Our advanced recycling technology
Styrenyx
Advanced recycling technology that uses catalyst-free depolymerization to recycle polystyrene waste back to its virgin-equivalent building blocks for reuse in new, high-quality products.
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 revealing that Styrenyx:
Cuts CO₂ emissions by 38% using grid electricity
Lowers emissions by 86% when
powered by wind energy
Could remove the equivalent of 325,000 gasoline cars from the road annually if applied to just 10% of global styrene production
Built for versatility Styrenyx is used in commercial-scale technology platforms to redirect plastic waste from the landfill and back into use. Unlike other technologies, Styrenyx’s reactor does not use a catalyst. This means we are able to process 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, displacing 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 in making 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.
OSLO, Norway – October 24, 2022 – 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 changes to its board, including the appointment of two new directors: Jan Secher and Martha Crawford, whose combination of chemical and waste industry, public company, regulatory and ESG executive experience will be a strong addition to the current board. Peter Norris will step down as Board Chair but will remain on the Board. These changes took effect 21 October 2022, following the company’s extraordinary general meeting (EGM).
Jan Sacher, who has been elected as Chair of the Board of Directors, brings deep chemical industry executive experience and served as CEO of Swedish specialty chemical company Perstorp Group before recently selling it to Petronas. He also has significant public company experience, having served as the CEO of Clariant (SWX: CLN), and as a current board member of Elekta AB (Nasdaq Stockholm: EKTA B). Mr. Secher held a variety of senior executive roles at ABB including membership on its Executive Committee. He is currently a Board Director of the European Chemical Industry Council. Mr. Secher holds a M.Sc. in Industrial Marketing, Finance from Linkoping University.
Martha Crawford brings extensive executive experience in the chemicals, engineering and consumer goods industries. During her 25-year career, she has led R&D and product development as Chief Technology Officer for large multinationals (Air Liquide, Orano, L’Oreal), and has served on the board of public companies in engineering design and environmental services (Altran/CapGemini, Suez). Crawford also brings deep expertise in environmental regulation, having served as Principal Administrator of the OECD´s Environmental Performance and Information Division. Crawford is presently an Operating Partner with Macquarie Infrastructure and Real Assets (a global leading private equity fund focused on environmental infrastructure) in New York, helping grow the group’s portfolio of waste management assets in the USA. Dr. Crawford holds a PhD and MS in Chemical and Environmental Engineering from Harvard University, an MBA from the French College des Ingenieurs, and an Executive Certificate in Private Equity and Venture Capital from Colombia Business School in New York.
The new board members and Peter Norris have all been elected for a two-year term that expires at the annual general meeting in 2024. The Agilyx Board of Directors now consists of Jan Secher (Chair), Ranjeet Gill Bhatia, Carolyn Sarah Clarke, Catherine Clinton Keenan, Martha Crawford, Steen Jacobsen and Peter Norris.
“I would like to extend my thanks to Peter both on my own behalf as well as on behalf of the wider Company for his leadership and guidance as Chairman of the Board and am very pleased that he will remain on the Board at the same time as we welcome both Jan and Martha,” said Tim Stedman, CEO. “Jan and Martha are outstanding additions to our Board at a time of strong fundamentals for growth as exemplified with recent announcements such as the Cyclyx Circularity Center in Houston and the launch of TruStyrenyx.”
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.
- Facility will sort and process a wide range of plastic waste designed to produce 150,000 metric tons of feedstock per year for mechanical and advanced recycling
- ExxonMobil and LyondellBasell plan to invest an estimated $100 million in the facility with start-up expected in 2024
PORTSMOUTH, New Hampshire, USA, October 18, 2022 – Cyclyx International, ExxonMobil and LyondellBasell today announced they have signed an agreement to advance development of a first-of-its-kind plastic waste sorting and processing facility in the Houston area. The new facility addresses a critical missing link in the plastic waste supply chain by connecting community recycling programs to new and more advanced recycling technologies that have the potential to take a much wider variety of plastic materials.
The Cyclyx Circularity Center will be unique among plastic recovery facilities, producing feedstock for both mechanical and advanced recycling. The center will leverage new technologies to analyze plastics based on their composition and sort them according to customer specifications for their highest and best reuse.
