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.
- Company reaches 16,000 commercial operating hours, marking 4,400 tons of plastic waste converted
- As a pioneer in advanced recycling with the first ever commercial scale closed loop facility of its kind, Agilyx has diverted the equivalent weight of 20 Statues of Liberty from landfill
TIGARD, Oregon, USA – July 1, 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 that it has surpassed 16,000 hours of commercial operations at its certified chemical recycling operations in Oregon. This has been achieved both using mixed waste plastic, when the unit was formerly 100% owned by Agilyx, and with polystyrene, which is the current mode of operation in Tigard, Oregon with the unit now forming part of the Regenyx JV with AmSty. In its 16,000 hours of operations, Agilyx has converted over 4,400 tons or 8.9 million lbs of mixed waste plastic and polystyrene waste. Both the mixed waste plastic and the polystyrene waste has been sourced directly by Agilyx utilizing the feedstock management program that has since been incorporated into the Cyclyx Joint Venture.
This significant operating milestone equates to the weight of around 20 Statues of Liberty being diverted from landfills and oceans, reaffirming Agilyx’s mission to be a part of the solution to end plastic waste. “We are very proud of our team and our company for reaching this milestone,” said Tim Stedman, chief executive officer of Agilyx. “This is proof-positive that the model for plastic circularity is not only valid but achievable. Ongoing projects with our various partner companies will soon demonstrate that it is also highly scalable which will help us in our commitment to solve the problem of plastic waste.”
Contacts
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.
Keenan brings strong focus on sustainability, ESG and government affairs to help drive the company’s mission
PORTSMOUTH, New Hampshire, USA, June 28, 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 the addition of Catherine Keenan to its Executive Advisory Board (EAB).
Ms. Keenan has deep experience in strategy development, government and public affairs, sustainability, crisis management, stakeholder engagement, branding and reputation management and is the founder and principal of Catherine C. Keenan LLC, a consulting firm that guides organizations in building programs for sustainability and corporate responsibility.
Ms. Keenan served as Vice President, Public Affairs, Sustainability and Environment Health and Safety at Trinseo S.A., a global materials company, from 2010 to 2020. She began her career at The Dow Chemical Company and held a series of leadership roles with responsibilities including Mergers and Acquisitions integration, industry affairs, public policy issues management, media relations and marketing communications. Ms. Keenan also serves on the board of directors for Agilyx Corporation, where she chairs the ESG committee and was instrumental in the company’s preparation for listing on the Oslo Bors Merkur Market (now EuroNext Growth) in 2020.
“Ms. Keenan’s commitment to sustainability and the relationships she’s built throughout the chemicals and plastics industry make her a valuable addition to the EAB,” stated Joe Vaillancourt, CEO of Cyclyx. “I look forward to gaining her expertise on the board as we pursue our mission of increasing recycling rates from 10% to 90%.”
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.
Contacts
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
PARIS, France and OSLO, Norway – June 3, 2021 – Technip Energies announced today the initiation of an agreement with Agilyx Corporation (“Agilyx”), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): (“AGLX”), and pioneer in the advanced recycling of post-use plastics. This collaboration aims to accelerate the implementation of Agilyx’s technology for the advanced recycling of post-use polystyrene. Under this agreement, Technip Energies will market and license the integrated technologies of Agilyx depolymerization and Technip Energies purification technology, leveraging the expertise, resources, and global presence of respective companies.
Both companies bring strong, specialized experience to this offering: Agilyx contributes its deep experience in chemical recycling of post-use plastics, while Technip Energies has extensive experience in scaling-up technology which will increase the plastic recovery.
Stan Knez, Chief Technology Officer of Technip Energies, stated “We are delighted to scale-up this sustainable process to market with Agilyx, providing a reliable circular economy technology for a major plastic used widely throughout the world.”
Tim Stedman, CEO of Agilyx, said: “We’re excited to be working with Technip Energies. This partnership further accelerates the deployment of polystyrene circularity in the market, broadening polystyrene recyclability.”
Agilyx’s proprietary advanced recycling technology converts post-use plastics back into their original chemical components such that they can be used to produce high-quality products that can be recycled indefinitely, without degradation.
Contacts
Annette Morgan
Senior Communications Manager, Technip Energies Process Technology
Tel: +1 281-249-2475
Email: annette.morgan@technipenergies.com
Kate Ringier
Vice President, Communications & Government Affairs, Agilyx
Tel: +41 788-227-770
Email: 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”) trading over-the-counter in the United States. For further information: www.technipenergies.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.
PORTSMOUTH, New Hampshire, USA, May 21, 2021 – Cyclyx International, a consortium-based feedstock management company with a mission to help increase the recycling rate of post-use plastic from 10% to 90%, announced today that North American Plastics, a family of leading brands in plastics distribution, has become a member of the Cyclyx consortium.
