
The year in brief
This year, Cyclyx continued to progress development of the Cyclyx Circularity Centers. The final investment decision for the second center, to be located in the Dallas-Fort Worth area, was taken in late 2024, marking a major milestone in the expansion of recycling infrastructure. Like the first center in Houston, this center is designed to process plastic waste into custom feedstock for recycling. Together with ExxonMobil and LyondellBasell, Agilyx invested $135 million in its development, with Agilyx’s $67.5 million pro-rata stake fully financed through equity and green bond transactions. Together, both Circularity Centers will have the capacity to produce an estimated 300,000 metric tons of feedstock annually, further strengthening our role in the circular plastics economy. We are also excited to have achieved the start of operations at Toyo Styrene’s (a member of the Denka group) facility in Japan. This facility showcases the latest generation of Styrenyx technology, highlighting our progress in scaling solutions for the circular economy. Learnings and successes over the years have played a critical role in demonstrating that advanced recycling of polystyrene is both feasible, as evidenced by facilities like Toyo, and essential to this global shift. Financially, we have reinforced our position through strategic capital raises, including a $40 million equity private placement in August and a $50 million senior secured green bond in November. Together, the raises provide the necessary resources to support the development of Cyclyx’s second Circularity Center and other corporate initiatives. Finally, we are very pleased to have launched our latest initiative, Plastyx—a 60/40 joint venture between Agilyx ASA and Circular Resources SARL. Plastyx is establishing sourcing supply chains in Europe to supply advanced recycling feedstocks to a wide range of customers, including working in close partnership with Cyclyx to support its inbound plastic demand.
Looking ahead
Our goal is clear: bridge the gap between waste producers and advanced recyclers, ensuring a steady supply of high-quality, process-ready feedstock. By supplying feedstock derived from post-use plastic and developing and marketing innovative, advanced recycling technology, we are driving meaningful change in the industry. With a strong and growing opportunity to deliver additional post-use plastic processing centers, Agilyx is poised to redefine the future of plastic recycling. As we embark on this new chapter, I want to thank our shareholders, partners, and employees for their continued support. Together, we are using technology for good, building a circular economy for plastics by turning waste into value.
Ranjeet Bhatia
Chief Executive Officer of Agilyx
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
Agilyx is committed to building an international sourcing platform to support our interests in Cyclyx. Carlos is a leader in our field and has unparalleled understanding of the advanced recycling industry. By combining Cyclyx 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 20th, 2025 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”) announces that production of styrene via Styrenyx, its proprietary polystyrene recycling technology, significantly reduces carbon equivalent emissions compared to producing styrene from fossil resources.
To better assess the carbon footprint of our advanced recycling, post-consumer waste circular styrene production, Agilyx commissioned Sphera Solutions, Inc. to perform a cradle-to-gate product carbon footprint (PCF) and compare results to conventional production of styrene from fossil resources. Results indicate that Agilyx’s process lowers carbon equivalent emissions by 38% using average grid electricity and 86% using wind electricity as compared to conventional styrene made from fossil resources. The study has been conducted according to the requirements of the International Organization for Standardization (ISO) 14067:2019-02 (ISO, 2019) and is currently undergoing independent critical review by 3rd party expert, in accordance with ISO/TS 14071:2014 (ISO, 2024). The expert review is expected to be complete in Q2 2025.
For context, these results indicate that an Agilyx facility producing 18,000 metric tons of styrene annually and powered by grid electricity could reduce the equivalent of ~15,000 metric tons of CO2 emissions compared to conventional styrene. This is equivalent to removing ~3,500 gasoline cars off the road for a year (~6.4 million litres /1.7 million gallons of gasoline) or the amount of CO2 sequestered by 245,000 tree seedlings over a decade (US EPA, 2024). Global production of styrene is projected to reach 16.75 million tonnes by 2026. If 10% of this volume were produced using Styrenyx, it would be the equivalent to removing 325,000 gasoline cars from the road annually.
“We are extremely encouraged by these results and remain committed to further reducing our carbon footprint” said Chris Faulkner, Chief Technology Officer of Agilyx. “By leveraging sustainable energy sources and innovative recycling technologies, we will reduce global carbon emissions and help solve the plastic waste challenge.”
About Agilyx
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 joint venture, 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. For more information, visit Agilyx’s corporate website www.agilyx.com
For investor inquiries contact: communications@agilyx.com