Why invest in Agilyx?
Agilyx is a publicly traded, technology-agnostic leader in the plastic recycling sector, trusted by blue-chip partners. We present a strong, diversified-exposure investment opportunity in the advanced recycling industry with funded projects that promote future growth and present a clear path to profitability.
Agilyx at a glance
A publicly traded company
Listed on the Oslo Stock Exchange (OSE) since September 2022, with a market capitalization* of NOK 2.74b (USD 272m)
*As of 29 August 2025
Two industrial-scale Cyclyx Circularity Centers in construction
The two USA-based centers have a combined capacity to produce approximately 150ktpa of custom feedstock for advanced recycling technologies.
On advanced recycling technology
Eight generations of technology development, a polystyrene waste recycling facility running on Styrenyx advanced recycling technology licensed to Toyo Styrene (a member of Denka Group), and 22 patents active in North America, the Middle East, Mexico and Asia.
Given the complexity of plastics, and the difficulty in sourcing post-use plastics,
feedstock availability is a enormous industry BOTTLENECK
With seven primary types of plastic and countless combinations of additives and contaminants, the plastic waste stream is incredibly complex and poses significant challenges for recyclers. Despite high demand for quality feedstock, many materials including films, foams, and multi-layer packaging are not widely accepted in easily accessible recycling services (curbside systems and drop-off facilities), leading to inconsistent recovery and limited supply. Adding to this challenge, each recycling technology requires a specific feedstock profile to operate efficiently.
Plastyx will address the feedstock supply shortage
New regulations and increased consumer environmental awareness are pressuring brands to increase their recycled content targets.
By 2030, advanced recycling supply capacity will lag announced required demand by 50%. This creates a significant challenge accessing appropriate feedstock to supply advanced recycling production facilities.
Plastyx is rising to the challenge by acting as a feedstock aggregator and pretreatment processor of European-sourced plastic waste
Source: ICIS, Plastyx Market Intelligence, McKinsey
New regulations and increased consumer environmental awareness are pressuring brands to increase their recycled content targets.
By 2030, advanced recycling supply capacity will lag announced required demand by 50%. This creates a significant challenge accessing appropriate feedstock to supply advanced recycling production facilities.
Plastyx is rising to the challenge by acting as a feedstock aggregator and pretreatment processor of European-sourced plastic waste
Source: ICIS, Plastyx Market Intelligence, McKinsey
Cyclyx offers tailored feedstock solutions for recycling technologies
Cyclyx stands alone in creating custom-formulated feedstock derived from post-use plastics for both advanced and mechanical recycling processes. Precision is made possible through proprietary technology encapsulating an extensive database cataloging the complexity of post-use plastics, chemical characterization and management, and state-of-the-art sortation and processing.
Cyclyx stands alone in creating custom-formulated feedstock derived from post-use plastics for both advanced and mechanical recycling processes. Precision is made possible through proprietary technology encapsulating an extensive database cataloging the complexity of post-use plastics, chemical characterization and management, and state-of-the-art sortation and processing.
Two Cyclyx Circularity Centers in the pipeline
The first center is under construction in Houston and is expected to start operations in 2025. The second is located in Dallas-Fort Worth, with an expected start of operations in 2026.
Strong growth in feedstock demand is supported by market conditions, presenting a unique investment opportunity in plastic recycling infrastructure.
There is substantial profit potential in the recycled plastics market
$2,000 per metric ton
Significant margins of up to $2,000 per metric ton available throughout the value chain
McKinsey: A unique moment in time: Scaling plastics circularity
$1,500 premium
Plastics derived from advanced recycling processes are commanding a premium, often selling for $1,500 or more per metric ton compared to traditional fossil fuel-based plastics.
McKinsey: Beyond the Bottle: Solutions for recycling challenging plastics
Premiums driven by a significant supply-demand imbalance
These high premiums are driven by a significant supply-demand imbalance. The availability of feedstock for advanced recycling lags behind announced capacity by as much as 60%.* Addressing this demand highlights the vital importance of Cyclyx Circularity Centers in fostering circularity and improving the handling of post-use plastic waste.