As a member of the consortium, North American Plastics joins an impressive group of companies that are leading the way in building a more sustainable future for plastics. Member companies have access to Cyclyx’s services that provide plastic users throughout the value-chain with third-party audited, circular, end of life pathways for their products through innovations including chemical characterization of plastics and predictive modelling of feedstock sources to product pathways, custom feedstock recipes, and customized supply chains. These innovations and North American Plastics’ commitment to help drive more plastics being recovered at end of use is an exciting combination.
“Working together with Cyclyx allows NAP to further its already industry-leading recycling initiatives,” stated Tim Bolton, vice president of sales at North American Plastics. “We could not be happier to be a partner within this consortium. We look forward to being stewards for both our customers and suppliers with the goal of enhanced repurposement of resin-based substrates.”
“We’re thrilled to have North American Plastics as a Cyclyx member,” stated Joe Vaillancourt, CEO of Cyclyx. “Their collection of brands represent the largest geographic footprint of plastics distribution in the plastics industry today which can be leveraged to increase global plastic recycling. North American Plastics’ membership exemplifies the vital collaborations required to drive post-use plastic recycling from 10% to 90%.”
Contacts:
Cyclyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
North American Plastics
Kim Imes
Director of Marketing
kimes@northamericanplastics.com
About North American Plastics
North American Plastics, a collection of the industry’s top leading brands in plastics distribution, is comprised of 120+ locations across North America and offers the largest geographic footprint in the plastics industry today. With each of the 20 brands operating independently, they offer a wide range of value-added services, product lines from the most trusted manufacturers in the industry, and localized customer service.
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 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.
New executive board members bring valuable sustainability experience to help drive company’s mission to increase recyclability of post-use plastic
PORTSMOUTH, New Hampshire, USA, May 12, 2021 – Cyclyx International, a consortium-based feedstock management company with a mission to increase the recyclability of plastic from 10% to 90%, today announced the addition of three new members to its Executive Advisory Board (EAB).
Suzanne Shelton is president and CEO of Shelton Group, the nation’s leading marketing strategy and communications agency focused exclusively in the sustainability arena. Ms. Shelton leads the Shelton Group in creating a market advantage for organizations that are working to create a sustainable, responsible future.
Geoffrey Inch is the circular economy and sustainability director, North America at Cyclyx founding member company, Braskem. Mr. Inch is responsible for Braskem’s sustainable development strategy and performance in North America and leads the development of the company’s recycled products portfolio.
Juan Becerra is VP and managing director GE licensing at General Electric. Mr. Becerra has extensive experience in business development and innovative technology in clean energy. He is currently responsible for the monetization of GE’s intellectual property and business capabilities in software across GE.
“Cyclyx has an ambitious mission of increasing the recyclability of plastic from 10% to 90%, transforming it into a renewable resource,” said Joe Vaillancourt, chief executive officer of Cyclyx. “The knowledge of and commitment to sustainability and building a circular economy that Geoffrey, Suzanne, and Juan bring will be crucial in helping us to reach our goals.”
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 increase the recyclability of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of waste plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation (“Agilyx”), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership . For more information, visit us at www.cyclyx.com.
- This is the company’s inaugural annual report
- The report highlights corporate activities and results, as well as sustainability highlights
OSLO, Norway – April 22, 2021 – Agilyx AS (Euronext Growth (Oslo): “AGLX”), a pioneer in the advanced recycling of post-use plastics, today announced that it has released its annual report for the fiscal year ending on December 31, 2020.
Consolidated group revenues in 2020 totaled USD 4.3 million, with a gross margin of USD 1.9 million and a loss from operations of USD 6.7 million. On the consolidated group balance sheet at year end, cash and cash equivalents totaled USD 38.9 million and notes payable totaled USD 2.9 million. In addition to financial results, the integrated report details the company’s goals and commitment to sustainability, responsible business practices, the environment, and social responsibility.
Agilyx has been publicly traded on the Euronext Growth exchange in Oslo since September 2020. Integrating the company’s financial results with its sustainability and environment/social/governance (ESG) goals and reporting underscores the company’s belief that sustainability is a key metric to Agilyx’s overall success.
The 2020 report introduces the science and solutions of chemical recycling, an emerging global industry.
“Sustainability is at the core of everything we do, and our commitment to circularity is fully integrated into our business,” Tim Stedman, chief executive officer of Agilyx stated. “This is why we are particularly proud to e-publish our first-ever integrated annual report. It has been less than a year since we publicly listed our shares, during which time we have made excellent progress in enhancing our governance and our commitment to sustainability, as evidenced by new sustainability goals that both reflect our core business priorities and are aligned with the United Nations Sustainable Development Goals.”
