- Cyclyx will help scale up supply of qualified plastic waste for the recycling industry
- Aims to provide needed supply chain transformation to enable advanced recycling on a large scale
TIGARD, Oregon, Feb 25, 2021 ─ Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and a leader in advanced recycling technology, established Cyclyx International LLC., on January 1, 2021. ExxonMobil joined Agilyx to become a founding member of the joint venture which is focused on helping increase plastic waste recycling.
Cyclyx will aggregate and pre-process plastic waste to meet the technical requirements of a wide range of recycling processes while ensuring reliable supply of feedstock to its customers. Cyclyx aims to transform the current supply chain and help accelerate the growth of the advanced recycling industry by connecting companies looking for plastic waste solutions with customers engaged in recycling initiatives.
The joint venture combines Agilyx’s expertise in plastic waste conversion with ExxonMobil’s technology expertise and large-scale petro-chemical manufacturing network. As part of the agreement, Cyclyx will help supply plastic waste feedstocks for ExxonMobil’s advanced recycling projects. Advanced recycling involves breaking down plastic waste to its molecular building blocks which are then used in the process of making virgin-quality plastic and other valuable products.
“This is a significant milestone for Agilyx and Cyclyx, as it marks the beginning of an entirely new approach to plastic waste recovery,” said Tim Stedman, chief executive officer at Agilyx. “Our mission at Agilyx is clear – to help solve the issue of plastic waste.”
“This joint venture represents an entirely new proposition about the way we handle plastic waste,” said Joe Vaillancourt, newly appointed chief executive officer of Cyclyx. “The Cyclyx business model brings tangible solutions, turning plastic waste into valuable new products. Leveraging Agilyx’s expertise in plastics recycling and the scale of partners like ExxonMobil, we aim to create a lasting and impactful change.”
“We see Cyclyx as helping to fill an important missing link in the plastics recycling value chain that is needed for advanced recycling solutions to scale,” said Karen McKee, President of ExxonMobil Chemical Company. “We share society’s concern about plastic waste, and our new joint venture is an important step in our efforts to develop advanced recycling technologies and approaches to help meet demand for certified circular polymers.”
ExxonMobil holds a 25 percent equity interest in Cyclyx with Agilyx owning the remaining 75 percent. In addition to supplying plastic waste to Agilyx’s customers and ExxonMobil, Cyclyx also aims to supply other customers with feedstock solutions for a wide range of recycling initiatives.
Cyclyx invites other companies to join as members, connecting waste producers with advanced and mechanical recyclers through innovative supply chains. Members could include retailers, brand owners, waste management companies, petrochemical companies, municipalities and others looking for solutions to address plastic waste in the environment.
Cautionary Statement
Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, operational results, scaling and expanding current recycling and research, the impacts of new technologies, and the creation of new sources of supply for industrial processes, could vary depending on the outcome of further research and testing; the development and competitiveness of alternative technologies; the ability to scale current projects on a cost-effective basis; political and regulatory developments; and other factors discussed in this release.
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 recycling solutions for all types of post-use plastics. The company’s mission is to increase the recyclability of plastics 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, and joined by ExxonMobil Chemical Company, one of the largest chemical companies in the world, to help address the complexities of recycling post-use plastics. For more information, visit us at www.cyclyx.com.
About Agilyx
Agilyx (AGLX), is a pioneer in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology and intelligent feedstock management system, 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 advance recycling solutions for mixed waste plastics. Contact us to have your plastic waste streams recycled at info@agilyx.com. For more information, follow us on social media and visit us at www.agilyx.com.
OSLO, Norway – October 24th, 2025 – Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN: NO0010872468: WKN: A2QGQ) (“Agilyx” or the “Company”) references the October 22, 2025 stock exchange notice regarding the issuance of subordinated convertible bonds. Agilyx has today successfully completed a placement of subordinated convertible bonds (the “Convertible Bonds”) due 2028 with the following pricing details:
o Initial issue amount: EUR 20 million
o Total framework amount: EUR 40 million of which EUR 20 million is available to issue
o Maturity Date: 30 June 2028
o Settlement Date: Expected to be 20 November 2025
o Coupon Rate: Fixed coupon of 10%, payable semi-annually, settled with additional bonds (PIK interest)
o A Reference Share Price of EUR 1.6524
o An Initial Conversion Price of EUR 1.9829 The Initial Conversion Price of EUR 1.9829 corresponds to a conversion premium of 20% above the volume weighted average share price on Oslo Stock Exchange on 22 October, 23 October and 24 October in NOK being NOK 19.1973, converted at an exchange rate of NOK 11.6175 / EUR 1.00.
The Issuer will convene an extraordinary general meeting of its shareholders to be held on or around 18 November 2025 to seek a resolution to make the Convertible Bonds convertible into Shares while disapplying shareholders’ preferential rights. Shareholders representing approx. 79% of the voting rights in the Company, namely Saffron Hill Ventures 2 LP, Saffron Hill Ventures 3 LP, Corvina Holdings Limited (Virgin), Caspla Securities Limited, Mirabella Financial Services LLP and Lucerne Capital, have irrevocably committed to vote in favor of the Shareholder Resolution. If the Shareholder Resolution is not passed by the required majority at the extraordinary general meeting, the Convertible Bonds will not be issued.
