Mr. Laroche joined Agilyx in December 2023 to lead Agilyx’s Corporate Development activities. As Chief Financial Officer and Head of Corporate Development since July 2024, he leads the company’s financial strategy and oversees its corporate growth initiatives. His focus includes advancing the feedstock management business in collaboration with Cyclyx strategic partners and engaging with capital markets to secure sustainable growth.
Mr. Laroche is a seasoned finance leader with a proven track record in investment management, strategic planning, capital raising, and mergers and acquisitions. Before joining Agilyx, he served as CFO of a sustainable building materials startup, where he successfully guided the company through multiple funding rounds. With over a decade of experience at BNP Paribas’s Principal Investment Group in New York, he deployed over $250 million in direct private equity and venture capital transactions across energy, infrastructure, and climate technology.
Mr. Laroche is passionate about sustainable and circular solutions, dedicating his career to advancing projects that promote environmental stewardship and resource efficiency. His expertise in these areas is instrumental in driving Agilyx’s mission to revolutionize recycling and turning waste into value. He holds an MBA from ESSEC Business School.
Cyclyx International, a consortium-based waste plastic innovation company, together with its members, is introducing its mission brand, 10 to 90®, and associated 10 to 90 Challenge. The 10 to 90 Challenge is a series of new takeback and engagement programs designed to divert more low-quality waste plastics away from landfill and into the Cyclyx system, where those waste plastics can be recycled with the ultimate goal to increase recycling rates of plastics from 10% to 90%.
Cyclyx, in collaboration with its members, plans to bring to market a series of innovations that enable more recycling options for low quality waste plastics that currently do not get recycled. Internationally, only 10% of all plastics produced annually are recycled with the rest ending up in landfills, the environment or incinerators. Cyclyx is working to find ways to get this waste plastic out of the trash bins and into the Cyclyx system for Cyclyx and its members to recycle those low quality plastics in an effort to raise the recycling rates of plastic from 10% to 90%.
The 10 to 90® brand will introduce a set of takeback programs, education, rewards and engagement tools, sponsored by the Cyclyx consortium companies,designed to incent small changes of behavior at home in order to increase the amount of waste plastics diverted from landfills and into the Cyclyx supply chain. Those waste plastics can then be recycled to a range of products by consortium members.
This new approach has the ability to help greatly expand the range of plastic waste that society recycles, including materials not commonly accepted by traditional recyclers due to poor quality, contamination levels or the chemical complexity of the waste.
The brand’s associated 10 to 90 Challenge is a call to action for individuals within select geographic areas to help increase their local plastic recycling rate to upwards of 90% from the average of 10%. The Challenge will be rolled out in collaboration with municipalities, retail establishments, corporations and universities in an effort to help drive scalable, community-focused solutions that accelerate plastic recycling, locally in the short term with a goal to impact global recycling rates in the long term.
“The introduction of 10 to 90® is a significant strategic pillar for Cyclyx,” stated Joe Vaillancourt, CEO of Cyclyx. “We all can do more to responsibly manage waste plastics and boost plastic circularity. 10 to 90® is an effort to significantly increase the amount of plastics diverted from landfills and into our system, where we can then find new recycling options with Cyclyx. By engaging individuals, companies, communities, and other organizations in this mission, we can truly begin to address the plastic waste challenge and increase the plastic recycling rate from 10% to 90%.”
Contacts
Melanie Burger
Director, Corporate Communications
mburger@cyclyx.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 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.
PORTSMOUTH, New Hampshire, USA, March 15, 2022 – Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced BNSF Railway (BNSF), one of North America’s leading freight transportation companies, has joined the consortium and John Lovenburg, vice president of environment and sustainability at BNSF, will be joining Cyclyx’s executive advisory board (EAB).
As Cyclyx begins to scale its ability to divert more waste plastic from the landfill and into its new member-based supply chain systems for recycling, expertise in circular economy logistics and cost effective transportation solutions will become critical. BNSF, being a leader in the freight transportation and logistics industry with strong sustainability goals, will bring important insight and expertise to the consortium.