The circularity center will be located in the Greater Houston area, with commercial start-up expected in 2024. The facility will be designed to produce 150,000 metric tons or 330 million pounds of plastic feedstock per year, supplying ExxonMobil and LyondellBasell advanced recycling projects as well as mechanical recycling markets. Total investment for the first circularity center is estimated to be $100 million, contingent upon a final investment decision in early 2023.
“To help increase the overall U.S. recycling rate and meet growing customer demand for circular products, more investment is needed by governments and industry to collect and sort waste,” said Dave Andrew, vice president of new market development at ExxonMobil. “With this new facility, we are making a substantial investment in plastic waste sorting infrastructure to accelerate our advanced recycling efforts in Baytown and along the Gulf Coast.”
“We are growing our global recycling capacity and actively pursuing opportunities to help capture more plastic waste from landfills in order to make it suitable for recycling,” said Yvonne van der Laan, executive vice president of circular and low-carbon solutions at LyondellBasell. “This agreement is a perfect example of how collaboration across the value chain can help close the gaps to make a circular economy possible, such as access to plastic waste feedstock.”
“This project serves as proof of how significant the need is for custom blended plastics feedstock,” stated Joe Vaillancourt, CEO of Cyclyx. “With our capability to accept and process a wide range of waste plastics based on their chemistry profile which we custom blend to the needs of our customers, we are creating a new set of recycling options for difficult-to-recycle waste plastics that today are sent to landfill. Our circularity centers will allow us to make available a much larger amount of waste plastic into usable feedstock than has been possible with the current recycling infrastructure. Additional circularity centers are under consideration on the Gulf Coast and other locations.”
Cyclyx, ExxonMobil and LyondellBasell are members of the Houston Recycling Collaboration whose mission is to help the City of Houston significantly increase plastic recycling rates, leveraging new technologies and infrastructure, such as this Cyclyx facility, to recycle nearly all plastics.
As of September 2022, ExxonMobil has processed more than 6,700 metric tons (nearly 15 million pounds) of plastic waste at its Baytown facility, recycling materials that may have otherwise gone to landfill or incineration. When the facility’s expansion is complete later this year, it will be among North America’s largest advanced recycling facilities, with an annual capacity to recycle 30,000 metric tons of plastic waste. Leveraging ExxonMobil’s existing manufacturing assets, plans are underway to build up to 500,000 metric tons (1 billion pounds) of annual advanced recycling capacity by year-end 2026 across multiple sites globally.
LyondellBasell has a goal to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030. To deliver on this ambition, the company recently announced a new organizational structure including a Circular and Low-Carbon Solutions business segment and is strategically investing along the value chain.
Cyclyx has a goal of processing more than 650,000 metric tons of waste plastic per year by 2026. Consistent with this goal, Cyclyx is focused on its mission to help increase the plastics recycling rate from 10 to 90% by getting the right feed to the right technology, creating a new supply chain for waste plastic, and diverting post-use plastic from landfill.
Media Contacts
Cyclyx
Melanie Burger
Director, Corporate Communications
mburger@cyclyx.com
ExxonMobil
(972) 940-6007
LyondellBasell
mediarelations@lyb.com
+1 (713) 309-7575
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic innovation 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 plastic recycling rate from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of post-use 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, 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.
Follow us on LinkedIn.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. The corporation’s primary businesses – Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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About LyondellBasell
As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated and most valued company in our industry. The company’s products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce. The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine’s “World’s Most Admired Companies” for the fifth consecutive year. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
Forward-Looking Statement for LyondellBasell
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially from the projections, anticipated results, or other expectations expressed in this release, including, but not limited to, the final investment decision related to the proposed facilities; the successful construction and operation of the facilities described in this release; the ability to obtain all necessary regulatory approvals; our ability to meet our sustainability goals, including the ability to increase production of recycled and renewable-based polymers to meet our targets and forecasts; and general economic conditions in geographic regions or markets served by LyondellBasell and its affiliates, or where operations of the company and its affiliates are located. While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that anticipated future results will be achieved. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2021, which can be found at www.lyondellbasell.com on the Investor Relations page. LyondellBasell assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made, whether as a result of new information, future events, or otherwise.
OSLO, Norway – October 13, 2022 – 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 Louise Bryant will be joining the business as senior vice president of investor relations and sustainability, effective 1 November 2022. In her new role, Louise will be responsible for expanding the organization’s investor relations strategy and driving its sustainability initiatives.
