Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, is proud to announce that its depolymerization technology was successfully demonstrated during commissioning of Toyo Styrene’s 10 ton-per-day chemical recycling facility in Japan.
The recycling plant will convert post-use polystyrene into a styrene monomer enabled by Agilyx depolymerization technology. The styrene monomer will then be converted back into high value polystyrene products which bear a significantly lower carbon footprint than similar products made with virgin monomer.
Construction of the facility was completed in March 2024, at which time the commissioning process began. Last week, polystyrene was successfully depolymerized and converted to on-specification product during commissioning. The Toyo Styrene plant showcases the latest generation of Agilyx’s technology.
“The successful production of on-spec product during the commissioning process at Toyo’s facility is an exciting milestone,” stated Russ Main, interim CEO for Agilyx. “This achievement demonstrates the efficacy of Agilyx’s technology and brings us one step closer to project completion on the first polystyrene chemical recycling facility in Japan.”
Agilyx and Toyo will continue to partner and optimize the facility over the next few months.
For media inquiries:
communications@agilyx.com
For investor inquiries:
investors@agilyx.com
Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a chemical recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial scale waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at agilyx.com, subscribe to our newsletter or follow us on LinkedIn.
OSLO, Norway – February 29, 2024 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, announced today that it has reached an agreement with Americas Styrenics (AmSty), its joint venture partner, to close Regenyx after successfully achieving the objectives defined in its five year formation agreement.
Regenyx, located in Tigard, Oregon (US), is a 50/50 joint venture between AmSty and Agilyx. The company converts post-use polystyrene back into its original components for production under AmSty’s PolyRenew® label. Regenyx showcases Agilyx depolymerization technology and enables AmSty to produce new polystyrene that is used to make products with the same quality and durability as virgin plastic. Over the course of the five-year project, Regenyx diverted over 6 million pounds of post-use polystyrene waste from landfills.
“Because of Regenyx, the new circular plastics economy now has a place for polystyrene, and this essential material that improves people’s lives has even more potential for growth,” said Tim Barnette, AmSty vice president of polymers and sustainability. “AmSty is proud to have been part of this long-term project that proves advanced recycling of polystyrene is not only feasible, it is the future.”
“We are very proud of our team and our company for the important work we’ve done over the past five years in Tigard,” said Russ Main, interim CEO of Agilyx. “Building this first-of-its-kind circular recycling model for polystyrene in the US opened the door for Agilyx to progress additional commercial projects, such as the Toyo Styrene plant in Japan which is nearing completion of commissioning and will showcase the latest generation of Agilyx technology.”
The Regenyx venture achieved many milestones including establishment of ISCC PLUS certification for the demonstrated circular pathway. The venture also allowed both parent companies to develop and progress additional projects and pathways at larger scale. Having successfully delivered its defined project objectives, Agilyx and AmSty will decommission the Regenyx venture at the end of the five-year agreement. The plant will cease operations by April 30, 2024, alongside the wind down of the venture.
For media inquiries:
Melanie Burger
Director, Corporate Communications
communications@agilyx.com
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
investors@agilyx.com
ABOUT AGILYX
Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a chemical recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial scale waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com or follow us on Linkedin.
Join our team and help us change the way the world recycles
Discover opportunities
Our mission
Use innovative technology for good and help solve the problem of plastic waste
At Agilyx, we are investing in developing systems, processes, and technology to increase plastic waste recycling and promote a circular economy for plastic, reducing our dependency on fossil fuels and our carbon footprint. As we invest and build operations and strategic partnerships around the world, we are looking for people who are equally committed to helping change the way the world recycles.
We take care of the people who make our mission possible with a comprehensive benefits package
Up to 90% company-paid medical, dental and vision insurance premiums
Company-paid life insurance
Professional development and growth opportunities
401K with company matching employee contribution up to 3%
A flexible work environment for most roles
Competitive salary
Company-paid, long-term, and short-term disability
The ability to work remotely or hybrid in many roles
Many more company-provided benefits
Our Values
At Agilyx, we are committed to living our values.
We expect our employees to embrace and reflect these values in the work that they do every day as we move forward on our mission to use technology for good and help solve the problem of plastic waste.
Be safe
Safety first and always.
Be collaborative
Be inclusive and work together in delivering quality solutions.
Be Innovative
Use our entrepreneurial passion to drive continuous improvement in our mission to end plastic waste and protect our environment.
Be Responsible
Be accountable for doing the right thing in the right way, acting with integrity, and treating others with respect.
Agilyx’s proprietary advanced recycling technology
Styrenyx
Our technology uses catalyst-free depolymerization to recycle polystyrene waste back into its virgin-equivalent building blocks for reuse in new, high-quality products. A third party reviewed report confirms that when using renewable energy to recycle polystyrene (PS) to styrene, Styrenyx can reduce up to 86% of carbon-equivalent emissions compared to fossil-based production.
Styrenyx, our advanced recycling technology, not only enables a circular economy for plastic, it does so with a lower carbon impact. Choosing innovative solutions and investing in the necessary infrastructure is essential for solving the plastic waste crisis and create a lower-carbon, more sustainable future.
Preserving the value of plastic, sustainably
Agilyx’s advanced recycling technology tackles the global plastic waste problem by processing hard-to-recycle plastics that traditional recycling methods cannot. Styrenyx, our proprietary depolymerization process, uses controlled temperatures to break polystyrene into its original building blocks, preserving their value for continuous reuse in a circular economy. Our technology supports a sustainable future by using an electrified reactor with lower carbon impact and a renewable energy source.
