Agilyx (OSE: AGLX; OTCQX: AGXXF) is today providing a third quarter trading update.
Jan Secher, Chairman said: “This year is turning out to be pivotal in the Group’s development. The recent announcement of $135m investment into Cyclyx significantly derisks that part of the business and sets it up to accelerate growth; we are very excited about the prospect that it presents given that access to feedstock is now widely understood to be the limiting factor in plastic recycling. Our Toyo Styrene project is nearing completion with our team due to start commissioning work in Japan shortly; we expect the plant to be commissioned in the first quarter of next year, a major milestone for the company. As we look forward, we continue to see opportunities with our TryStyrenyx partnership, and expect the first Cyclyx Circularity Center to commence construction in the new year; 2024 will be another busy year.”
The full statement and presentation are attached.
Conference call
A webcast presentation (in English) will be held for analysts and investors today at 8:00am (CET) hosted by Jan Secher, Chairman and Russ Main, CFO.
The event will be held on Microsoft Teams with viewers able to ask questions at the end of the presentation.
Dial in: www.microsoft.com/en-gb/microsoft-teams/join-a-meeting?rtc=1
Meeting ID: 233 607 093 761
Passcode: AACaQY
A recording of the presentation will be available after the event on our website at www.agilyx.com/investors/reports-presentations/.
Enquiries
Louise Bryant, SVP Investor Relations & Sustainability
+44 7813 210 809
Louise.bryant@agilyx.com