Louise brings a wealth of investor relations experience to Agilyx, most notably serving as director of corporate affairs at Aggreko PLC, a FTSE 250 publicly traded company, where she built the investor relations program from the ground up and led the creation and development of the Group’s sustainability strategy during her eight-year tenure. Previous roles also include investor relations and communications at Costain Group and Thomas Cook Group, both publicly traded companies, and equity research analyst at Citi. Louise started her career with PwC where she qualified as a chartered accountant.
“We are pleased to welcome Louise to Agilyx,” stated Tim Stedman, CEO of Agilyx. “Her strong professional background working with investors and analysts, combined with her enthusiasm for taking on the global plastic crisis, will make Louise a vital member of the team as we work together to usher Agilyx into its next phase of growth.”
Louise will be based in the UK.
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.
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
Public support for recycling is nearly universal, yet today the U.S. is recycling less than it did in 2018. Only six percent of all plastic was recycled last year. This comes despite widespread attention on the vast amount of waste plastic that ends up in landfills and the ocean, harming wildlife and the environment.
The decline in plastic recycling makes no sense given widespread support but is easily explained: the recycling infrastructure in the U.S. is broken. If we want to recycle more and waste less, the country needs a completely new system to get the job done.
Adding to the challenge: consumers are not well informed about what plastics can and cannot be recycled, what steps to take to recycle, and where to do so. We need education, awareness and convenient support systems to help households and communities make more plastic recycling possible.
Another issue with our current recycling system is access and investment. Recycling is a service that competes with local government funds for education, health and housing.
Recently, the U.S. EPA announced $375 million for recycling, reuse and waste prevention programs. That is a major down payment, but it will take years and many billions of new infrastructure investment dollars to change the system to have the desired impact.
The good news is there are technologies to recycle nearly all plastics. Leveraging traditional methods, such as mechanical recycling, and newer technologies, known as chemical recycling, there is almost no plastic we cannot recycle. This includes the hard-to-recycle plastic that currently ends up in landfills.
But before we get to the recycling process, we need to change how we manage the stream of plastic waste, so that plastic waste can be used as feedstock, or source material, for the production of new virgin-equivalent plastics.
Today, the recycling systems for plastic is not adequate to increase the recycling options for low grade plastics. As a result, most plastic waste never has a chance of being recycled, and thus industry continues to make new virgin materials for the manufacture of plastics.
What’s missing is a system that diverts all plastic waste from landfills and a means to sort and identify the various recycling options and outlets where the plastic waste can be channeled.
Without this, our collective recycling efforts are more feel-good efforts than effective, and we will never be able to significantly increase the recyclability of plastic waste. If managed properly, plastic waste can be a meaningful resource for our industrial economy with positive impacts to our environment.
Cyclyx, the company I am proud to lead, has developed a real-world solution. We have combined technical know-how, new supply chains, the design and development of new and unique processing facilities and a consortium-based business model to bring real change to the plastic recycling industry.
To fill the missing link in the system, Cyclyx is partnering with many companies across a broad set of industries and communities to access and capture all kinds of plastic waste, much of which is currently deemed non-recyclable. From there, we combine the power of our plastic characterization data, predictive modeling and unique recipe compounding to understand the composition of the plastic waste streams and identify the appropriate recycling outlet.
The access to plastic waste our consortium provides, combined with our innovative capabilities to analyze large volumes of plastic waste, allows us to divert more waste from landfills and into their best use, bridging the gap between recycling and waste management efforts – and bringing us one step closer to closing the loop on recycling and transforming plastic waste into an impactful resource.
Our goal is to recycle 90 percent of waste plastics. We recently launched an exciting effort, 10 to 90®, a series of new take-back, education and engagement programs designed to divert more low-quality plastic waste from landfills into our system, where they can be recycled and turned back into valuable products.
10 to 90 will be rolled out in collaboration with cities, retail establishments, corporations and universities in an effort to improve access and increase the recycling rate at the community level. If we can accelerate plastic recycling at the local level, we can raise recycling rates at the global level, improving the environment for all.
We can’t wait any longer for today’s outdated infrastructure to catch up. Scalable solutions like ours will enable change toward ending the global plastic waste crisis.