“BNSF Railway is pleased to join the Cyclyx consortium and we support its ambitious 90 percent plastics recycling mission,” said John Lovenburg, Vice President, Environment & Sustainability. “We look forward to contributing our expertise in circular economy logistics and rail solutions, and partnering and learning from the innovative member companies.”
“We’re excited to welcome BNSF to the consortium and Mr. Lovenburg to the EAB,” stated Joe Vaillancourt, CEO of Cyclyx. “With our increased member demand for customized plastic feedstock, we need to develop and/or optimize our logistics programs and we are excited to have BNSF as a member so we can leverage their expertise and current operations that will help in our collective mission to increase the recycling rate of plastic from 10% to 90%.”
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator 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 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 BNSF
BNSF Railway is one of North America’s leading freight transportation companies. BNSF operates approximately 32,500 route miles of track in 28 states and also operates in three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food and beverages. BNSF’s shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at www.BNSF.com.
PORTSMOUTH, New Hampshire, USA, March 11, 2022 – Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced the creation of a digital asset and data function which will help the company scale its platform internationally. With the expected growth of Cyclyx in 2022 following its announcements of the development of a specialized plastics recovery facility on the Gulf coast and its participation in the Houston Recycling Collaboration, the importance of data intelligence and digital tools to help transform and scale the new plastic recycling economy is paramount.
The new digital asset and data function will be dedicated to advancing the development of the Company’s AI tools, supply chain logistics, optimization of its customized advance plastic processing facilities, ISCC+ certification requirements and the consumer engagement and affinity tools associated with the Company’s new takeback programs. The new group will be led by Matt Durbin who will serve as the SVP of Digital Asset Strategy and Commercialization. Prior to this role, Matt served as the Company’s VP of Operations. In a related move, Joe Ledbetter will be promoted to VP of Operations having served most recently as the Company’s Senior Director of Feedstock, Supply Chain and Operations.
Matt Durbin has been with the company for 5 years and has served in various capacities, first at Agilyx and then transitioning to Cyclyx at its inception in late 2020. Matt has been instrumental in developing the initial supply chain and operating aspects of Cyclyx as well as obtaining international ISCC PLUS certification of Cyclyx’s post-use plastic management system. In addition, Matt has been leading the development of the Cyclyx custom plastic recovery facilities in collaboration with member organizations. In his new role, Matt will help define the ongoing data and digital asset strategies that will allow Cyclyx to scale internationally in support of its 10 to 90 mission.
Joe Ledbetter has been with the company for 8 years, also starting at Agilyx and transitioning to Cyclyx at its inception. Joe has been integral to developing the operating procedures for Agilyx’s technology, serving early on as plant manager at the company’s Tigard facility and setting up sourcing and supply chain elements of the Cyclyx system. In his new role, Joe will be leading the operational aspects of Cyclyx including the development, construction and commissioning of new plastic recovery facilities (PRFs), management oversight of the operations of the PRFs as well as supporting the transitional needs between waste plastics sourcing activities and the various supply chain and logistic elements of all Cyclyx and 10 to 90 operations.
“I’m excited to announce the appointment of Matt Durbin to the role of SVP of Digital Asset Strategy and Joe Ledbetter to the role of VP of Operations,” stated Joe Vaillancourt, CEO of Cyclyx. “Data tools are integral to our mission to increase the recycling rate of plastic from 10% to 90%. Under Matt’s leadership, this newly created data function within our organization will help improve our ability to collect and convert a broader range of waste plastics into feedstock, allowing us to divert more plastics out of landfill and into the Cyclyx system to be recycled and Joe will help us create a best in class safety and operational culture within the Company as we grow and to manage the tight feedstock specifications that will meet the needs of our offtake customers.”
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator 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 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 43 883 0396
kate.ringier@agilyx.com
Cyclyx International, a consortium-based supply chain innovation company with a mission to help increase the recycling rate of plastic from 10% to 90%, has welcomed Suncast, the market-leading manufacturer of high-quality resin products made in the U.S.A., to its consortium.
