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.

• 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.

• 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.

Thu, Apr 08, 2021 15:00 CET

• 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.