PORTSMOUTH, New Hampshire, USA, September 16, 2021 – Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, and Sonoco (NYSE: SON), one of the largest diversified global packaging companies, have announced that Sonoco has become a member of the Cyclyx consortium.

Sonoco’s mission is to create sustainable packaging solutions that help build their customers’ brands, enhance the quality of their products and improve the quality of life for people around the world. With this in mind, Sonoco has pledged to recycle, or cause to be recycled, 85% equivalent by weight of the products that they are putting into the marketplace. In addition, Sonoco has pledged to ensure that 75% of its global rigid plastic packaging is capable of making the relevant on-package recyclable claim. By joining Cyclyx, Sonoco will gain access to a range of services that will help it to deliver on these pledges, including design and execution of programs to help facilitate increased collections and recycling rates for difficult post-consumer plastics streams.Sonoco supports its sustainability goals with a commitment to vertical integration and a hands-on recycling infrastructure under its subsidiary, Sonoco Recycling. Operating and continually improving its network of materials recovery facilities (MRFs) and services in the U.S. enables Sonoco Recycling to offer comprehensive end-of-life solutions for post-use plastic. Through its Sonoco Sustainability Solutions (S3) consulting platform, Sonoco Recycling provides businesses with customized waste reduction programs designed to decrease waste materials going to landfills, reduce environmental impacts and increase sustainability efforts. “Joining Cyclyx represents another step forward in our journey to lead the world’s transition to sustainable packaging solutions,” said Elizabeth Rhue, staff vice president of sustainability at Sonoco. “We are pleased to work with Cyclyx to drive increased recycling of previously difficult to recycle plastics.”

“We’re happy to welcome Sonoco to the consortium,” stated Joe Vaillancourt, CEO of Cyclyx. “With their commitment to sustainability and their innovative programs designed to help brands achieve landfill-free status, Sonoco’s membership will help to advance our mission to increase plastic recycling rates from 10% to 90%”

Contacts

Cyclyx
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com

Sonoco
Roger Schrum
VP, Investor Relations & Corporate Affairs
+1 843 339 6018
roger.schrum@sonoco.com

About Cyclyx International, LLC.

Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help 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 Sonoco

Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging. With annual net sales of approximately $5.2 billion, the Company has 19,000 employees working in approximately 300 operations in 34 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company was listed as one of Fortune’s World’s Most Admired Companies for 2021 as well as being included in Barron’s 100 Most Sustainable Companies for the third year in a row. For more information, visit www.sonoco.com.

TIGARD, Oregon, USA – September 13, 2021 – Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the chemical recycling of post-use plastics has been granted a patent continuation for its process of breaking down waste polystyrene into its chemical building block, styrene monomer. The continuation of US patent number 11,041,123 further confirms Agilyx’s depolymerization technology extends to the breaking down of all waste plastic polymers into their respective discrete monomers and is not only limited to polystyrene. This patent demonstrates the versatility of Agilyx’s innovation portfolio while continuing to advance its position as a leader in the depolymerization of waste plastics.

“This patent continuation demonstrates the robustness and versatility of the Agilyx technology, not restricting our claims to polystyrene to styrene monomer; thereby, expanding our patent coverage to depolymerization of polymers back to the monomer level, enabling greater circularity for more plastics,” stated Dr. Chris Faulkner, CTO at Agilyx. “Essentially, our process has not changed. We are using the same technology on the same machinery, though it may be operated in a slightly different way depending on the polymer. The recognition that this technology applies to a broader range of polymers is an exciting advancement in our mission to increase recycling and circularity of post-use plastics.”

Contacts

Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com 

About Agilyx

Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, LLC, and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop recycling solutions for mixed waste plastics. www.agilyx.com.

New executive advisory board members bring valuable sustainability experience to support company’s mission to help increase recycling rate of post-use plastic

PORTSMOUTH, New Hampshire, USA, September 2, 2021 – Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rates of post-use plastic from 10% to 90%, today announced the addition of three new members to its Executive Advisory Board (EAB).

Dr. Ron Abbott is sustainability technology manager at Chevron Phillips Chemical (CPChem). Dr. Abbott is responsible for developing technology required to advance long term global sustainability objectives, which includes leading CPChem’s advanced recycling program.  Prior to assuming this role in 2018, Abbott served as the Planning and Strategy Manager in the Corporate Planning and Development group where he oversaw the strategic planning process for CPChem. 