Our technology can reduce carbon equivalent emissions for styrene production by up to 86% compared to fossil-based production
Agilyx commissioned Sphera Solutions to conduct a cradle-to-gate carbon footprint assessment.
Lowers emissions by 86% when powered by renewable energy
Cuts CO₂ emissions by 46% using grid electricity
Consistent with ISO 14067:2018 standards
Critically reviewed by a third party
Built for versatility Styrenyx is used in commercial-scale technology platforms to redirect plastic waste from landfills and the environment back into use. Unlike other technologies, Styrenyx’s reactor does not use a catalyst. This means we are able to process even contaminated plastic waste, greatly increasing recyclability rates.
Lower-carbon process
Reduces carbon impact by using an electrified reactor powered by a renewable energy source
Catalyst-free system
Allows contaminated polystyrene feedstocks
Robust feedstock capability
Allows input of a broad range of polystyrene feedstocks and blends (including, waste PS, GPPS, EPS, XPS, HIPS, ABS, AS & SAN)
Flexible process
Reduces carbon impact by using an electrified reactor powered by a renewable energy source
Backed by 20+ years of technology development
With eight generations of technology development, a robust portfolio of patents and a license actively operating at a waste polystyrene recycling facility in Japan, Agilyx has established its leadership position in the advanced recycling industry. The technology is compatible with ISCC PLUS certification standards, enabling traceability and verification of recycled content to support customer and regulatory requirements.
Styrenyx: Feedstock to Product
Styrenyx is designed to drive the future of sustainable packaging by enabling plastics to be recycled repeatedly, reducing reliance on fossil-based materials and significantly lowering carbon footprints.
Input: Polystyrene feedstock
Densified polystyrene waste is fed into the reactors.
Conversion: Depolymerization
Our patented pyrolysis reactor depolymerizes, (breaks down using high, controlled temperatures) the polystyrene into its original building blocks: styrene monomers.
Output: Styrene monomer
The end-product, a styrene monomer, enables all styrene monomer end-markets to create new, virgin-equivalent, high-quality polystyrene products, reducing the need for fossil-based production.
Styrenyx is proven on a commercial scale
Styrenyx is at the heart of Toyo Styrene’s advanced recycling facility in Chiba, Japan — the largest facility dedicated to the depolymerization of polystyrene waste in the country.
This innovative facility converts polystyrene waste into a styrene monomer using Styrenyx technology. The recovered styrene monomer can be used to make high-quality polystyrene products with a significantly reduced carbon footprint compared to those made with virgin materials.
- Aromatic chemicals (benzene, toluene, xylene) are one of the fundamental building blocks of the chemical industry
- Account for ~40% of total petrochemicals by volume and worth ca. $200B/yr
GRONINGEN, Netherlands and OSLO, Norway – April 24, 2023 – BioBTX B.V. (“BioBTX”), the global leader in renewable aromatics technology, and Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a leading post-consumer plastics recycling company have entered into a strategic collaboration to explore the scale-up of BioBTX technology at a commercial demonstration plant for the production of renewable aromatic chemicals (benzene, toluene, xylene: BTX).
The partnership will bring Agilyx technology into BioBTX’s first commercial plant. Agilyx’s pyrolysis technology for difficult-to-recycle post-use plastics combined with BioBTX catalytic technology to convert pyrolysis vapours into aromatic chemicals will create a unique synergy for the production of renewable aromatic chemicals (BTX).
The integration of these two technologies will yield a high quality BTX product, meeting the demanding specifications of the chemical industry whilst also converting difficult to recycle plastic waste streams.
“This is a significant milestone for chemical recycling as it demonstrates the versatility of Agilyx conversion technology as a key enabler for not only circular plastics but also aromatic chemicals,” said Tim Stedman, CEO of Agilyx. “We are thrilled to bring these two technologies together for this innovative collaboration.”
“In a sustainable future, carbon demand needs to be obtained from renewable sources. This partnership between Agilyx and BioBTX is a key stepping stone on the path to a truly circular society,” said Ton Vries, CEO of BioBTX. “We decided to work together with Agilyx, a global leader in pyrolysis technology for waste plastic on a commercial scale. This cooperation shows that BioBTX and Agilyx are complementary and add value to each other, like Diels and Alder.”
Market
Aromatic chemicals (BTX) are key chemical building blocks, representing 40% of the petrochemicals in terms of volume. In monetary terms, the current Total Addressable Market (TAM) is ca. 200 billion Euros per year, growing to 500 billion Euro or more in 2050.
Global demand for these aromatics is currently 180 million tonnes of carbon and estimated to be 400 million tonnes of carbon in 2050 (Nova Institute).
Contacts
For media inquiries:
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
louise.bryant@agilyx.com
About BioBTX
BioBTX is a circular chemistry technology developer that enables the replacement of fossil resources by biomass & plastic waste. These renewable resources are used for the production of drop-in chemicals to enable sustainable and future proof materials. BioBTX developed a unique and commercially attractive integrated catalytic pyrolysis process that maximizes BTX yield and minimizes operational costs. Without biobased and renewable aromatics the options for sustainable materials are very limited; with these renewable aromatics however, it is possible to achieve truly green and sustainable materials for the entire society and industry. At BioBTX we want to change the world; we want to make our future green. That is why we develop technology for a sustainable and circular future.
About Agilyx
Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a molecular recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial scale waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com or follow us on Linkedin.