Arctic Securities AS and DNB Carnegie, a part of DNB Bank ASA, (the “Managers”) are acting as managers for the Convertible Bond issuance
About Agilyx
Agilyx ASA is a leading global investment platform supporting the development of plastic waste feedstock supply to the recycling industry. Through its 44% stake in GreenDot Global, Europe’s largest waste plastic recycling platform, generating over EUR 400 million in annual revenues, Agilyx gains access to large volumes of post-use plastic and advanced sorting and recycling infrastructure in Germany, Austria, and Italy, helping supply critical European-sourced feedstock to the European advanced recycling markets. Through Cyclyx, its (50%) joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Agilyx markets Styrenyx, its proprietary advanced recycling technology, to recycle polystyrene waste into recycled styrene monomers for reuse in new, high-quality products. By enabling the shift from a linear “make-take-waste” model to a circular economy, Agilyx helps solve the crisis of plastic waste and supports the global transition to a low-carbon future.
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/
OSLO, Norway – October 16th, 2025 – Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN:NO0010872468: WKN: A2QGQ) (“Agilyx” or the “Company”) references the announcement made by the Company on July 17, 2025 regarding a binding and fully financed agreement to acquire 44% of GreenDot Global S.à r.l. (“GreenDot”), a transformative investment that significantly strengthens Agilyx’s presence in the European market, creating a global platform for sourcing and supplying feedstock to the advanced recycling industry, and announces that the transaction has been completed.
Following approval at the Extraordinary General Meeting held on October 3rd 2025, all conditions for the closing of the GreenDot transaction were satisfied. Closing took place on October 15th 2025, at which time and after a capital increase in GreenDot, Agilyx owns approximately 44% of all issued shares in GreenDot, a pan-European circular recycling platform for waste plastic feedstock. The acquisition transaction included Agilyx contributing EUR 7m to a EUR 27m investment round into GreenDot.
GreenDot is working towards expanding its reach in the mechanical recycling sector while continuing to advance contracts to supply advanced recycling feedstock and remaining focused on the growth of its profitable core business in Germany´s plastic recycling market – a business on track to generate circa EUR 400m in 2025 sales. In September, GreenDot was awarded a 10-year feedstock supply contract from a third-party advanced recycling facility, representing 20,000-34,000 tons per annum. The company has also entered into an agreement to purchase a mechanical recycling facility in Italy, which specializes in bottle-to-bottle recycling and the production of pipes from recycled material.
Agilyx CEO Ranjeet Bhatia commented, “We are pleased to reach completion on the GreenDot investment. We have a tremendous opportunity to rapidly build the leading pan-European plastic recycling platform and are very much looking forward to working with our new GreenDot colleagues and shareholders to achieve our goals.”
GreenDot CEO Laurent Auguste comments, “We are very glad to welcome Agilyx as a new GreenDot shareholder. This new capital injection will support our facility expansion in Germany, Austria, and Italy, further propelling GreenDot’s commitment to scaling the European circular economy of plastic. The synergies between two market leaders that this investment creates strengthen our ability to act as a preferred partner of global brands and actors in the plastic packaging value chain.”
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/
About Agilyx
Agilyx ASA is a leading global investment platform supporting the development of plastic waste feedstock supply to the recycling industry. Through its 44% stake in GreenDot Global, Europe’s largest waste plastic recycling platform, generating over EUR 400 million in annual revenues, Agilyx gains access to large volumes of post-use plastic and advanced sorting and recycling infrastructure in Germany, Austria, and Italy, helping supply critical European-sourced feedstock to the European advanced recycling markets. Through Cyclyx, its (50%) joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Agilyx markets Styrenyx, its proprietary advanced recycling technology, to recycle polystyrene waste into recycled styrene monomers for reuse in new, high-quality products. By enabling the shift from a linear “make-take-waste” model to a circular economy, Agilyx helps solve the crisis of plastic waste and supports the global transition to a low-carbon future.
OSLO, Norway – August 18, 2025 – Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN: NO0010872468: WKN: A2QGQ) (“Agilyx” or the “Company”), announces a third-party reviewed Product Carbon Footprint report of Styrenyx, Agilyx’s proprietary recycling technology, shows CO2 emissions can be cut by up to 86% by using depolymerization of waste polystyrene compared to fossil production.
To better assess the carbon footprint of Styrenyx, our advanced recycling, post-consumer waste circular styrene production, Agilyx commissioned Sphera Solutions, Inc. to perform a cradle-to-gate product carbon footprint (PCF) consistent with ISO 14067:2018 standards, and compare results to conventional production of styrene from fossil resources. As announced in March 2025, the results have now been reviewed by a third party, confirming that when Styrenyx uses renewable energy to recycle polystyrene (PS) to styrene, it can reduce up to 86% of carbon-equivalent emissions compared to fossil-based production. At minimum, Styrenyx can save 46% carbon-equivalent emissions when powered by a standard electrical grid. This is higher than the 38% savings originally reported in March 2025.
“Our advanced recycling technology not only enables a circular economy for plastic, it does so with lower-carbon impact. Investing in and choosing innovative solutions for plastic waste is essential for building the infrastructure needed for a lower-carbon, more sustainable future, and helps solve the plastic waste crisis”, said Chris Faulkner, Chief Technology Officer of Agilyx.
Download the full report by visiting our website: https://www.agilyx.com/styrenyx/
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-assets/
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ABOUT AGILYX
Agilyx ASA is a leading global investment platform supporting the development of plastic waste feedstock supply to the recycling industry. Through its 44% stake in GreenDot Global, Europe’s largest waste plastic recycling platform, generating over EUR 400 million in annual revenues, Agilyx gains access to large volumes of post-use plastic and advanced sorting and recycling infrastructure in Germany, Austria, and Italy, helping supply critical European-sourced feedstock to the European advanced recycling markets. Through Cyclyx, its (50%) joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Agilyx markets Styrenyx, its proprietary advanced recycling technology, to recycle polystyrene waste into recycled styrene monomer for reuse in new, high-quality products. By enabling the shift from a linear “make-take-waste” model to a circular economy, Agilyx helps solve the crisis of plastic waste and supports the global transition to a low-carbon future
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