Retailers and consumers know Suncast for its smart and innovative home and garden and storage products. By developing products that incorporate recycled content and can be recycled at their end-of-life, Suncast Corporation is committed to a brighter, more brilliant future.
“Zero waste and recycled content are key components of our Brilliant by Design™ sustainability platform,” stated Jim Ahlborn, CEO of Suncast. “Cyclyx is doing the difficult work of diverting plastics from landfills to use as feedstocks in advanced recycling so that companies like ours can use recycled content in our products. By working with Cyclyx and our retail partners, we’ll be able to implement first-of-their-kind takeback programs so fewer products end up in landfills at the end of their useful lives, and we’ll collaborate with companies that can help us source even more recycled content for our products.”
Suncast’s membership in Cyclyx gives it access to design and implement customized takeback programs and innovations, including plastic waste-based circular feedstock specifications tailored to its specific product pathways, allowing for the inclusion of higher amounts of recycled content in its products.
“We are happy to welcome Suncast to the Cyclyx consortium,” stated Joe Vaillancourt, CEO of Cyclyx. “Suncast’s focus on sustainability and enthusiasm for advancing circular solutions will help us to direct more plastic waste toward its best use and will be a great bolster to our effort to help drive the recycling rate of plastic from 10% to 90%.”
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
About Cyclyx International, LLC.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator 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 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 Suncast® and Suncast Commercial®
Suncast Corporation is a privately held designer, manufacturer and distributor of consumer and commercial products for the home and industrial markets. The scope of the extensive product range includes innovative items in several categories encompassing: Outdoor Storage, Lawn and Garden, planters, Snow Tools, Deck and Patio Accessories, Outdoor Furniture, and several others.
Suncast continues to be a leader in the design and manufacture of high-quality resin products made in the U.S.A. for over 35 years. The Suncast brand is the market share leader in hose reels, outdoor storage and snow tools. These products are sold through over 25,000 retail outlets in the United States and Canada, primarily through Big Box, Hardware, Clubs and Specialty Retail chains as well as major e-commerce providers.
To learn more about the full line of Suncast and Suncast Commercial® products, visit our websites: Suncast.com and SuncastCommercial.com.
YewMaker, the executive lead of the Sustainable Medicines Partnership (SMP), is announcing that Agilyx has joined as a Founding Collaborator. The SMP is a not-for-profit private-public collaboration executing projects to make the use of medicines more sustainable and less wasteful.
Agilyx (Euronext Growth (Oslo): “AGLX”) is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products.
In its collaboration with the SMP, Agilyx will have an initial focus on enhancing medicines packaging sustainability. Roughly one trillion medicine packets are thrown away each year, destined for landfill or incineration even though most could be recycled. Eliminating the single use of these plastics is a priority for the SMP.
“Sustainable Medicines Partnership has an exemplary goal to make medicines more sustainable and equitable. Agilyx is extremely proud to join SMP in its work to reduce waste in medicines packaging,”. “There is a perception out there that packaging like blister packs can’t be recycled, but that is not the case. Our proven technology can create a more sustainable solution for this high-grade medical packaging.” – Tim Stedman, CEO of Agilyx
Agilyx will work with SMP to develop tested, data-driven, scalable solutions to address the factors that have previously made these materials hard to recycle such as the chemical complexity of the plastics involved and the logistical difficulties with collection, sorting and disposal in a highly siloed industry.
“Packaging plays an essential role in ensuring the quality and safety of medicines. Developing circular solutions to reduce single use of plastics in medicines packaging is a key focus of the SMP. We are delighted Agilyx, who are leading innovators in recycling complex plastics, will be working with us.”- Nazneen Rahman, YewMaker CEO, SMP Director.
