PORTSMOUTH, New Hampshire, USA, August 10, 2022 – Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recyclability of plastic from 10% to 90%, has announced that Styropek, the largest expandable styrene (EPS) manufacturer in America and a subsidiary of Alpek, has joined the consortium.
Alpek has committed to grow its long-term usage and sustainable applications for EPS, work on biodegradable alternatives, and increase recycling content in select products to at least 30% by 2030. Having more feedstock available will significantly support Styropek’s EPS projected recycling capacity to achieve its circularity target. Through its expertise in understanding the chemical composition of waste plastic, Cyclyx can deliver ISCC PLUS certified custom feedstock batches with the necessary chemical and physical properties to ensure its recyclability.
“We are pleased to have joined Cyclyx as it will allow us to gain valuable recycled feedstock,” stated Andreas Plettner, CEO of Styropek. “We are confident that Alpek’s target aligns well with Cyclyx’s mission to drive up recycling rates of plastics.”
Styropek’s EPS production is primarily used for long-term industries such as construction due to its thermal insulation properties which allow it to reduce the carbon footprint for homes and buildings. However, for its short-term usage products, the Company continues to establish its role as a leading recycler, now through growth in Expandable Styrenics recycling.
“We are excited to welcome Styropek to Cyclyx,” stated Joe Vaillancourt, CEO of Cyclyx. “Their circularity goals and commitment to developing sustainable applications for EPS align well with our mission to increase the recyclability of plastic from 10% to 90%.”
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 recyclability of plastics 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 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.
About Alpek
Alpek is a leading petrochemical company operating two business segments: “Polyester” (PTA, PET, rPET, and polyester fibers), and “Plastics & Chemicals” (polypropylene, expandable styrenics, and other specialty & industrial chemicals). Alpek is a leading producer of PTA, PET resin and PET sheet worldwide, one of the largest rPET producers in the Americas, the third largest expandable polystyrene manufacturer worldwide, and the only producer of polypropylene in Mexico. In 2021, Alpek reported revenues of U.S. $7.7 billion and Comparable EBITDA of U.S. $962 million. The Company operates 35 plants across the United States, Mexico, Canada, Brazil, Argentina, Chile, Oman, Saudi Arabia, and the United Kingdom, and employs over 7,000 people. Alpek is a publicly traded company listed on the Mexican Stock Exchange.
Media Contact
Melanie Burger
Director, Corporate Communications
mburger@cyclyx.com
PORTSMOUTH, New Hampshire, USA, August 3, 2022 – Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recyclability of plastic from 10% to 90%, has announced the opening of a new plastics testing laboratory location in Portsmouth, New Hampshire, which will serve as an important asset to Cyclyx as it continues to grow and develop its recently announced high volume plastic processing facility in support of its consortium member partners.
The new lab will allow Cyclyx to test and qualify significantly greater quantities and a broader range of qualities of waste plastic. These testing protocols are necessary for gaining ISCC PLUS certification for the various sources of waste plastic but also informs how these plastics are sourced and processed for a wide range of mechanical and advanced recycling applications. The lab and growing database of waste plastics will allow Cyclyx to target plastic too distressed to be successfully recycled and include them in custom blends that will meet customers’ specifications. By qualifying and including more waste plastics in feedstock for its members, Cyclyx will be able to maximize availability and lower the cost of its waste plastic feedstock used for either mechanical or advanced recycling applications.
“The Portsmouth lab will be a vital asset to Cyclyx as we ramp up our production of waste plastic feedstock,” stated Joe Vaillancourt, CEO of Cyclyx. “The more sources of waste plastic that we can identify and qualify for use in our processes, the bigger impact we can have on the recyclability of all waste plastics, and the closer we can come to our mission to help increase that number from 10% to 90%.”
Media Contact
Melanie Burger
Director, Corporate Communications
mburger@cyclyx.com
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 recyclability of plastics 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 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.
OSLO, Norway – July 25, 2022 – Agilyx (Euronext Growth Oslo: AGLX.OL; OTCQX: AGXXF), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, announced today the appointment of Stephen Hamlet to vice president of human resources, effective immediately. Mr. Hamlet joins Agilyx as a people-centric leader who will build and unite the company’s rapidly-growing global team.