The full report is available on the investor relations section of the Agilyx website at agilyx.com/investors.
Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
About Agilyx
Agilyx (AGLX), is an early leader in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology, mixed plastic waste 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 working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.
PORTSMOUTH, New Hampshire, USA – April 21, 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 the launch of its new corporate website featuring updated branding, an enhanced user experience, intuitive navigation and improved access to information about the company and its mission.
Designed with usability in mind, the new website offers users easy access to a range of expanded content in the areas of advanced recycling technology, sustainability, and investor relations. Visitors to the new site will benefit from a streamlined navigation and an expanded investor section offering up-to-date information on share price, company news, a financial calendar, and the ability to download past reports or sign up for investor alerts.
Included in Agilyx’s new website is an upgraded section for Cyclyx, the consortium-based feedstock management company with a mission to increase the recyclability of plastic from 10% to 90%. The Cyclyx area of the website provides valuable information about the company and its mission.
“Our new website reflects who we are and where we are headed,” Tim Stedman, chief executive officer of Agilyx stated. “Our commitment to sustainability and circularity is at the center of everything we do, as is our dedication to transparency in governance. The new site has been designed with these pillars in mind and offers our visitors an authentic introduction to Agilyx in an easy-to-use format.”
Agilyx’s new website will be updated regularly with news and events, new partnership announcements, investor and financial information, and corporate milestones. For more information visit www.agilyx.com.
Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
About Agilyx
Agilyx (AGLX), is an early leader in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology, mixed plastic waste 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 working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.
PORTSMOUTH, New Hampshire and PHILADELPHIA, Pennsylvania, April 20, 2021 – Cyclyx International, a consortium-based feedstock management company with a mission to increase the recyclability of plastic from 10% to 90%, and Braskem, (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announce today that Braskem has joined Cyclyx as a member and has appointed Geoffrey Inch, Braskem’s Sustainability and Circular Economy Director, to the Cyclyx Executive Advisory Board.
As a member of the Cyclyx consortium, Braskem 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. These innovations aim to deliver waste plastic feedstock appropriate for all existing and new mechanical and advanced recycling pathways.
“We are excited to welcome Braskem as a founding member of Cyclyx and to add Geoffrey Inch to our advisory board,” said Joe Vaillancourt, chief executive officer at Cyclyx. “Braskem’s extensive experience in the biopolymer industry along with their commitment to eliminating plastic waste within a carbon neutral circular economy makes them a valuable member of our consortium, and reinforces the commitment of our membership to drive post-use plastic recycling rates from 10% to 90%.”
“As the North American leader in polypropylene, Braskem is thrilled to be a founding member of Cyclyx,” says Geoffrey Inch, Sustainability and Circular Economy Director at Braskem. “Braskem has a long history in the use of sustainable feedstock and is committed to working collaboratively to increase the circularity of plastics. We believe Cyclyx addresses some of the key challenges that will allow advanced recycling to scale, which is an important step in the development of certified circular polypropylene for our clients.”
Braskem is strongly committed to a world where nothing is wasted and everything is transformed. Recently, Braskem announced its new commitment to a Carbon Neutral Circular Economy, with clearly stated targets for growing the company’s I’m green™ recycled products portfolio to sales of 300,000 tons by 2025 and 1 million tons by 2030. In 2020, Braskem became a founding member and funding partner of the Polypropylene Recycling Coalition, an initiative of The Recycling Partnership, to increase U.S. curbside recycling access for polypropylene and ensure PP is widely recovered and reused. Braskem is also a founding member of the Alliance to End Plastic Waste.
To learn more about Braskem’s commitment to a carbon neutral circular economy visit: https://www.braskem.com/usa/news-detail/braskem-affirms-commitment-to-circular-economy-and-to-achieve-carbon-neutrality-by-2050.
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
Braskem
Stacy Torpey
Communications Director
+1 (215) 841 3194
Braskem on social media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recyclability of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of waste plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation (“Agilyx”), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com.
About Braskem
With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company’s almost 8,000 team members dedicate themselves every day to improve people’s lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare and hygiene, among others. With 41 industrial units in Brazil, the United States, Mexico and Germany, and net revenue of R$58.5 billion (US$11.4 billion), Braskem exports its products to clients in more than 100 countries.
Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with six production plants located in Texas, Pennsylvania and West Virginia, an Innovation and Technology Center in Pittsburgh, and operations in Boston focused on leveraging ground-breaking developments in biotechnology and advanced materials. For more information, visit www.braskem.com/usa.