Contacts:
YewMaker: comms@yewmaker.com
Agilyx: Kate Ringier kate.ringier@agilyx.com
About the Sustainable Medicines Partnership
The SMP is a not-for-profit, private-public, multi-stakeholder collaboration. Through executing priority actions, the Sustainable Medicines Partnership aims to stop the avoidable waste of medicines and medicines packaging – reducing healthcare emissions and increasing health equity globally. Learn more at www.yewmaker.com/smp
About YewMaker
YewMaker builds science-based, scalable, concepts and solutions that make healthcare more sustainable. YewMaker is the initiator and executive lead of the Sustainable Medicines Partnership. Learn more at www.yewmaker.com
About Agilyx
Agilyx 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 closed loop plastic-to-plastic chemical recycling facility and holds over 17 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.
Oslo, Norway – February 21, 2022 – Agilyx (Euronext Growth Oslo: AGLX.OL; OTCQX: AGXXF), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, announced today the appointment of Jonathan Tyler as senior vice president of corporate development to help drive the company’s strategic planning process and investor relations strategy.
Mr. Tyler comes to Agilyx with over 25 years of experience in investment banking with a longstanding specialization across the chemical industry with related work in cleantech and sustainability. Tyler has held leadership positions with Houlihan Lokey, Bear Stearns (now JP Morgan), Goldman Sachs and Climate KIC. Early in his career he was a top ranked research analyst, including heading European chemical research for Goldman Sachs. He has worked on many of the most complex M&A and financial restructuring projects across the global chemical industry, and also numerous IPOs/listings. Most recently he served as managing director at Perella Weinberg Partners.
“We are excited to welcome Jonathan to Agilyx with his wealth of experience in strategic decision making and investor relations,” stated Tim Stedman, CEO of Agilyx. “Jonathan’s strong professional background will be vital in developing the strategic relationships needed to usher Agilyx into its next phase of growth.”
Mr. Tyler will be based at the company’s European hub, located just outside of Zurich, Switzerland.
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
About Agilyx
Agilyx 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 closed loop plastic-to-plastic chemical recycling facility and holds over 17 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.
Virgin Group and chemical conversion technology company Agilyx have announced they are forming a strategic partnership in order to research and develop lower-carbon fuel facilities to help address plastic pollution and the global transition to net-zero
Virgin Group and Agilyx aim to reuse plastic waste to produce synthetic crude oil that will then be refined into a lower carbon fuel. Plastic waste that otherwise would be un-recycled will be diverted from landfill and will help broaden options in the market for lower carbon fuels from the limited range available today. Virgin Group wants to provide lower carbon fuel solutions to the global-market and expects Virgin Atlantic and other Virgin companies to be early adopters, as part of the Group’s transitional plans of achieving net zero by 2050.
Virgin Group intends to work with Agilyx – whom it has been an investor in for many years – on the development of the production facilities based on its unique conversion technology. Cyclyx, an innovative feedstock company that is majority owned by Agilyx, will source the plastic waste used for the fuel in the first facility.
The first waste-to-fuel location is planned to be in the US, with an aspiration to roll-out similar plants in other countries, including the UK.
Agilyx’s proprietary technology is able to break down plastic waste through a pyrolysis process. Pyrolysis converts mixed waste plastic into a synthetic crude oil which, once further refined, can be used as a lower carbon fuel.
Josh Bayliss, CEO of the Virgin Group, says: “Innovation and entrepreneurship are important tools to address the climate crisis. Virgin and other companies have an important role to play in meeting those challenges, which is exactly why we are forming this strategic partnership with Agilyx. The creation of lower carbon fuel is an important step in the journey towards net zero. We are very pleased to be adding this project to the range of investments we continue to make aimed at addressing these issues.”
Tim Stedman, CEO of Agilyx, says: “We are pleased to be partnering with the Virgin Group to enable a technology solution for lower carbon fuels as it transitions on its journey to net zero. This platform is unique as it will be used for lower carbon fuels and has the future opportunity for the production of circular plastics. We view plastic waste as a valuable above ground resource that is not widely tapped into. Through our technology, we aim to unlock the value of plastic waste that otherwise may have been destined for landfill or incineration.”