With over 20 years of diverse HR leadership and hands-on HR operations experience, Stephen possesses a strong background in developing and leading human resources in manufacturing, technology, and many other industries. In his new role, Mr. Hamlet will lead all HR functions for Agilyx including employee engagement, training and development, diversity and inclusion initiatives, recruitment and day-to-day workforce operations. He holds an MBA with a focus in Human Resources Management from Louisiana State University – Shreveport.
“We are pleased to welcome Stephen to the team,” stated Tim Stedman, CEO of Agilyx. “His entrepreneurial mindset and broad background across industries, particularly in the technology and waste to energy industries, provides him a ready familiarity with what we are trying to accomplish at Agilyx. Stephen brings the unique experience and dedication we need to build a world-class business culture centered around our people.”
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.
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
PORTSMOUTH, New Hampshire, USA, July 11, 2022 – Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recyclability of plastic from 10% to 90%, has announced that Union Pacific Railroad (NYSE: UNP), one of the largest freight railroads in North America, has joined the consortium and Jacqueline Bendon, Vice President – Industrial, Marketing and Sales at Union Pacific will join the executive advisory board (EAB).
As Cyclyx continues to scale its ability to divert more waste plastic from the landfill and into its new member-based supply chain systems for recycling, expertise in circular economy logistics and cost effective transportation solutions is critical. As a leader in supply chain solutions, with extensive rail infrastructure in the Gulf Coast to support the petrochemical industry, Union Pacific is poised to bring logistics insights and solutions to the consortium.
Union Pacific is committed to environmental stewardship and developed a comprehensive environmental, social and governance (ESG) strategy it calls Building a Sustainable Future 2030. Rail is three to four times more fuel efficient than trucks, and moving freight by train instead of truck reduces GHG emissions by up to 75%. As more recycled products move through the circular economy, rail transportation offers the economies of scale to meet the growing demand.
“Union Pacific is thrilled to join the Cyclyx consortium and partner with companies that share our commitment to ESG,” said Bendon. “Through Union Pacific’s vision of Building America by providing safe, reliable and efficient supply chain solutions, we are well positioned to help consortium members achieve the goal of dramatically increasing recycling rates.”
“We’re delighted to welcome Union Pacific to the consortium and Jacqueline to the EAB,” stated Joe Vaillancourt, CEO of Cyclyx. “As our membership grows, so does the demand for customized plastic feedstock that require the development of a supply chain for post-use plastics. We are excited to have Union Pacific join us so we can leverage their expertise and current operations as we develop and optimize our logistics programs to help meet our collective mission to increase the recyclability of plastic from 10% to 90%.”
Media Contact
Melanie Burger
Director, Corporate Communications, Cyclyx
mburger@cyclyx.com
Sheri Uno
Senior Director, Corporate Communications, Union Pacific
srkubota@up.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator 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 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 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.
About Union Pacific
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.
PORTSMOUTH, New Hampshire, USA, June 28, 2022 – Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recyclability of plastic from 10% to 90%, has announced that TenCate Grass, a global group of companies that together lead the way in the synthetic turf world, creating innovative, resilient, durable and sustainable solutions, has joined the consortium.
As the leader in the world of synthetic turf, TenCate Grass strives to make its turf systems fully circular. For years, TenCate Grass has recycled its end-of-life turf into e.g. Ecocept®, a recycled elastic layer in sport fields design. This focus on end-of-life recycling for its products led TenCate Grass to anticipate the recyclability of its turf systems during the design phase. In 2019, TenCate Grass co-founded GBN Artificial Grass Recycling to recycle end-of-life turf in the Netherlands in a circular manner, a concept which it aims to replicate worldwide.
“Joining Cyclyx is just another step in our commitment to continuously improve upon our sustainability practices,” said Joe Fields, Co-CEO, TenCate Grass Americas. “Circular solutions are vital to the turf industry, and advancements in feedstock management through organizations like Cyclyx are rapidly becoming more important as we continue to find ways to replicate our end-of-life turf recycling success globally.”
