Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) announces that its subsidiary Cyclyx has reached final investment decision (FID) for the first Cyclyx Circularity Center (CCC) and together with partners ExxonMobil and LyondellBasell, have approved to move forward into construction. The facility is designed to accept and process plastics, currently going to U.S. landfills, for use in a range of recycling technologies.
The facility will have the capacity to produce 136kta of plastic feedstock for advanced and mechanical recycling. Cyclyx is sourcing a combination of post-consumer, commercial, and industrial plastic waste of all kinds for the CCC.
Leveraging Cyclyx’s proprietary technology, the CCC will accept, analyze, and process a wider range of plastic waste than what is traditionally accepted, including difficult-to-recycle plastics, such as food packaging, chip bags, and bottle caps. Cyclyx’s technology has a comprehensive understanding of post-use plastics’ complexity including polymer composition, additives, physical properties, and manufacturing processes. This comprises the Cyclyx feedstock database, which has been developed over 20 years, beginning at Agilyx.
Operations will create more than 100 jobs within the first CCC. Additional positions are expected to be created off site as a result of the CCC development, including in logistics and collection programs.
Cyclyx is exploring the development of additional CCCs across the U.S., with the goal of increasing the recycling rate of plastics and potentially diverting billions of pounds of plastic waste from landfills.
Enquiries
Louise Bryant, SVP Investor Relations and Sustainability
+44 7813 210 809
Louise.bryant@agilyx.com
Notes to editors
Cyclyx is a joint venture among Agilyx (50%), ExxonMobil (25%), and LyondellBasell (25%). The FID decision comes seven weeks after announcing LyondellBasell joining Cyclyx, which initially formed in December 2020.
Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a molecular recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial-scale waste polystyrene chemical recycling facility via pyrolysis enabling closed-loop polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com.
Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic innovation company working with
industry participants to develop innovative recycling solutions for all types of post-use plastics.
The company’s 10to90® mission brand is focused on increasing the recycling rate of plastics from
10% to 90%. Cyclyx’s expertise in the chemical composition of post-use plastic, in collaboration
with industry partners, creates a new, innovative supply chain. 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 Cyclyx.com.