Shai Weiss, CEO of Virgin Atlantic, says: “In this decade, Sustainable Aviation Fuel is the key solution for decarbonisation of the aviation sector but we have a long way to go. Clearing the skies for tomorrow requires radical collaboration across innovators, producers, investors and airlines. We are delighted that Virgin Group and Agilyx are leading the charge to pilot new pathways in lower carbon fuels and we look forward to working closely with them to achieve our 10% SAF target by 2030.”
-ends-
For further information:
Charlotte Sjoberg
Communications Director, UK, Virgin
+44 7766 240821
charlotte.sjoberg@virgin.com
Kate Ringier
VP, Communications & Government Affairs, Agilyx
+ 41 43 883 0396
kate.ringier@agilyx.com
Virgin Atlantic
For further press information about Virgin Atlantic, please contact the Virgin Atlantic press office on press.office@fly.virgin.com or call 01293 747373.
Ryan Kisiel
Head of Sustain, Maitland /AMO
+44 (0) 207 379 5151
ryan.kisiel@maitland.co.uk
Notes to editors
Virgin companies which are expected to be early adopters of the lower carbon fuel include Virgin Atlantic, Virgin Australia and Virgin Orbit. Virgin Voyages will also explore how the lower carbon fuel could advance its net zero goals.
About Virgin
The Virgin Group is a leading international investment group and one of the world’s most recognised and respected brands. Created in 1970 with the birth of Virgin Records, the Virgin Group has gone on to invest in, incubate, and grow a number of successful businesses in the private and public markets. The Virgin Group has expanded into many sectors since its inception, driven by Sir Richard’s ambition to create the world’s most irresistible brand. These sectors include travel & leisure, financial services, health & wellness, technology & internet-enabled, music & entertainment, media & mobile, space, and renewable energy. Avoiding the impacts of climate change is a key priority for the Virgin branded businesses and we believe that all Virgin branded companies should achieve net zero emissions by 2050 or sooner, further details on this will be published in the Virgin Group sustainability report later this year. Find out more at www.virgin.com.
About Agilyx
Agilyx 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 closed loop plastic-to-plastic chemical recycling facility and holds more than 17 patents. Agilyx conversion technology utilises 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.
About Virgin Atlantic
Virgin Atlantic was founded by entrepreneur Sir Richard Branson in 1984, with innovation and amazing customer service at its core. In 2021, Virgin Atlantic was voted Britain’s only Global Five Star Airline by APEX for the fifth year running in the Official Airline Ratings. Headquartered in London, it employs 6,500 people worldwide, flying customers to 27 destinations across four continents. Alongside shareholder and Joint Venture partner Delta Air Lines, Virgin Atlantic operates a leading transatlantic network, with onward connections to more than 200 cities around the world. On 3 February 2020, Air France-KLM, Delta Air Lines and Virgin Atlantic launched an expanded Joint Venture, offering a comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits, including the ability to earn and redeem points / miles across all carriers.
Sustainability remains central to Virgin Atlantic, having taken an industry leadership position through its long-standing support for SAF commercialisation and fleet transformation programme. Since September 2019, the airline has welcomed eight new Airbus A350-1000 with a further A350-100 and three A339s entering the fleet in 2021. By the end of 2022 the average fleet age will be just over six years, driving a fuel efficiency (CO2 /RTK) improvement of 30% compared with 2007. For more information visit www.virginatlantic.com or via Facebook, Twitter and Instagram @virginatlantic.
PORTSMOUTH, New Hampshire, USA, January 20, 2022 – Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that Dow (NYSE: DOW) has joined the Cyclyx consortium.
As a leading materials science company, Dow is at the forefront in driving the transformational change that is needed to tackle the existential threats of climate change and environmental degradation.
Dow’s membership in Cyclyx will give it access to participate in customized takeback programs and innovations including plastic waste-based circular feedstock specifications tailored to its specific product pathways – which will help Dow to advance its sustainability and circularity goals.
Mary-Jane Hogg, global director of waste strategy for Dow, will serve on the executive advisory board of Cyclyx.