“We’re excited to welcome TenCate Grass to Cyclyx,” stated Joe Vaillancourt, CEO of Cyclyx. “Their focus on designing for recyclability and ultimately achieving circular pathways for their end-of-life products shows a deep commitment to sustainability. We look forward to working together toward our mission to help increase the recyclability of plastic from 10% to 90%.”
Media Contact
Melanie Burger
Director, Corporate Communications
mburger@cyclyx.com
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 recyclability of plastics 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 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.
About TenCate Grass
TenCate Grass is the world’s leading manufacturer, distributor and installer of synthetic turf solutions for Sports and Landscape applications. Headquarted in the Netherlands with its main manufacturing facilities in the Netherlands, the United States, and the United Arab Emirates, the Company serves customers in more than 40 countries with a suite of well know brands. The Company is fully vertically integrated, which enables it to control the full chain from R&D, through manufacturing, installation, maintenance and now, recycling.. For more information, please visit https://www.tencategrass.com.
PORTSMOUTH, New Hampshire, USA, June 01, 2022 – Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recyclability of plastic from 10% to 90%, has announced the appointment of James Trevathan to the position of Chief Operating Officer, effective immediately. As Cyclyx’s first COO, Mr. Trevathan will lead and scale the company’s growth and business operations.
Mr. Trevathan previously held the position of vice president of feedstock sourcing and supply chain, helping Cyclyx to build out its supply chain and feedstock preprocessing infrastructure while increasing productivity and driving greater reliability and quality from suppliers. Prior to Cyclyx, Mr. Trevathan held positions at ExxonMobil Chemical where he most recently served as global sales and operations manager. Joe Ledbetter, previously vice president of operations for Cyclyx, will take over the role of vice president of feedstock sourcing.
“James has been a valuable asset to the Cyclyx team since he joined us a year ago,” stated Joe Vaillancourt. “With his extensive experience in large-scale and international logistics and operations, James has done a great job in building out and refining the components of our feedstock supply chain. We’re very excited to lean on James’ experience in new ways as he helps us to scale our growth in his new role as COO.”
Mr. Trevathan will be based in Houston, Texas and will continue to report to Joe Vaillancourt, CEO of Cyclyx.
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 recyclability of plastics 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 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.
PORTSMOUTH, New Hampshire, USA, May 12, 2022 – Cyclyx International, a consortium-based post-use plastic innovation company with a mission to help increase the recyclability of plastic from 10% to 90%, announced that Advanced Drainage Systems, Inc. (ADS) (NYSE:WMS) has joined the group.
ADS is a leading manufacturer of plastic stormwater management products, including drainage pipe which can be made with recycled content. Its products are used in the stormwater, sanitary sewer and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture industries. As a consortium member, ADS will gain access to Cyclyx’s unique programs that increase the diversion of post-use plastics. This will enable ADS to increase recycled content in its products from 500 million to one billion pounds annually by 2032.
“Joining Cyclyx supports the sustainability goals recently published in the 2021 Sustainability Report,” stated Scott Barbour, ADS president and CEO, “and will help ADS to expedite our goal of keeping one billion pounds of plastic from landfills and the waste stream. Being part of Cyclyx aligns with our 10-year sustainability goals that highlight our continued commitment to using recycled plastic, reducing the impact of our energy footprint and safeguarding the environment, while helping to manage the world’s most precious resource, water,” Barbour explained.
“We’re excited to welcome ADS to Cyclyx,” stated Joe Vaillancourt, CEO of Cyclyx. “Their ambitious goals for using recycled content in their products and their focus on sustainability align well with everything that Cyclyx is trying to achieve with our mission to help increase the recyclability of plastic from 10% to 90%.”
Media Contact
Melanie Burger
Director, Corporate Communications
mburger@cyclyx.com
Tori Durliat
Director of Marketing – Advanced Drainage Systems, Inc.
tori.durliat@asdpipe.com
419-424-8275
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help increase the recyclability of plastics 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 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.
About Advanced Drainage Systems, Inc.
Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For more than 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of 63 manufacturing plants and 32 distribution centers. To learn more about ADS, please visit the Company’s website at www.adspipe.com.
PORTSMOUTH, New Hampshire, USA, May 10, 2022 – Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that Velcro Companies has joined Cyclyx as the newest member of the consortium.
