Appointment underlines commitment to transform the plastic recycling supply chain
PORTSMOUTH, New Hampshire, USA, March 19, 2021 – Cyclyx International, a feedstock management company co-founded by Agilyx Corporation and ExxonMobil, announced today the appointment of Kevin Paine as Vice President of Finance – Business Partner. Mr. Paine joined Cyclyx on March 1 and will support the growth of the organization through strategic and business development efforts.
In his new role, Mr. Paine will bring his in-depth knowledge of the waste management sector to develop strategic growth and business development opportunities. Mr. Paine will also work to increase membership of the consortium-based organization from the whole spectrum of stakeholders in the plastic recycling industry. He will collaborate with partners to develop recycling solutions for all types of plastic waste.
“We are excited to welcome Kevin, who brings nearly 30 years of experience in waste management, to the team. Kevin’s expertise will be integral to advancing the growth of the organisation whose ultimate aim is to increase the recyclability of plastics,” stated Joe Vaillancourt, Cyclyx CEO.
Mr. Paine brings a multifaceted knowledge of the waste management sector. Mr. Paine joins Cyclyx from Waste Management (WM) where he most recently served as Director of Operations Analysis for WM’s organics recycling business. Mr. Paine previously held management roles focused on both consumer-facing and waste-to-value businesses, including plastics-to-oil and municipal waste-to-fuel conversion technologies.
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.
Contacts:
Kate Ringier
VP, Communications & Government Affairs +41 78 822 7770
kate.ringier@agilyx.com
Glossary
A primer to the recycling industry and the Agilyx ecosystem
Glossary
Advanced recycling
Advanced recycling – also known as chemical, molecular or feedstock recycling – refers to the sophisticated technologies used to convert post-use plastics (polymers) back to their original chemical building blocks (monomers) for continued reuse. As the only recycling process that makes plastic a circular resource, advanced recycling is critical to solving the problem of plastic waste and enabling the world’s transition to a low-carbon economy.
Circular economy
The circular economy describes a more sustainable economic system that is based on the “reduce-reuse-recycle” principle. Unlike the “take-make-waste” linear economy, circularity is considered essential to addressing climate change, better managing the world’s resources and achieving the UN Sustainable Development Goals.
EPR
EPR stands for Extended Producer Responsibility and is an environmental policy approach where a producer is responsible for the entire life cycle of its product, from creation to disposal, in order to meet legal obligations. Under EPR, producers are responsible for designing products with materials that have the lowest possible environmental impact and are optimized for recycling. The producer is also responsible for the post-use collection and treatment of its products with a focus on recycling
ESG
This abbreviation stands for the range of environmental, social and governance criteria used to evaluate the sustainability performance of a company or business and determine its level of financial risk. ESG factors play an increasingly important role for investors in both the public and private markets.
Feedstock
A feedstock is a single and uniform raw material that is used to drive an industrial process or act as fuel. Post-use plastic feedstocks can be used to create virgin-equivalent plastic, as well as plastic intermediates or other valued low-carbon products.
ISCC PLUS Certification
This independent and internationally recognized certification system, used to verify the allocation of recycled content in a manufacturer’s product, was developed by the International Sustainability & Carbon Certification. ISCC PLUS certification ensures a company’s compliance with sustainability and traceability requirements along the supply chain.
Mass balance
In short, mass balance is used to calculate and confirm the recycled content in a given product. It enables the tracking of recycled material throughout the industrial process, allowing the manufacturer or brand owner to claim how much of the final product can be attributed to recycled content. Third-party certification by recognized institutions, such as the ISCC, is critical in determining the accuracy of mass balance claims.
Mechanical recycling
According to Plastics Europe, mechanical recycling refers to the processing of plastics waste into secondary raw material or products without significantly changing the chemical structure of the material. Because the plastic is downgraded into lower-quality plastic with each cycle, it eventually winds up in landfills or the environment, and is therefore not circular.
Pathway
The pathway is the general term used to describe a more sustainable use of post-use plastic, rather than disposal in landfills or the environment. Agilyx has created commercial plastic-to-plastic pathways for polystyrene, with others underway.