“Cyclyx’s unique approach to significantly increase plastic recycling rates supports Dow’s commitment to boost plastic circularity and keep plastic out of the environment,” said Hogg.
Cyclyx redirects more difficult to recycle plastic into recycling by tapping into extensive data on the chemical composition of post-use plastics and using AI and predictive analytics to put it to use.
“Our work with Cyclyx supports Dow’s collaboration on leading technologies to enable a sustainable future with resource-efficient production of certified circular plastics – to preserve the environmental benefits of plastics, including the critical role plastics play in reducing carbon emissions,” said Hogg.
Dow’s sustainability journey began more than 30 years ago, and today the company is delivering against its 2025 Sustainability Goals, its third generation of 10-year goals, developed in alignment with the United Nations Sustainable Development Goals, and also recently announced additional targets directed specifically at addressing climate change and plastic waste.
“We’re excited to welcome Dow to Cyclyx and Mary-Jane to the executive advisory board,” stated Joe Vaillancourt, CEO of Cyclyx. “Dow has been very progressive in its commitment to environmental sustainability. Dow’s targets on eliminating plastic waste in the environment align well with Cyclyx’s mission to increase the recycling rate of plastics from 10% to 90%.”
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
Eileen Zeng
EYZeng@dow.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 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 Dow
Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through its materials science expertise and collaboration with its partners. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
Circular recycling company, Regenyx, confirmed today that it has transitioned to 100% renewable energy at its facility in Tigard, Oregon. The company is a joint venture between Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and pioneer in the advanced recycling of post-use plastics, and AmSty, the largest polystyrene producer in the Americas. Joining together to form Regenyx in 2019, these companies are considered frontrunners in circular recycling for polystyrene and aim to lead future companies in choosing renewable energy.
Through enrollment in the Green Future Enterprise program with Portland General Electric (PGE), Regenyx will receive 100% of its electricity from wind sources. Using solely renewable energy sources supports a transition to a low-carbon economy, which is in line with Agilyx sustainability goals to mitigate climate-related impacts of its operations and disclosing the environmental footprint and energy efficiency of its circular recycling processes.
“Agilyx is using chemical recycling technology to help solve the problem of plastic waste in an effort to create a more sustainable, circular economy for plastics,” said Tim Stedman, CEO of Agilyx. “Using electricity derived from non-renewable resources to power that technology would be counter-intuitive. That’s why we are so pleased to announce that all of the electricity in Tigard will now come from renewable wind energy.”
Vice President of Polymers and Sustainability at AmSty, Tim Barnette, said, “AmSty and Agilyx are working diligently to make circular recycling as efficient and carbon-neutral as possible. We are optimistic that the move to wind-powered electricity will put us farther down that path and we’re grateful to have this source available.”
Contacts
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
Josh Want
Communications Manager
AmSty
Phone: +1 844-512-1212
Website: www.amsty.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.
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.
PORTSMOUTH, New Hampshire, USA, November 4, 2021 – Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that Corning Incorporated, one of the world’s leading innovators in materials science, has joined as the newest member. With an initial focus on creating more circular pathways for plastics in the U.S. life sciences industry, Corning’s membership in the consortium will open up opportunities for increased landfill diversion by improving the recycling rate for its products used in life sciences research, liquid handing, and bioprocessing. Christie McCarthy, Director of Sustainability for Corning Life Sciences, will represent the company on the executive advisory board.
Corning has pledged to enhance manufacturing waste strategies across its sites by 2025 and initiated a partnership in 2020 with the New York State Pollution Prevention Institute to develop a formal waste management program. As a member of Cyclyx, Corning will gain access to services that include the design and execution of programs to expand collection of plastic waste from manufacturing, while also offering customers a path to recycle post-use plastics via Cyclyx’s ISCC PLUS certified process.
“By combining Cyclyx’s feedstock management technology with Corning’s extensive U.S. supply chain and knowledge of life sciences plastics, we can work together to make a circular economy for the life sciences industry a reality,” said McCarthy. “We look forward to bringing our passion for invention and innovation to the advisory board to help reimagine how post-use plastic consumables can become regenerative cradle-to-cradle products.”