As the inventor of the original and iconic hook and loop fastener, Velcro Companies is a global leader in the creation and manufacture of innovative fastening solutions known for strength, reliability, durability and versatility. It is committed to sustainable product development and brings ORIGINAL THINKING™ to help solve the real-world challenges that people face every day.
Velcro Companies continues to optimize its sustainable manufacturing processes to reduce the use of natural resources and is in the midst of a transformational journey to use more recycled content and create more sustainable products for its customers.
“As we focus on meeting the current needs of our customers while preserving the planet for future generations, we pledge to incorporate sustainability into everything we do,” said Chitra Ebenezer, Chief Marketing Officer, Velcro Companies. “Joining the Cyclyx consortium strengthens our ability to determine our baseline global plastic material profile and enables more opportunities to participate in customized post-use plastic take-back programs that help supplement our in-house sustainability efforts.”
“We’re excited to welcome Velcro Companies to Cyclyx,” stated Joe Vaillancourt, CEO of Cyclyx. “Their commitment to sustainable manufacturing and diverting solid waste from landfills is in line with everything that Cyclyx is working to achieve. Their membership will be a great addition to our mission to help increase the recycling rate of plastic from 10% to 90%.”
Contacts
Melanie Burger
Director, Corporate Communications
mburger@cyclyx.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recycling rate of plastics 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 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.
About Velcro Companies
Velcro Companies is a technology-driven, global organization providing fastening solutions that solve problems in simple, elegant, and surprising ways for businesses and consumers around the world. With more than 60 years of experience, Velcro Companies are proud of their heritage in innovation. Velcro Companies owns over 400 active patents and numerous trademarks, including the VELCRO® Brand mark, which is registered throughout the world. Velcro Companies offer global resources for world-class solutions, with manufacturing locations in Spain, the United States, Canada, Mexico, Belgium, Uruguay, and China and sales offices around the world. To find out more about our company, visit www.velcro.com.
Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced Sealed Air (NYSE: SEE), has joined the consortium. Dr. Ron Cotterman, vice president of sustainability innovation and strategy at SEE will be joining the group’s executive advisory board (EAB).
SEE is a leading global provider of packaging solutions that protect essential goods transported worldwide, protect food, and enable supply chains to continue operations with increased resiliency. A critical challenge facing the packaging industry is demonstrating the circularity of materials that are complex and difficult to recycle. SEE is investing in circularity including advanced recycling technologies to collect, sort, and recycle packaging materials. It is also advocating for the infrastructure to enable these technologies.
SEE has pledged to advance or design 100% of its solutions to be recyclable or reusable by 2025 and have those solutions contain on average 50% recycled or renewable content. Details about how SEE is developing and adopting new solutions to ensure a circular economy for plastics are included in its Global Impact Report.
SEE will leverage Cyclyx’ customized takeback programs to increase material recovery and other innovations, allowing for higher amounts of recycled content in its products in the future.
“By joining the Cyclyx consortium, we are building on our goals to innovate solutions and create a better circular economy for the essential plastics our society relies on every day,” said Cotterman. “We know this cannot be accomplished alone, and are proud to join this consortium that brings together key stakeholders to collaborate for better circular economy solutions.”
“We are excited to welcome SEE to the Cyclyx consortium and Dr. Cotterman to the EAB,” stated Joe Vaillancourt, CEO of Cyclyx. “SEE’s commitment to advancing a circular economy for plastic and dedication to helping its customers to lower their carbon footprints are in line with the mission of everything that Cyclyx is trying to do. Their membership will be a great addition in our effort to help drive the recycling rate of plastic from 10% to 90%.”
Contacts
Melanie Burger
Cyclyx, Director of Corporate Communications
mburger@cyclyx.com
Christina Griffin
SEE Media Relations
+1 704 430 5742
christina.griffin@sealedair.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recycling rate of plastics 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 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.
About Sealed Air
Sealed Air (NYSE: SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we find it. Our automated packaging solutions systems help promote a safer, more resilient and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.
Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, and SEE™Touchless Automation™ solutions.
SEE’s Operating Model, together with our industry-leading expertise in materials, engineering and technology, create value through more sustainable, automated, and digitally connected packaging solutions.