*Wood Mackenzie
Agilyx is changing the way the world recycles
Agilyx is dedicated to solving the problem of plastic waste by investing in solutions across the value chain, from feedstock supply derived from post-use plastics to the recycling industry, to innovative advanced recycling technology.
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Increasing the recyclability of post-use plastics
Offering solutions for plastic waste through advanced recycling technology and feedstock processing capabilities
Solving the plastic waste crisis will require paradigm-breaking systems and technology. At Agilyx, we are investing in solutions that turn plastic waste into a valuable resource that can be used in the production of virgin-equivalent recycled material for reuse.
Ranjeet Bhatia, CEO
Our Products & Services
We offer innovative solutions for waste plastic recycling
tailored to meet our customers’ needs.
Cyclyx
Cyclyx is a joint venture among Agilyx (50%), ExxonMobil (25%), and LyondellBasell (25%) to convert post-use plastic waste into high-quality feedstock for both mechanical and advanced recycling applications.
Styrenyx
We license our depolymerization technology for polystyrene waste recycling. We source, sell and supply all the necessary core equipment to make the project successful.
Agilyx Research Center
Through a collaborative approach, we offer design and engineering services, engineering integration, permitting support and other project support services that are tailored to our customers’ recycling needs.
Plastyx
Plastyx is a European-sourced feedstock supplier to the European advanced recycling industry. Through partnerships and material processing capabilities, the availability of high-quality polymers for food contact and other technical packaging applications is being rapidly scaled.
Investing in
solutions for plastic waste
Agilyx offers a compelling investment opportunity within the recycling industry, with well-funded projects driving growth and a clear pathway to profitability.
Moving towards a
lower-carbon future
Working with our customers, we are creating and supporting circular models where plastics can be used, recycled, and reused again and again. Closing the loop by replacing virgin plastic production with recycled material keeps plastics out of landfills and our environment, reduces demand for fossil resources, like oil and gas, and lowers greenhouse gas emissions.
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, is proud to announce that its depolymerization technology was successfully demonstrated during commissioning of Toyo Styrene’s 10 ton-per-day chemical recycling facility in Japan.
The recycling plant will convert post-use polystyrene into a styrene monomer enabled by Agilyx depolymerization technology. The styrene monomer will then be converted back into high value polystyrene products which bear a significantly lower carbon footprint than similar products made with virgin monomer.
Construction of the facility was completed in March 2024, at which time the commissioning process began. Last week, polystyrene was successfully depolymerized and converted to on-specification product during commissioning. The Toyo Styrene plant showcases the latest generation of Agilyx’s technology.
“The successful production of on-spec product during the commissioning process at Toyo’s facility is an exciting milestone,” stated Russ Main, interim CEO for Agilyx. “This achievement demonstrates the efficacy of Agilyx’s technology and brings us one step closer to project completion on the first polystyrene chemical recycling facility in Japan.”
Agilyx and Toyo will continue to partner and optimize the facility over the next few months.
For media inquiries:
communications@agilyx.com
For investor inquiries:
investors@agilyx.com
Agilyx ASA 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 chemical 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 waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 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 agilyx.com, subscribe to our newsletter or follow us on LinkedIn.
OSLO, Norway – February 29, 2024 – 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, announced today that it has reached an agreement with Americas Styrenics (AmSty), its joint venture partner, to close Regenyx after successfully achieving the objectives defined in its five year formation agreement.
Regenyx, located in Tigard, Oregon (US), is a 50/50 joint venture between AmSty and Agilyx. The company converts post-use polystyrene back into its original components for production under AmSty’s PolyRenew® label. Regenyx showcases Agilyx depolymerization technology and enables AmSty to produce new polystyrene that is used to make products with the same quality and durability as virgin plastic. Over the course of the five-year project, Regenyx diverted over 6 million pounds of post-use polystyrene waste from landfills.