Plastic-to-plastic recycling
This process involves using advanced recycling technology to break post-use plastic down into its original chemical components, which are fed back into the manufacturing process to create new, equally recyclable plastics. At a commercial scale, plastic-to-plastic recycling is the only way to turn plastic into a circular resource and exponentially increase global recycling rates.
Plastic intermediate
Plastic or chemical intermediates refer to base products that require additional steps prior to use in the production of new plastics. They do not include the direct monomers needed to produce new polymers.
Post-use plastics
Post-use plastics – also called post-consumer or waste plastics – are the used plastic products that are collected as part of waste management systems. They are either recycled or disposed of, winding up in landfills or the environment.
Pyrolysis
Pyrolysis describes the process of using heat to decompose materials and change their chemical composition. Agilyx uses an IP-protected pyrolysis technology which, in the absence of oxygen, breaks down the polymer chains without combustion (and its associated by-products).
Styrene monomer
A raw material used to create numerous plastic products and synthetic rubber. Agilyx uses an IP-protected pyrolysis technology to break down the polymer chains of multiple types of post-consumer plastics back into its original styrene building block enabling the recycling into new products again and again.
Our commitment
Work towards a sustainable future
We are committed to help solve the problem of plastic waste. Our solutions can aid the transition to a circular economy for plastics and to a lower-carbon future.
Divert plastics from landfills and create a circular economy
Through Cyclyx, our joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the development and implementation of innovative plastic waste solutions that divert plastics from landfills and the environment and reintroduce them to the economy as valuable, premium feedstock for recycling technologies.
Our advanced recycling technology can promote circularity and reduce carbon-equivalent emissions
Styrenyx, Agilyx’s advanced recycling technology, can reduce carbon equivalent emissions for styrene production by up to 86% compared to fossil-based production. This recycling technology plays a fundamental role in reducing our customers’ environmental impact, supporting business model changes and enabling plastic circularity.
Styrenyx, Agilyx’s advanced recycling technology, can reduce carbon equivalent emissions for styrene production by up to 86% compared to fossil-based production. This recycling technology plays a fundamental role in reducing our customers’ environmental impact, supporting business model changes and enabling plastic circularity.
Continuously work toward sustainability
We are constantly evaluating and integrating our sustainable practices as an essential part of our company climate roadmap.
Technology design
Continuous, measurable improvement
in carbon reduction potential
Collaboration
Cascading sustainable business practices with the companies we work with
Engineering
Joint carbon management programs with
customers and value chain
Active contribution to the UN Sustainable Development Goals
By transforming plastic from a linear to a circular model, Agilyx actively contributes to five of the 17 UN Sustainable Development Goals and indirectly contributes to two more.
#8 DECENT WORK AND ECONOMIC GROWTH
Through our initiatives and joint ventures, Agilyx supports valuable “green jobs” that are helping shape a better future for our economy and our world.
#9 INDUSTRY, INNOVATION AND INFRASTRUCTURE
Through investments in innovative recycling solutions and infrastructure, Agilyx is working to make post-use plastic management systems more circular and recover the value of plastic over and over again.
#11 SUSTAINABLE CITIES AND COMMUNITIES
Cyclyx engages with waste management authorities and municipalities, advocating for greater investment in recycling infrastructure.
#12 RESPONSIBLE CONSUMPTION AND PRODUCTION
Agilyx directly supports reducing waste generation through prevention, reduction, recycling and reuse.
#13 CLIMATE ACTION
Advanced technologies like Styrenyx reduce society’s reliance on fossil fuels and support the transition to a lower carbon future. Plastics made from recycled feedstock have a lower greenhouse gas footprint than traditional plastics made from below ground fossil sources, such as oil and natural gas.
Agilyx has identified two additional SDGs that our value chain partners support through the adoption of Agilyx technology, enabling more circular and sustainable pathways:
#14 LIFE BELOW WATER
Diverting plastic waste from landfills and to feedstock processing facilities contributes to this goal by reducing plastic pollution in our oceans and waterways.
#15 LIFE ON LAND
Agilyx is enabling efforts to reduce plastic pollution on land by supporting the creation of pathways to divert plastic waste from landfills and into feedstock processing facilities, promoting a circular economy with lower CO2 emissions.