Ricardo Cuetos is vice president Standard Products Americas at INEOS Styrolution America LLC. Mr. Cuetos brings more than 25 years of experience in the plastics and petrochemical industries across North America, Asia Pacific, and Latin America and is committed to improving and increasing the recovery of post-consumer polystyrene waste.

Dr. Ganesh Nagarajan is the associate director for Polymer Business Development & Projects at LyondellBasell and is responsible for developing circular economy initiatives, strategy and partnerships for North America.  He also represents LyondellBasell at the Alliance to End Plastic Waste as part of the regional task force in North America and Thematic Expert Groups. Nagarajan brings more than 25 years of experience with expertise in sustainability, business management, marketing, sales, product development, mergers and acquisitions and capital projects including international experience in India, Asia, Australia and South America. Prior to his current role he was the managing director for the Polypropylene Compounding Business at Basell Polyolefins India Private Ltd.

“Cyclyx has an ambitious mission of helping to increase the recycling rate of post-use plastic from 10% to 90%,” said Joe Vaillancourt, chief executive officer of Cyclyx. “The knowledge of and commitment to sustainability and building a more circular economy that Ron, Ricardo and Ganesh bring will be crucial in helping us to reach our goals.”

About Cyclyx International, LLC.

Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recycling rate of post-use plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of waste plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation (“Agilyx”), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership . For more information, visit us at www.cyclyx.com.

Contacts:

Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com

TIGARD, Oregon, USA – August 26, 2021 – Agilyx Corporation (Agilyx), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the advanced recycling of post-use plastics, announced today that Carsten Larsen has been appointed chief commercial officer and senior vice president of Business Development for Agilyx, effective September 1, 2021, replacing Bill Cooper who has joined Cyclyx LLC as senior vice president of Strategic Relationships.

Mr. Larsen will be responsible for driving global growth through the acquisition of customers, initiation, and development of projects. He will work with business partners to expand and accelerate the roll out of Agilyx chemical recycling solutions to address the challenge of post-use plastic globally.

Mr. Larsen is an experienced commercial leader with more than 25 years of industrial expertise, most recently having served as commercial director, Plastics Circularity, Europe, Middle East, Africa and Asia Pacific for Dow Inc. where he was responsible for plastic sustainability strategy development and implementation. Mr. Larsen also served as managing director for Dow Nordics, leading cross-functional international teams and managed key external partnerships.

Tim Stedman commented: “I would like to welcome Carsten to Agilyx at this exciting time in our development.  His breadth of knowledge, experience and relationships will be enormously beneficial to the company as we further strengthen our global reach. I would also like to thank Bill as he transitions to Cyclyx. His contributions over the last years have been integral to building Agilyx.”

At Agilyx, Mr. Larsen will join the executive management team, reporting to Tim Stedman, chief executive officer. In this role, he will oversee business development activities for the company as it continues to expand its footprint around the globe. Mr. Larsen will also provide oversight for Agilyx’s sustainability program, working to ensure the company reaches its ambitious sustainability goals in the areas of circular/environment, climate, and society. He will be based in Copenhagen.

Mr. Larsen holds a bachelor’s degree in international business administration from Copenhagen Business School. He has served on the boards of the American Chamber of Commerce in South Africa and the Chemical & Allied Industries’ Association. He has also served as chairman for the Epoxy Industry Association.

About Agilyx

Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, LLC, and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop recycling solutions for mixed waste plastics. www.agilyx.com.

Contacts

Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com

TIGARD, Oregon, USA – August 23, 2021 – Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the advanced recycling of post-use plastics and Kumho Petrochemical, a global leader in the manufacture of synthetic rubber, have announced a collaboration to explore the development and construction of a chemical recycling project in South Korea.

“We’re very interested in recycling of post-use plastics, while focusing on utilizing post-use polystyrene into the pure styrene,” stated Jong-Hoon Baek, CEO of Kumho Petrochemical. “Collaboration with Agilyx will give Kumho Petrochemical an opportunity of proposing new line of eco-SSBR products to most of our customers who prefer sustainable products.”