We are leading the packaging industry in creating a more environmentally, socially, and economically sustainable future and have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are also committed to a diverse workforce and inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.
SEE generated $5.5 billion in sales in 2021 and has approximately 16,500 employees who serve customers in 114 countries/territories. To learn more, visit sealedair.com.
Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that NOVA Chemicals has joined as the newest member of the consortium.
NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier and safer. With a focus on sustainability, NOVA Chemicals works toward polyethylene solutions that enable a more circular economy for plastics. Through its membership in Cyclyx, NOVA Chemicals will continue its work to utilize more post-use plastics in its feedstock supply chain.
“NOVA Chemicals has a bold ambition to create a plastics circular economy and work collaboratively toward a low carbon, zero plastic waste future. Joining the Cyclyx consortium provides us with greater supply reliability, accelerating our ability to meet the demands of consumers for high-quality products made with post-consumer resin,” stated Greg DeKunder, VP Polyethylene Marketing and Circular Economy.
“We’re excited to welcome NOVA Chemicals to the Cyclyx consortium,” stated Joe Vaillancourt, CEO for Cyclyx. “Their dedication to keeping plastics out of our natural environment and redesigning plastic products for optimal recycling or recovery is in line with everything that Cyclyx is working to achieve. Their membership will be a great addition to our mission to help increase the recycling rate of plastic from 10% to 90%.”
Contacts
Melanie Burger
Cyclyx
Director of Corporate Communications
mburger@cyclyx.com
Andie Stiles
NOVA Chemicals
Marketing Communications and Trade PR
Andie.Stiles@novachem.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recycling rate of plastics 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 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.
About NOVA Chemicals Corporation
NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier, easier and safer. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to Sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is wholly owned ultimately by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.
Visit NOVA Chemicals on the Internet at www.novachem.com.
In 2009, Mr. Bhatia led Saffron Hill’s investment into Agilyx’s first institutional investment round and has been an active shareholder since that time and a Board member until his appointment as CEO. While managing Saffron Hill Ventures, he has led its investment activity in a wide variety of companies ranging from bio-pesticides and sustainable textiles to internet e-commerce, and software. He currently serves on the Board of Coyuchi Inc., a California-based leader in the sustainable textiles segment, he is a director of Saffron Hill Ventures Ltd. and is on the Board of Cyclyx International LLC, Agilyx’s plastic waste recycling feedstock management joint venture.
Prior to co-founding Saffron Hill Ventures, Mr. Bhatia worked as Advisor to the Chairman of Loot Ltd. on e-commerce strategy and investment, and in a venture capital capacity for Lord Jacob Rothschild, evaluating technology venture opportunities. Mr. Bhatia has had a long-term interest in environmental technology and policy. After interning in the Clinton administration’s White House Office on Environmental Policy, he worked in the environment and energy consulting groups at Booz-Allen & Hamilton, and Dyncorp.
Mr. Bhatia earned an MBA from UCLA’s Anderson School of Business, an MA in International Relations and Economics from the Johns Hopkins University School of Advanced International Studies (SAIS), and a BA in Environmental Science from Occidental College.
Mr. Laroche joined Agilyx in December 2023 to lead Agilyx’s Corporate Development activities. As Chief Financial Officer and Head of Corporate Development since July 2024, he leads the company’s financial strategy and oversees its corporate growth initiatives. His focus includes advancing the feedstock management business in collaboration with Cyclyx strategic partners and engaging with capital markets to secure sustainable growth.
Mr. Laroche is a seasoned finance leader with a proven track record in investment management, strategic planning, capital raising, and mergers and acquisitions. Before joining Agilyx, he served as CFO of a sustainable building materials startup, where he successfully guided the company through multiple funding rounds. With over a decade of experience at BNP Paribas’s Principal Investment Group in New York, he deployed over $250 million in direct private equity and venture capital transactions across energy, infrastructure, and climate technology.
Mr. Laroche is passionate about sustainable and circular solutions, dedicating his career to advancing projects that promote environmental stewardship and resource efficiency. His expertise in these areas is instrumental in driving Agilyx’s mission to revolutionize recycling and turning waste into value. He holds an MBA from ESSEC Business School.