Dr. Faulkner has over 20 years of technical and organizational expertise in engineering, technology, analytics and administration, delivering innovative technology, products and operating assets to market. He has held engineering, scientist and management positions in the renewable energy and chemicals industry sectors with a focus on sustainability and stewardship. Dr. Faulkner has a proven track record of commercializing innovations and successful project management. He is an inventor of novel polymer composite materials and has led the certification and commercialization of the international product launch of a 5 kWe combined heat and power fuel cell system.
Dr. Faulkner brings technical, commercialization, innovation, project management and business acumen to the advancement of the Agilyx Solutions platform of superior materials management and chemical recycling. Dr. Faulkner holds a B.S. in Chemical Engineering from the University of South Florida and a doctorate in Chemical Engineering from Vanderbilt University.
Investors
From feedstock management to advanced recycling technology, Agilyx invests in solutions across the value chain that help shift our world from a linear, “make-take-waste” economy, to a more sustainable “retrieve-restore-recycle” one. Agilyx is committed to help solve the crisis of plastic waste and support the transition to a low-carbon future by making plastic a truly circular resource.
Analyst Coverage
Discover analysts monitoring our performance
General Meeting
Minutes and notices from our general meetings
Investor Relations
Our team is here to help
Share Information
Shares trading on the Oslo Stock Exchange and OTCQX Best Market
Corporate Governance
Our foundation for financial integrity and sustainable performance
Financial Calendar
Key dates for the financial calendar
Top Shareholders
The top 20 Agilyx ASA shareholders by shares, country, and history
Our Mission
Use innovative technology for good and help solve the problem of plastic waste
Big problems require BIG SOLUTIONS
While we agree that plastic waste is a huge global challenge, its recycling rates are currently less than 10%. This is due to outdated industry infrastructure and management processes that result in the majority of plastics ending up in landfills, incinerators and, worst of all, the environment.
This must change.
Agilyx’s investments support innovations that help recover the value of plastic waste
Implementing recycling solutions reclaims plastic’s value and gives it a new, circular life. By expanding the range of recyclable plastics and increasing waste collection, sorting, and processing, we can enable plastic circularity. Our goal is to play a crucial role in recovering the value of “above-ground” hydrocarbons and accelerate the transition to a lower-carbon economy.
Locations
office
The Agilyx Research Center and Headquarters
7370 SW Durham Road
Tigard, OR, 97224
office
European Office
plant
Toyo Styrene’s Polystyrene Recycling Facility – Employing Styrenyx
Chiba, Japan
Cyclyx Circularity Center 1
Houston, Texas
Under Construction
Cyclyx Circularity Center 2
Dallas, Fort-Worth, Texas
Under construction
Commitment to collaboration
No one can solve this enormous problem alone. As we tackle the complex challenges of managing plastic waste across the value chain, the need for collaboration has never been greater. By fostering a synergetic working environment with our employees, partners, customers, and communities, together we can drive this much needed change!
A primer to the recycling industry and the Agilyx ecosystem
The recycling industry is full of challenges and opportunities. From feedstock supply to advanced recycling technology, opportunities to create value are there. This quick primer breaks down the basics and explains how Agilyx fits into the picture. From sourcing plastics to converting them into high-quality materials, explore how our ecosystem is helping drive real progress and value in plastic circularity.
INNOVATORS FROM THE START
Driven by technology, expertise and purpose
Sustainable by design
Agilyx was founded in 2004 to help solve a pressing global issue: plastic waste.
We have since driven innovative solutions across the value chain by launching joint ventures Cyclyx and Plastyx to scale the production of high-quality feedstock, developing our advanced recycling technology for polystyrene waste, Styrenyx, and reimagining business models to accelerate global change.
2025
The Agilyx Research Center (the ARC) is open for operation. Our state-of-the-art R&D lab is dedicated to developing sustainable solutions for plastic waste that support the move towards plastic circularity.
2025
Agilyx launches Plastyx Ltd. to source and supply feedstock for the European advanced plastic recycling industry
2024
Powered by Styrenyx, Agilyx’s proprietary depolymerization technology, Japan’s largest advanced recycling facility for polystyrene waste is operational.
2022
Agilyx listed on the main list of the Oslo Stock Exchange.
2022
Agilyx and Technip Energies’ launch TruStyrenyx, an all-in-one technology platform for the advanced recycling of polystyrene.