Authored by
Joe Vaillancourt, CEO Cyclyx
Joe Vaillancourt is the Chief Executive Officer at Cyclyx. Mr. Vaillancourt has more than 25 years of operational, financial, and strategic experience in industrial, environmental and energy innovation and infrastructure development. Prior to this role, Mr. Vaillancourt served as the CEO and Director of Agilyx since 15 March 2017.
Oslo, [September 16, 2022] – 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, today has its first day of trading on the main board of Euronext Oslo Børs, following an uplisting from Euronext Growth Oslo. The Agilyx shares trade under the ticker “AGLX” on Oslo Børs and on the US marketplace OTCQX under the ticker “AGXXF”.
“The uplisting is an important milestone for Agilyx, almost exactly two years since we first went public on Euronext Growth in Oslo. Taking the step up to a regulated market is not only a confirmation of the quality of our business model, technology, and internal processes, it is also the result of successful operational and commercial development. Following years of relentless focus on business development and fostering of technology partnerships we now step into a phase of rapid growth in activity and revenue. Our pipeline of projects is growing fast, and we see a clear path towards our revenue goal of USD 200-300 million by 2025/2026,” said CEO of Agilyx Tim Stedman.
A leader in chemical recycling, Agilyx technology gives post-use plastic a new, circular life by converting this valuable material back into its original building blocks for reuse. By enabling plastic circularity on a global and commercial scale, Agilyx plays a vital role in accelerating the shift to a low-carbon economy.
With Agilyx’s chemical recycling technology and intelligent feedstock management system via Cyclyx, mixed plastic waste can be converted to new virgin equivalent plastics – creating the opportunity for true circularity.
Contact:
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.
TruStyrenyx™: All-in-one technology platform for the advanced recycling of polystyrene
Download Brochure
A first of its kind solution
The solution deploys Styrenyx depolymerization technology via pyrolysis with Technip Energies’ purification expertise, yielding a recycled styrene monomer of exceptionally high purity.
What makes TruStyrenyx unique?
Combining Styrenyx™ depolymerization and Technip Energies’ purification technologies
Converting waste polymer to highly purified styrene monomer
Removing flame retardants
Learn more about the only fully integrated advanced recycling solution for polystyrene waste on the market today
Download BrochureTechnip Energies and Agilyx announced today the launch of the TruStyrenyx™ brand, the only all-in-one solution for the chemical recycling of polystyrene. TruStyrenyx™ combines Agilyx’s pyrolysis process and Technip Energies purification technology, yielding a recycled styrene monomer with exceptional high purity. Styrene monomer is used to make numerous plastics and other polymers. It is one of the three primary components of ABS (acrylonitrile-butadiene-styrene), can make the pure polymer polystyrene, and is an ingredient in various synthetic rubbers.
This launch follows successful results from pilot plant testing conducted on difficult to recycle waste polystyrene, including flame retardant laden waste polystyrene. Recycled styrene monomer from the pilot plant meets American Society for Testing and Materials (ASTM) standards(1) for styrene monomer and is greater than 99.8 wt% purity. Flame retardants contain halogens, which are known to be difficult impurities for current polymer production processes. The pilot plant has successfully shown that the resulting halogen concentration in the styrene monomer product is below available detection limits(2).
Technip Energies and Agilyx announced their partnership in June 2021, leveraging Agilyx conversion technology and Technip Energies purification process.
Bhaskar Patel, SVP of Sustainable Fuels, Chemicals and Circularity at Technip Energies, said: “We are pleased with the results of our pilot plant testing in our R&D facility in Weymouth, Massachusetts. This marks an important step in our development of circular solutions for styrenics technologies, and our relationship with Agilyx. Our joint innovative solution, TruStyrenyx™, for the chemical recycling of polystyrene offers potential clients a feasible way to make polymer products from recycled sources without compromising product integrity.”
Chris Faulkner, Ph.D, Chief Technology Officer at Agilyx, said: “This technology collaboration is completely new to the marketplace, offering an all-in-one solution for the chemical recycling of Polystyrene. The high purity of the recycled styrene monomer from testing proves that TruStyrenyx™ offers a recycling solution on par with virgin materials.”
(1) ASTM standards are used and accepted worldwide and cover many industries.
(2) By ASTM D7359 testing method.
Contacts
Technip Energies
Annette Morgan
Head of Marketing & Communications
Sustainable Fuels, Chemicals & Circularity
Tel: +1 281-249-2475
Email: annette.morgan@technipenergies.com
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.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.