“Because of Regenyx, the new circular plastics economy now has a place for polystyrene, and this essential material that improves people’s lives has even more potential for growth,” said Tim Barnette, AmSty vice president of polymers and sustainability. “AmSty is proud to have been part of this long-term project that proves advanced recycling of polystyrene is not only feasible, it is the future.”
“We are very proud of our team and our company for the important work we’ve done over the past five years in Tigard,” said Russ Main, interim CEO of Agilyx. “Building this first-of-its-kind circular recycling model for polystyrene in the US opened the door for Agilyx to progress additional commercial projects, such as the Toyo Styrene plant in Japan which is nearing completion of commissioning and will showcase the latest generation of Agilyx technology.”
The Regenyx venture achieved many milestones including establishment of ISCC PLUS certification for the demonstrated circular pathway. The venture also allowed both parent companies to develop and progress additional projects and pathways at larger scale. Having successfully delivered its defined project objectives, Agilyx and AmSty will decommission the Regenyx venture at the end of the five-year agreement. The plant will cease operations by April 30, 2024, alongside the wind down of the venture.
For media inquiries:
Melanie Burger
Director, Corporate Communications
communications@agilyx.com
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
investors@agilyx.com
ABOUT AGILYX
Agilyx ASA 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 chemical 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 waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 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 or follow us on Linkedin.
Agilyx’s proprietary advanced recycling technology
Styrenyx
Our technology uses catalyst-free depolymerization to recycle polystyrene waste back into its virgin-equivalent building blocks for reuse in new, high-quality products. A third party reviewed report confirms that when using renewable energy to recycle polystyrene (PS) to styrene, Styrenyx can reduce up to 86% of carbon-equivalent emissions compared to fossil-based production.
Styrenyx, our advanced recycling technology, not only enables a circular economy for plastic, it does so with a lower carbon impact. Choosing innovative solutions and investing in the necessary infrastructure is essential for solving the plastic waste crisis and create a lower-carbon, more sustainable future.
Preserving the value of plastic, sustainably
Agilyx’s advanced recycling technology tackles the global plastic waste problem by processing hard-to-recycle plastics that traditional recycling methods cannot. Styrenyx, our proprietary depolymerization process, uses controlled temperatures to break polystyrene into its original building blocks, preserving their value for continuous reuse in a circular economy. Our technology supports a sustainable future by using an electrified reactor with lower carbon impact and a renewable energy source.
Our technology can reduce carbon equivalent emissions for styrene production by up to 86% compared to fossil-based production
Agilyx commissioned Sphera Solutions to conduct a cradle-to-gate carbon footprint assessment.
Lowers emissions by 86% when powered by renewable energy
Cuts CO₂ emissions by 46% using grid electricity
Consistent with ISO 14067:2018 standards
Critically reviewed by a third party
Built for versatility Styrenyx is used in commercial-scale technology platforms to redirect plastic waste from landfills and the environment back into use. Unlike other technologies, Styrenyx’s reactor does not use a catalyst. This means we are able to process even contaminated plastic waste, greatly increasing recyclability rates.
Lower-carbon process
Reduces carbon impact by using an electrified reactor powered by a renewable energy source
Catalyst-free system
Allows contaminated polystyrene feedstocks
Robust feedstock capability
Allows input of a broad range of polystyrene feedstocks and blends (including, waste PS, GPPS, EPS, XPS, HIPS, ABS, AS & SAN)
Flexible process
Reduces carbon impact by using an electrified reactor powered by a renewable energy source
Backed by 20+ years of technology development
With eight generations of technology development, a robust portfolio of patents and a license actively operating at a waste polystyrene recycling facility in Japan, Agilyx has established its leadership position in the advanced recycling industry. The technology is compatible with ISCC PLUS certification standards, enabling traceability and verification of recycled content to support customer and regulatory requirements.