2021
Cyclyx International, a post-use plastic-to-feedstock innovator, is launched with ExxonMobil as a joint venture partner.
2020
Agilyx listed on the Merkur Market, part of the Oslo Stock Exchange (now EuroNext Growth).
ISCC PLUS certification received for fully circular pathway for polystyrene recycling.
2013-2014
TSCA registration received from US EPA for Agilyx Synthetic Crude Oil (ASCO), and 8 million pounds of mixed waste plastics are processed.
2010-2012
Generation 4 and 5 technology released and business grows to commercial deployment.
2007-2008
Generation 2 and 3 technology released.
2006
Development of Generation 1 technology and oil production breakthrough.
2004
Agilyx founded in Longview, Washington (US) as Plas2Fuel.
Discover our solutions
PORTSMOUTH, New Hampshire, USA, February 4, 2021 ─ Cyclyx International, LLC (“Cyclyx”), a post-use plastic feedstock management company, today announced several key appointments to its executive team to advance its innovative consortia-based recycling platform. Rick Cochrane has been named Senior Vice President, Strategy and Business Development and Lauren Etlinger joins Cyclyx as General Counsel. These new appointments will further strengthen the Cyclyx team as it scales its mission to increase the recyclability of plastic.
Mr. Cochrane joins Cyclyx from Continuus Materials LLC where he was Senior Vice President of Business Development. During his time at Continuus, Mr. Cochrane managed and developed key business partnerships for the company. Prior to Continuus, Mr. Cochrane was CEO and COO, respectively, of two private-equity owned businesses, the former specializing in plastic products manufacturing and the latter in electronics recycling. Mr. Cochrane also worked for nine years at Waste Management (WM). During his time at WM he served in a variety of management positions, including in WM’s Organic Growth Group where he was responsible for developing growth strategies for new waste to value businesses. Mr. Cochrane holds a B.S. in Chemical Engineering from Vanderbilt University.
Lauren Etlinger joins Cyclyx from ExxonMobil Corporation. At ExxonMobil, Ms. Etlinger provided legal counsel to the ExxonMobil Fuels and Lubricants Company, including gasoline and feedstock supply coordination, products, crude and gasoline logistics optimization, sales and marketing. Prior to joining ExxonMobil, Ms. Etlinger practiced law at the international law firm of Norton Rose Fulbright, focusing on business litigation, compliance matters and internal investigations. Ms. Etlinger began her legal career as a Law Clerk to the Honorable Marcia Crone in U.S. District Court for the Eastern District of Texas.
“We are excited to add Rick and Lauren to our team,” said Joe Vaillancourt, President of Cyclyx. “Rick’s experience in waste-based feedstocks will be invaluable in executing our strategic priorities and expanding key business partnerships which lie at the core of the organization’s future growth. Lauren brings extensive legal expertise in the industry, including feedstock supply management critical to implementing new supply chain strategies for plastic recycling. I look forward to working with Rick and Lauren.”
Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
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.
PORTSMOUTH, New Hampshire, USA, February 4, 2021 ─ Cyclyx International, LLC (“Cyclyx”), a post-use plastic feedstock management company, today announced several key appointments to its executive team to advance its innovative consortia-based recycling platform. Rick Cochrane has been named Senior Vice President, Strategy and Business Development and Lauren Etlinger joins Cyclyx as General Counsel. These new appointments will further strengthen the Cyclyx team as it scales its mission to increase the recyclability of plastic.
Mr. Cochrane joins Cyclyx from Continuus Materials LLC where he was Senior Vice President of Business Development. During his time at Continuus, Mr. Cochrane managed and developed key business partnerships for the company. Prior to Continuus, Mr. Cochrane was CEO and COO, respectively, of two private-equity owned businesses, the former specializing in plastic products manufacturing and the latter in electronics recycling. Mr. Cochrane also worked for nine years at Waste Management (WM). During his time at WM he served in a variety of management positions, including in WM’s Organic Growth Group where he was responsible for developing growth strategies for new waste to value businesses. Mr. Cochrane holds a B.S. in Chemical Engineering from Vanderbilt University.