“We are pleased to partner with Kumho Petrochemical to explore this project and expand the market for post-use recycled polystyrene into new, high growth and technically demanding applications such as this,” stated Tim Stedman, CEO of Agilyx. “The potential to use waste plastic to create high performance SSBR for the manufacture of tires is a very exciting example of our technology’s ability to create a new life for plastic.”

The project will use Agilyx unique and novel chemical recycling technology to produce pure styrene from post-use polystyrene. This would be used as a virgin equivalent raw material to produce solution styrene-butadiene rubber (SSBR), a key component for the manufacture of tires, including for the large volume, high-performance tire segment. The project would mark an exciting new application of Agilyx’s polystyrene depolymerization technology, introducing a new pathway for polystyrene into SSBR.

About Agilyx

Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, LLC, and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop recycling solutions for mixed waste plastics. www.agilyx.com.

About Kumho

Kumho Petrochemical, founded in 1970 and possessing the largest synthetic rubber manufacturing capacity in the world, is doing businesses in various fields, such as synthetic resins, specialty chemicals, nanocarbon, energy, and building materials. The company manufactures synthetic rubber products using butadiene and styrene, etc., as raw materials. Along with synthetic rubber, synthetic resin, which is used in plastics and building materials, is one of the company’s major areas of business. In announcing the new vision of a “Solution Partner Creating Our Common Future With Value Beyond Chemistry” in 2020, the company is focusing on enhancing its competitiveness and creating sustainable value by taking a broad, long-term view of the future.
www.kkpc.com/eng/

Agilyx Contact

Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com

Kumho Contacts

David Jeong
Assistant Manager, Public Affairs Team
+82 10 6348 6385
whjung15@kkpc.com

Lee, Suk Yul
Staff, Public Affairs Team
+82 10 7196 3442
leesy3442@kkpc.com  

PORTSMOUTH, New Hampshire, USA, August 16, 2021 – Cyclyx International, a consortium-based feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, announced that INEOS Styrolution, a global leader in styrenics, has joined the Cyclyx consortium as a founding member. Ricardo Cuetos, vice president, INEOS Styrolution America, will join the Cyclyx executive advisory board.

INEOS Styrolution recently announced its global plastic pledge to move toward a more circular economy for plastic packaging. The company has developed a family of products made from recycled post-consumer plastic waste as well as materials based on renewable feedstock in an effort to fulfil its vision to be recognized as the global leader in sustainable styrenics solutions. These products, marketed under the name INEOS Styrolution ECO, match the performance of the company’s existing producing portfolio while reducing its greenhouse gas footprint and reducing the amount of post-consumer waste going to landfill.

INEOS Styrolution has a strong vision for sustainability aimed at improving and increasing the recovery of post-consumer plastic waste and strengthening innovation for circularity. In his role on the Cyclyx executive advisory board, Mr. Cuetos will actively contribute to innovative advancements in the sustainability and circular economy of plastics. 

As a member of the Cyclyx consortium, INEOS Styrolution will have access to the Cyclyx platform which includes an integrated set of innovations including chemical characterization of plastics and predictive modelling of feedstock sources to product pathways, custom feedstock recipes, and customized supply chains, offering INEOS Styrolution essential tools to accelerate progress on its sustainability goals. These innovations aim to deliver waste plastic feedstock appropriate for all existing and new mechanical and advanced recycling pathways.

“Cyclyx is a leader in the feedstock management and technology space, going far beyond conventional methods for recovering plastic waste. Cyclyx’s extensive knowledge of polystyrene waste sourcing will allow us to reach the necessary feedstock levels required to meet the increasingly high demand we are seeing for recycled polystyrene products. The opportunity to join Cyclyx as a founding member further strengthens our valued partnership and I am looking forward to being a part of the continued innovations that will certainly come from Cycylx.” says, Ricardo Cuetos, vice president, INEOS Styrolution America, Standard Products.

“We are excited to have INEOS Styrolution as a Cyclyx member and welcome Mr. Cuetos to the advisory board,” stated Joe Vaillancourt, CEO of Cyclyx. “INEOS Styrolution’s commitment to a circular economy is undeniable and their expertise in styrenics make them a strong addition to the consortium while reinforcing the commitment of our members to drive post-use plastic recycling rates from 10% to 90%.”