Styrenyx: Feedstock to Product
Styrenyx is designed to drive the future of sustainable packaging by enabling plastics to be recycled repeatedly, reducing reliance on fossil-based materials and significantly lowering carbon footprints.
Input: Polystyrene feedstock
Densified polystyrene waste is fed into the reactors.
Conversion: Depolymerization
Our patented pyrolysis reactor depolymerizes, (breaks down using high, controlled temperatures) the polystyrene into its original building blocks: styrene monomers.
Output: Styrene monomer
The end-product, a styrene monomer, enables all styrene monomer end-markets to create new, virgin-equivalent, high-quality polystyrene products, reducing the need for fossil-based production.
Styrenyx is proven on a commercial scale
Styrenyx is at the heart of Toyo Styrene’s advanced recycling facility in Chiba, Japan — the largest facility dedicated to the depolymerization of polystyrene waste in the country.
This innovative facility converts polystyrene waste into a styrene monomer using Styrenyx technology. The recovered styrene monomer can be used to make high-quality polystyrene products with a significantly reduced carbon footprint compared to those made with virgin materials.
- Aromatic chemicals (benzene, toluene, xylene) are one of the fundamental building blocks of the chemical industry
- Account for ~40% of total petrochemicals by volume and worth ca. $200B/yr
GRONINGEN, Netherlands and OSLO, Norway – April 24, 2023 – BioBTX B.V. (“BioBTX”), the global leader in renewable aromatics technology, and Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a leading post-consumer plastics recycling company have entered into a strategic collaboration to explore the scale-up of BioBTX technology at a commercial demonstration plant for the production of renewable aromatic chemicals (benzene, toluene, xylene: BTX).
The partnership will bring Agilyx technology into BioBTX’s first commercial plant. Agilyx’s pyrolysis technology for difficult-to-recycle post-use plastics combined with BioBTX catalytic technology to convert pyrolysis vapours into aromatic chemicals will create a unique synergy for the production of renewable aromatic chemicals (BTX).
The integration of these two technologies will yield a high quality BTX product, meeting the demanding specifications of the chemical industry whilst also converting difficult to recycle plastic waste streams.
“This is a significant milestone for chemical recycling as it demonstrates the versatility of Agilyx conversion technology as a key enabler for not only circular plastics but also aromatic chemicals,” said Tim Stedman, CEO of Agilyx. “We are thrilled to bring these two technologies together for this innovative collaboration.”
“In a sustainable future, carbon demand needs to be obtained from renewable sources. This partnership between Agilyx and BioBTX is a key stepping stone on the path to a truly circular society,” said Ton Vries, CEO of BioBTX. “We decided to work together with Agilyx, a global leader in pyrolysis technology for waste plastic on a commercial scale. This cooperation shows that BioBTX and Agilyx are complementary and add value to each other, like Diels and Alder.”
Market
Aromatic chemicals (BTX) are key chemical building blocks, representing 40% of the petrochemicals in terms of volume. In monetary terms, the current Total Addressable Market (TAM) is ca. 200 billion Euros per year, growing to 500 billion Euro or more in 2050.
Global demand for these aromatics is currently 180 million tonnes of carbon and estimated to be 400 million tonnes of carbon in 2050 (Nova Institute).
Contacts
For media inquiries:
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
louise.bryant@agilyx.com
About BioBTX
BioBTX is a circular chemistry technology developer that enables the replacement of fossil resources by biomass & plastic waste. These renewable resources are used for the production of drop-in chemicals to enable sustainable and future proof materials. BioBTX developed a unique and commercially attractive integrated catalytic pyrolysis process that maximizes BTX yield and minimizes operational costs. Without biobased and renewable aromatics the options for sustainable materials are very limited; with these renewable aromatics however, it is possible to achieve truly green and sustainable materials for the entire society and industry. At BioBTX we want to change the world; we want to make our future green. That is why we develop technology for a sustainable and circular future.
About Agilyx
Agilyx ASA 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 waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 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 or follow us on Linkedin.