Lauren Etlinger joins Cyclyx from ExxonMobil Corporation. At ExxonMobil, Ms. Etlinger provided legal counsel to the ExxonMobil Fuels and Lubricants Company, including gasoline and feedstock supply coordination, products, crude and gasoline logistics optimization, sales and marketing. Prior to joining ExxonMobil, Ms. Etlinger practiced law at the international law firm of Norton Rose Fulbright, focusing on business litigation, compliance matters and internal investigations. Ms. Etlinger began her legal career as a Law Clerk to the Honorable Marcia Crone in U.S. District Court for the Eastern District of Texas.
“We are excited to add Rick and Lauren to our team,” said Joe Vaillancourt, President of Cyclyx. “Rick’s experience in waste-based feedstocks will be invaluable in executing our strategic priorities and expanding key business partnerships which lie at the core of the organization’s future growth. Lauren brings extensive legal expertise in the industry, including feedstock supply management critical to implementing new supply chain strategies for plastic recycling. I look forward to working with Rick and Lauren.”
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
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.
- Carolyn Clarke appointed Board Advisory Consultant
- Agilyx to nominate Ms. Clarke for election to its Board of Directors at Annual General Meeting
Oslo, Norway, February 1, 2021 ─ Agilyx AS (Euronext Growth (Oslo): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today the appointment of Carolyn Clarke as a Board Advisory Consultant, effective February 1, 2021. Agilyx intends to nominate Ms. Clarke for election to its board of directors as well as Audit Committee Chair at its Annual General Meeting on May 13, 2021.
Ms. Clarke is a seasoned executive in finance, accounting, risk management and governance. She is the founder and CEO of Brave Consultancy, a management consulting firm that provides innovative solutions, enabling organizations to navigate risk. Ms. Clarke will join Agilyx initially as an independent board consultant, advising on strategic considerations, particularly as it relates to the company’s audit process.
Before founding Brave Consultancy, Ms. Clarke was the Head of Audit, Risk and Control at Centrica, where she transformed the audit function to be recognized as one of the Leading Audit teams by the Institute of Internal Auditors. Prior to this, Ms. Clarke spent almost twenty years with PwC and seven years as a partner. While acting as PwC’s Country Managing Partner in Mongolia, Ms. Clarke established the first global professional services firm in the country, leading the provision of audit, tax, capital markets, transactions, and advisory services. She was presented with an award for the Best International Company in Mongolia by the Business Council in 2012.
Ms. Clarke currently holds several Board positions; she is the Chair of the Board of Care International UK and a member of the Global Council of Care International. Ms. Clarke also serves as non-executive director and is a member of the Audit Committee at Starling Bank. Until recently, Ms. Clarke was the Vice-Chair of the Institute of Business Ethics.
Tim Stedman, CEO of Agilyx said: “I am delighted to welcome Carolyn to Agilyx. Carolyn’s wealth of experience as an auditor and advisor to a wide range of multinational organizations, including within the energy industry, will be vital as Agilyx continues to grow.”
Ms. Clarke said: “I am excited to be joining Agilyx at such a critical time as we seek a greener and more sustainable future. Agilyx has an important role to play in creating a future where waste plastics and polymers can become a valuable renewable resource. I am pleased to bring my audit, risk and financial experience to support the company and its growth.”
Ms. Clarke holds a bachelor’s degree in Accounting and Finance from Newcastle University. Ms. Clarke is a member and fellow of the Institute of Chartered Accountants in England and Wales, as well as a member of the Chartered Institute of Internal Auditors.
Contacts
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.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, LLC. 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.
Beatriz Malo de Molina named new Agilyx CFO
Russell Main to join Cyclyx International, LLC. as CFO
OSLO, Norway December 15, 2020 ─ Agilyx AS (Euronext Growth (Oslo): (“AGLX”), a pioneer in the advanced recycling of post-use plastics, announced today the appointment of Beatriz Malo de Molina as Chief Financial Officer (CFO), effective January 4, 2021.
Ms. Malo de Molina will succeed current CFO Russell Main, who will be transitioning to CFO of Agilyx’s recently established feedstock management company, Cyclyx International, LLC. (“Cyclyx”).