Cyclyx International

Kate Ringier

VP, Communications & Government Affairs

+41 78 822 7770

kate.ringier@agilyx.com

INEOS STYROLUTION

April Ludwikowski

Marketing Communications Manager, Americas
INEOS Styrolution America LLC

4245 Meridian Parkway, Suite 151

Aurora, IL 60504

USA

Phone: +1 331.212.5757

Email: april.ludwikowski@ineos.com

About Cyclyx International, LLC.

Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help 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 INEOS Styrolution

INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries. More information visit www.ineos-styrolution.com . Follow us on Twitter @styrolution.

PORTSMOUTH, New Hampshire, USA, August 12, 2021 – Cyclyx International, a consortium-based feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that LyondellBasell has joined Cyclyx as a founding member. LyondellBasell, one of the world’s largest producers of plastics and chemicals, is a leader in the effort to help advance the circular economy and has pledged to produce and market two million metric tons of recycled and renewable-based polymers annually by 2030.

As a founding member of the consortium, LyondellBasell will join the collaborative efforts of a growing list of companies that are working to foster a more sustainable future for plastics. The company has consistently demonstrated their commitment in this area, leveraging their scale and reach to make a positive impact across the value chain. With multiple investments in recycling technologies and collaborations focused on advancing recycling infrastructure and end markets for recycled products, LyondellBasell’s membership brings valuable knowledge and experience to Cyclyx. In addition, Ganesh Nagarajan, associate director, polymers business development and projects at LyondellBasell will bring his expertise to the executive advisory board.

“As a founding member of Cyclyx, increasing the recycling rate of plastic waste is incredibly important to our sustainability journey,”said Ken Lane, LyondellBasell executive vice president Global Olefins and Polyolefins. “LyondellBasell recognizes the challenges plastic waste brings, and we aim to be a part of the solution through our involvement with Cyclyx, which can help us and our industry achieve our recycling ambitions.”

“We’re very happy to have LyondellBasell join Cyclyx and to welcome Dr. Nagarajan to the executive advisory board,” stated Joe Vaillancourt, CEO of Cyclyx. “Their leadership in advancing the circular economy and experience in utilizing renewable feedstock makes them a valuable participant in our mission to drive plastic recycling rates from 10%-90%.”

Contacts

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

About Cyclyx International, LLC.

Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help 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 LyondellBasell

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to FORTUNE Magazine’s list of the “World’s Most Admired Companies” for the fourth consecutive year. More information about LyondellBasell can be found at www.lyondellbasell.com.

• Flame retardant-laden polystyrene can now be recycled into high purity styrene monomer through Agilyx’s advanced recycling process.
• This technological advancement creates significant new market opportunities and enables recyclability of over 200kt^1,2 of material annually just in Europe with far larger volume potential in North America and Asia.

PORTLAND, Oregon, July 27, 2021 – Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the advanced recycling of post-use plastics, announced today a significant milestone in their collaboration with a strategic technology partner which will allow for the recycling of brominated flame retardant-laden polystyrene into a high purity styrene monomer for direct use in downstream products including PS, EPS, ABS, SBR, SAN and Unsaturated Polyester Resins.

The integrated technologies of Agilyx depolymerization open the pathway for previously unrecycled materials, such as construction foam and insulation, to be put back into use as new materials at a quality level equivalent to those manufactured from any other styrene monomer. These materials can then be used for any application from building materials to food containers.

“This new advancement in our advanced recycling capabilities truly demonstrates the excellence of Agilyx’s collaborations,” said Tim Stedman, chief executive officer of Agilyx. “The ability to recycle flame retardant-laden polystyrene not only allows this contaminated material to be part of a sustainable recycling value chain, but it will open up new markets that were previously closed due to the contamination associated with these materials. This is an exciting step on our mission to making all plastics circular, even those that are most distressed and contaminated.”

1. Conversio, Final Report Waste generation, waste streams and recycling potentials of HBCDcontaining EPS/XPS waste in Europe and forecast model up to 2050, April 2020.
2. Preliminary Information on Manufacturing, Processing, Distribution, Use, and Disposal: Cyclic Aliphatic Bromide Cluster (HBCD), U.S. EPA Office of Chemical Safety and Pollution Prevention 2017.