- AmSty and Agilyx to jointly own and operate proposed 50-100 ton per day polystyrene recycling facility
- Facility to recycle waste polystyrene back into circular products
- Targeted location is AmSty’s Styrene production facility at St. James, Louisiana
The Woodlands, TX, and Oslo, Norway – April 8, 2021 – AmSty, the largest polystyrene producer in the Americas, and Agilyx Corporation, a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo)): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today an agreement to explore the development of a jointly owned advanced recycling facility. The initial scope of this project will be a 50 to 100 ton per day advanced recycling facility located at AmSty’s Styrene production facility in St. James, Louisiana. The facility will be a next generation expansion of Agilyx advanced recycling technology already in use at the parties’ Regenyx joint venture operating in Tigard, Oregon (www.regenyxllc.com), where post-use polystyrene products are converted back into virgin-equivalent styrene monomer. A feasibility study for the project is under way, with a timeline for construction and commissioning to be announced as progress continues.
“Polystyrene is an ideal material for the future of recycling,” said Dr. Randy Pogue, president, and chief executive officer of AmSty. “Not only can polystyrene products offer sustainability advantages where less material is required (e.g., a polystyrene foam cup is 95% air), but polystyrene is particularly advantageous for advanced recycling because it can be “unzipped” back to its original liquid form, styrene monomer, using 40% less energy than other polymers. As the global plastics industry moves toward circular recycling to build value and grow access, polystyrene becomes very attractive as a first mover with its inherent conversion advantages. AmSty is committed to keeping polystyrene products out of landfills through circular recycling. We are excited to expand our relationship with Agilyx in this new project to accelerate progress.”
“Development of this technology has picked up over the past decade, and it is time to reach a larger scale,” said Tim Stedman, chief executive officer of Agilyx. “We have been operating Regenyx with AmSty since 2019 and are pleased to expand our relationship toward a much larger facility at St. James. Joining AmSty as a co-investor underlines our commitment to accelerating the implementation of Agilyx advanced recycling technology and our licensing model. We believe that our technology will significantly increase the availability of recycled content for producers.”
Feedstock for this collaboration would be accessed via Cyclyx, Agilyx’s feedstock management company. AmSty is a founding member of the Cyclyx consortium. The Cyclyx platform encompasses an integrated set of innovations including chemical characterization of plastics, predictive modelling of feed sources to product pathways, custom feedstock recipes, and customized supply chains to deliver waste plastic feedstocks appropriate for recycling pathways.
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
AmSty
Josh Want
Communications Manager
+1 844-512-1212
About Agilyx
Agilyx (AGLX), is an early leader in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology, mixed plastic waste 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 working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.
About AmSty
AmSty is a leading integrated producer of polystyrene and styrene monomer, offering solutions and services to customers in a variety of global markets. AmSty is a member of the American Chemistry Council and its Responsible Care initiative, and is headquartered in The Woodlands, Texas. AmSty is a joint venture equally owned by Chevron Phillips Chemical Company LP and Trinseo LLC.
Certification is a third-party review that provides traceability of recycling process
PORTSMOUTH, New Hampshire, USA, April 6, 2021 – Cyclyx International, LLC, a consortium-based feedstock management company with a mission to increase the recyclability of plastic from 10% to 90%, announced today it obtained certification through the International Sustainability and Carbon Certification Plus (ISCC PLUS) process for its post-use plastic management systems.
The ISCC PLUS certification provides Cyclyx customers assurance that the plastic feedstock acquired for their processes satisfies conditions of being post-use and are traceable and auditable. The distinction certifies Cyclyx as a circular pathway point of origin and allows Cyclyx customers to use mass balance accounting to attribute post-use plastics to the production of their certified circular plastics and other products.
Cyclyx is currently sourcing post-use plastic for advanced recycling facilities, including the Agilyx Corporation and AmSty joint-venture Regenyx’s facility in Tigard, Oregon and the ExxonMobil facility located in Baytown, Texas. The post-use plastic sourced for these facilities originates from over 500 sources and is already certified as ISCC PLUS compliant. In addition to the projects in the United States, Cyclyx has engaged with other international companies, and this certification allows for Cyclyx to source and qualify feedstocks anywhere in the world.
“We are excited and proud to have received the ISCC PLUS certification,” Joe Vaillancourt, chief executive officer of Cyclyx, stated. “We understand the great need to validate the claims of recycled content made by our customers for the products they produce. This certification is the result of significant hard work by the Cyclyx team and provides validation of our unique process for chemically characterizing end-of-life plastics and ability to target different recycling options for post-use plastics as we strive for an overall goal of increasing global plastic recycling from 10% to 90%.”
Contacts Agilyx
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 increase the recyclability of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of waste plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation (“Agilyx”), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com.