Ms. Malo de Molina brings to Agilyx a seasoned career in investment banking, private equity, and consulting. She most recently served as Senior Vice President, Head of Mergers & Acquisitions with Orkla ASA. Prior to this role, she held several management and operational roles with Kistefos Private Equity, McKinsey & Co., Inc. in Norway, and internationally with the Goldman Sachs Group, Inc., as well as Ernst & Young. Ms. Malo de Molina currently serves on the board of directors for Nel ASA, a global supplier of hydrogen technology.
“I am pleased to welcome Beatriz to our management team,” said Tim Stedman, Chief Executive Officer at Agilyx. “Beatriz brings a distinguished career with a strong professional background in banking, strategy, and M&A. She will no doubt be integral in driving forward the success of our company.”
“I want to thank Russ for his tremendous leadership in the IPO effort and improving the support functions of our growing company and to his continued success as CFO of Cyclyx,” added Stedman.
Commenting on her position, Ms. Malo de Molina said, “I am thrilled to join Agilyx, and keen to work with such an accomplished international team in addressing the problem of post-use plastics. Agilyx is at the forefront of enabling waste plastic recycling at a commercial scale, with a view towards finding sustainable solutions for this pressing global issue.”
“I am delighted to welcome Russ to the Cyclyx leadership team and look forward to working with him to build out this organization,” said Joe Vaillancourt, President of Cyclyx. “Russ’s entrepreneurial spirit and public company finance experience will be instrumental in creating a solid financial and governance footprint to support the future growth of the company.”
A native of Madrid, Spain, Ms. Malo de Molina graduated from Georgetown University in Washington D.C., and holds a Master’s degree in Philosophy from the University of Oslo. Ms. Malo de Molina will continue to be based in Oslo, where she has been a resident since 2006.
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, LLC. 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.
Contacts
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
Tigard, OR, December 1, 2020, Agilyx Corporation (AGLX-ME), a pioneer in the advanced recycling of post-use plastics, and Toyo Styrene Co., LTD (“Toyo Styrene”), an affiliate of Denka Company Limited announced today the 30% completion of the final phase of the Front End Loading (“FEL”) design development (FEL3) to deploy the Agilyx technology near Toyo Styrene’s facility in the Chiba Prefecture of Japan.
The facility will focus on recycling post-use polystyrene plastic back to a styrene monomer. In April 2020, Agilyx announced the licensing of its technology to Toyo Styrene. This announcement marks a significant step forward toward the realization of a truly circular process.
“We are extremely proud of the work that members of Agilyx and Toyo have accomplished to get the project to this point,” said Tim Stedman, CEO of Agilyx. “This further solidifies the efforts going on at Agilyx to increase global plastic recycling through circular pathways. We are excited to provide our proven solution into the Asian Markets that will greatly improve recycled plastic content availability.”
“I am very satisfied with the progress of design development for this project. Despite the tough situation brought on by COVID-19 at the beginning of this year, the teams at both companies have been working hard, making the best of long-distance collaboration.” said Sanshiro Matsushita, President of Toyo Styrene.” There is a real need in Japan for Chemical Recycling of PS which the market is calling for, providing an ideal atmosphere for this project.”
The state-of-the-art advanced recycling facility is designed to convert up to 10 tons per day of post-industrial and post-consumer polystyrene into a styrene monomer that will be purified using Toyo Styrene’s proprietary purification process. Styrene monomer produced from this process has a significantly lower carbon footprint compared to virgin monomer. The facility is on target to meet the initial goal of commencing operations in early 2022.
About Agilyx
Agilyx (AGLX-ME), 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.
About Toyo Styrene
Toyo Styrene was established in April 1999 as a company of consolidated polystyrene business carved out from Denki Kagaku Kogyo Kabushiki Kaisha(Current: Denka Co., Ltd.), Nippon Steel Chemical Co., Ltd.(Current:NIPPON STEEL Chemical & Material Co., Ltd.),and Daicel Chemical Co.(Current:Daicel Corporation). Since then, Toyo Styrene has been developing constantly the new high performance grade for answering the needs of customers such asEX7, HMT1, GA, Eneryts and FR-PS as well. For more information, follow us on social media and visit us at www.toyo-st.co.jp.
Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com
Toyo Styrene
Hiroshi Higuchi, Executive Officer, the office manager, environmental measures promotion office, Toyo Styrene Co.,Ltd.
+81-3-3519-5602
h-higuchi@toyo-st.co.jp