“We’re excited to welcome Corning to the Cyclyx consortium,” stated Joe Vaillancourt, CEO of Cyclyx. “Corning is a brand that has been at the forefront of industry-leading innovation for more than 170 years. The company’s commitment to developing sustainable, more circular pathways for its products is admirable and, as a member company, the company will help drive our mission of increasing the recycling rate of plastic from 10% to 90%.”
Contacts
Cyclyx
Kate Ringier
VP, Communications & Government Affairs
+ 41 43 883 0396
kate.ringier@agilyx.com
Corning
Elizabeth Fryman
+ 1 978 684 2659
frymane@corning.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 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 Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 170-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, and life sciences.
Net zero emissions and net zero waste should be viewed as interconnected if we are to meet our climate goals.
Countries are making clear commitments to cut emissions in line with the Paris agreement and ahead of COP26 – the global climate summit this Autumn.
In the run up to COP26 this November, there has been a clear, concerted effort by countries from across the planet to set ambitious climate targets. So far, 124 nations have made pledges to reach net zero emissions.
The new Biden administration has made climate a key priority, rejoining the Paris Climate Agreement and targeting a 50-52% reduction in emissions by 2030. Other global players like China and the EU have also recently raised their ambition to match the urgency of the situation.
The scale of the challenge means that it would be nearly impossible for the world to meet these targets unless business takes a leading role in driving forward the circular economy.
Many of the biggest players are starting to do their part. We’ve seen strong commitments from household names such as Unilever, BP and BlackRock, as well as 21% of the world’s 2,000 largest companies – representing $14 trillion in sales – all setting net zero targets.
However, despite commitments, it is clear more change is needed.
Despite these commitments, more is needed if we will have any hope of keeping within the 1.5C target set in the Paris Agreement. With 2023 on track to see the highest CO2 emissions in modern history, we cannot rely on just doing more of the same, we need to think differently and more creatively on how we can reduce our emissions.
The Intergovernmental Panel on Climate Change – the world’s leading body of climate experts – has warned such an acceleration would put the Paris target all but out of reach. This warning should be a ‘code red’ for us all – governments, businesses and consumers alike – to act.
Even more worryingly, as we’ve seen from the forest fires and flooding in recent weeks, reliance on single solutions such as carbon offsets and tree planting has done very little to change the trajectory of global warming. While these solutions are a good start, we need to implement bigger changes across all industries if we are going to have any real impact.
Forbes has said that the best time to innovate is during times of crisis. Now is the time for businesses to break out of their comfort zones and find new solutions to meet the growing demands for goods and products. For us as business leaders, it is as much about being smart with the materials we use as it is reaching for the technologies of the future.
Companies need to think more widely about how they can reduce their emissions, beyond what their current goals pledge to achieve.
Companies are often focused on their gas and emissions levels, and this is understandable given the discussion around the impact they have on the environment. However, they should not only focus on direct emissions and energy use. Consideration must be given to the resourcing of products, their lifespan and the end of use processing of them.
Here, a crucial concept is to recognize the link between net zero emissions and net zero waste, a core part of our ethos at Agilyx. In short, what this means is rethinking how we create and use plastic products to scale up recycling from the 10% we see now, to 90% in the future.
The environmental difference between the use of virgin plastics and recycled plastics is substantial. In the case of Agilyx’s depolymerization technology, a recent life cycle analysis has shown a 75% CO2 emissions savings in comparison to the production of virgin raw materials and incineration.
Chemical recycling decreases the need to extract virgin resources from forests, oil reserves and mines to create new products and packaging. This in turn means that less energy is consumed in the manufacturing, transporting and packaging of products.
By treating plastic waste as the valuable commodity that it is and reusing it to make new, high-quality goods, we can not only stop it from littering our environment but save a huge amount of CO2emissions in the process. This action, as a part of a broader shift toward net zero emissions and combined with other creative solutions can help us build a more sustainable world.