Contact

Kate Ringier

Vice President, Communications & Government Affairs, Agilyx

Tel: + 41 43 883 0396

Email: kate.ringier@agilyx.com

About Agilyx Corporation

Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, Inc., and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.

TIGARD, Oregon, USA – July 8, 2021 – Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a pioneer in the chemical recycling of post-use plastics, announced today Life Cycle Analysis (LCA) results for its chemical recycling technology. Agilyx participated in the Styrenics Circular Solutions LCA, contributing data for its depolymerization technology.

During the Styrenics Circular Solutions virtual event, ‘Move to Zero. Zero Waste. Zero CO2. Powered by Styrenics,’ LCA findings were unveiled with results indicating that Agilyx’ depolymerization technology saves approximately 75% of CO2-emissions in comparison to the production of polystyrene from virgin raw materials and incineration.

The SCS LCA focused on closed loop recycling routes back to food contact quality, analyzing food-quality polystyrene recycling options. Results from the study indicated that depolymerization is the most efficient process to recycle polystyrene into truly circular food quality products. Furthermore, depolymerization is the shortest recycling process in comparison to mechanical recycling and dissolution to achieve virgin food grade quality, enabling a fully circular process.

“At Agilyx, we want to accelerate the capture of post use plastics to put them to their best use,” said Tim Stedman, chief executive officer. “Our chemical recycling technology delivers a waste-to-value option for post-use plastics to get them back into the circular economy. These exciting results show the beneficial role that depolymerization can play in the recycling chain, where chemical recycling and other technologies can enable the circularity of plastics.”

This LCA study of polystyrene was performed by the leading research institute Neue Materialien Bayreuth (NMB), based in Germany. The methodology used by NMB followed the relevant international standards ISO 14040 / ISO 14044 and will be peer-reviewed.

Contact

Kate Ringier

Vice President, Communications & Government Affairs

Tel: +41 788-227-770

Email: kate.ringier@agilyx.com

About Agilyx

Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, LLC, and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop recycling solutions for mixed waste plastics. www.agilyx.com.

PORTSMOUTH, New Hampshire, USA, July 6, 2021 – Cyclyx International, a consortium-based feedstock management company with a mission to help increase the recycling rates of post-use plastic from 10% to 90%, announced today that Chevron Phillips Chemical (CPChem) has joined Cyclyx as a founding member.

CPChem is a leading chemical company and at the forefront of cultivating a circular economy for plastics. The company has announced plans for an annual production volume of 1 billion pounds of its ISCC PLUS certified Marlex® Anew™ Circular Polyethylene by 2030. 

CPChem will actively contribute to Cyclyx’s ongoing efforts to build and enhance its programs by having Dr. Ron Abbott, CPChem’s sustainability technology manager, serve on the Cyclyx executive advisory board.

“I am impressed with the approach Cyclyx has initiated to increase recycling rates of plastic, and I look forward to collaborating with this expert executive advisory board,” said Abbott. “CPChem is working to create sustainable solutions, and we believe joining Cyclyx as a founding member will expand our capacity to produce and deliver certified circular products for years to come.”

As a founding member of the consortium, CPChem joins a growing list of of companies helping to foster a more sustainable future for plastics. Cyclyx provides third-party audited, circular, end-of-life pathways for post-use plastic throughout the value-chain and combines technical expertise with leading-edge technology and data analytics to help to increase plastic recycling rates. Members of Cyclyx enjoy access to innovative tools like chemical characterization of plastics and predictive modelling of feedstock sources to product pathways, custom feedstock recipes, and customized supply chains, which are designed to elevate a more circular economy for plastics.

“We couldn’t be happier to have CPChem join Cyclyx as a founding member and to welcome Dr. Abbott to the executive advisory board,” stated Joe Vaillancourt, CEO of Cyclyx. “As a company committed to advancing solutions for a sustainable future, CPChem is a valuable participant in our mission to help increase plastic recycling rates from 10% to 90%.”

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

Chevron Phillips Chemical
Ryan Draper
832-813-4381
draper@cpchem.com   

About Chevron Phillips Chemical
Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own more than $17 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical is equally owned indirectly by Chevron U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter: @chevronphillips.

“Chevron Phillips Chemical” or “CPChem” may refer to one or more Chevron Phillips Chemical’s subsidiaries or affiliates or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help 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.