- Collaboration with Technip Energies developing into projects
- Final stage of design and engineering work will form the basis for construction
- Facility will process up to 100 tons of polystyrene waste per day
OSLO, Norway and AURORA, Illinois – March 27, 2023 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx”), a technology company that enables customers to recycle post-use plastics to high value, virgin-equivalent products, and INEOS Styrolution America LLC (:”INEOS Styrolution”), the global leader in styrenics, are pleased to announce that they are advancing the development of a previously announced 100 tons per day TruStyrenyx™ chemical recycling facility in Channahon, Illinois.
TruStyrenyx is a partnership between Agilyx and Technip Energies and provides an all-in-one solution for the chemical recycling of polystyrene back into a high purity styrene monomer. The styrene monomer can be used to make new, food-grade plastic products or packaging. Under the agreement, Agilyx and Technip Energies will collaborate with INEOS Styrolution and together develop the design and engineering that will serve as the basis for constructing the chemical recycling facility. We anticipate completion of engineering in 2023, which will form the basis for a financial investment decision.
Tim Stedman, CEO of Agilyx, said: “I’m delighted that we are partnering with INEOS Styrolution to continue development of the first large scale TruStyrenyx plant, utilizing some of the private placement funds Agilyx raised in September. We view TruStyrenyx as a game changer in the recycling of polystyrene, enabling an incredibly high purity, circular solution. This new facility will help to meet the growing demand from brand owners and consumers who want to see more recycled plastics in products.”
Greg Fordyce, President of INEOS Styrolution, said: “We are very pleased to announce the advancement of the recycling plant in Channahon, Illinois. This facility will increase polystyrene recycling rates in the greater Chicago area and across the United States and demonstrates our company’s ongoing commitment to sustainability. The TruStyrenyx facility will allow us to provide our customers with recycled content that is incredibly high purity for producing environmentally conscious products using innovative and sustainable solutions.”
Contacts
Agilyx
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
louise.bryant@agilyx.com
For media inquiries:
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
INEOS Styrolution
For media inquiries:
April Ludwikowski
Communications Manager, Americas
INEOS Styrolution America LLC
4245 Meridian Parkway, Suite 151
Aurora, IL 60504, USA
+1 331.212.5757
ABOUT AGILYX
Agilyx ASA 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 or follow us on Linkedin.
ABOUT INEOS STYROLUTION
INEOS Styrolution is the world’s leading styrenics supplier, with a high-performing portfolio of styrene monomer, polystyrene, ABS Standard and styrenic specialty products. With more than 90 years of innovation in materials science, INEOS Styrolution is focused on customer satisfaction with differentiated solutions that provide a competitive edge as well as investments in technology that enable closed loop recyclability for styrenics while reducing our carbon emissions. INEOS Styrolution applications can be found in many everyday products across multiple industries: including automotive, electronics, household, construction, healthcare, packaging, and toys/sports. Operating 16 production sites in nine countries, the company is a wholly owned subsidiary of INEOS Group Limited and employs approximately 3,100 people. Sales were 6.6 billion euros in 2022.
More information: www.ineos-styrolution.com
OSLO, Norway – January 20, 2023 – 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, is pleased to announce that its CEO, Tim Stedman, has been included in the ICIS Top 40 Power Players, a global ranking of senior executives driving the greatest positive impact in the chemical industry.
The ICIS Top 40 Power Players are selected by the global ICIS editorial news team for demonstrating excellence and vision in one or more of the following areas: ESG (environmental, social, governance), innovation, mergers and acquisitions/portfolio management, profitability/shareholder value and projects.
“I’m honored to have been included among such an impressive list of people within the industry” stated Mr. Stedman in regard to his ranking on the list. “The recognition of Agilyx’s accomplishments over the past year by the team at ICIS is very heartening and we look forward to all of the great work that lies ahead as we continue to deliver on our mission to help solve the problem of plastic waste.”
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
About Agilyx
Agilyx ASA 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 or follow us on Linkedin.