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Agilyx Joint Venture, Plastyx Ltd, reaches 75% of 2025 goal

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Agilyx's joint venture Plastyx Ltd has achieved 75% of its 2025 target by securing MOUs for 150,000 metric tons of waste plastic, against a goal of 200,000 metric tons. The company is projected to exceed its target by double, supporting advanced recycling growth through strategic partnerships. Agilyx operates through multiple ventures including Cyclyx (joint venture with ExxonMobil and LyondellBasell) for post-use plastic waste processing, and markets TruStyrenyx for polystyrene recycling. The company's mission focuses on transitioning from linear waste models to circular economy solutions, contributing to a low-carbon future through advanced recycling technologies and high-quality feedstock production for global plastic manufacturers.
La joint venture di Agilyx, Plastyx Ltd, ha raggiunto il 75% del suo obiettivo per il 2025, assicurandosi protocolli d'intesa per 150.000 tonnellate metriche di plastica di scarto, su un target di 200.000 tonnellate metriche. Si prevede che l'azienda supererà il proprio obiettivo di oltre il doppio, sostenendo la crescita del riciclo avanzato attraverso partnership strategiche. Agilyx opera tramite diverse joint venture, tra cui Cyclyx (joint venture con ExxonMobil e LyondellBasell) per il trattamento della plastica post-consumo, e commercializza TruStyrenyx per il riciclo del polistirene. La missione dell'azienda è incentrata sulla transizione dai modelli lineari di gestione dei rifiuti a soluzioni di economia circolare, contribuendo a un futuro a basse emissioni di carbonio grazie a tecnologie di riciclo avanzate e alla produzione di materie prime di alta qualità per i produttori globali di plastica.
La empresa conjunta de Agilyx, Plastyx Ltd, ha alcanzado el 75% de su objetivo para 2025 al asegurar memorandos de entendimiento para 150,000 toneladas métricas de plástico residual, frente a una meta de 200,000 toneladas métricas. Se proyecta que la compañía superará su objetivo por el doble, apoyando el crecimiento del reciclaje avanzado mediante alianzas estratégicas. Agilyx opera a través de varias empresas conjuntas, incluyendo Cyclyx (empresa conjunta con ExxonMobil y LyondellBasell) para el procesamiento de residuos plásticos postuso, y comercializa TruStyrenyx para el reciclaje de poliestireno. La misión de la empresa se centra en la transición de modelos lineales de residuos a soluciones de economía circular, contribuyendo a un futuro bajo en carbono mediante tecnologías avanzadas de reciclaje y la producción de materias primas de alta calidad para fabricantes globales de plástico.
Agilyx의 합작회사 Plastyx Ltd는 2025년 목표의 75%에 해당하는 15만 미터톤의 폐플라스틱에 대한 양해각서(MOU)를 확보하여 20만 미터톤 목표를 달성하고 있습니다. 회사는 전략적 파트너십을 통해 첨단 재활용 성장을 지원하며 목표를 두 배 이상 초과 달성할 것으로 예상됩니다. Agilyx는 ExxonMobil 및 LyondellBasell과의 합작회사인 Cyclyx를 포함해 여러 벤처를 통해 사용 후 플라스틱 폐기물 처리를 수행하며, 폴리스티렌 재활용을 위한 TruStyrenyx를 시장에 제공합니다. 회사의 사명은 선형 폐기물 모델에서 순환 경제 솔루션으로 전환하는 데 중점을 두고 있으며, 첨단 재활용 기술과 고품질 원료 생산을 통해 저탄소 미래에 기여하고 있습니다.
La coentreprise d'Agilyx, Plastyx Ltd, a atteint 75 % de son objectif 2025 en sécurisant des protocoles d'accord pour 150 000 tonnes métriques de déchets plastiques, contre un objectif de 200 000 tonnes métriques. L'entreprise devrait dépasser son objectif de plus du double, soutenant la croissance du recyclage avancé grâce à des partenariats stratégiques. Agilyx opère via plusieurs coentreprises, dont Cyclyx (coentreprise avec ExxonMobil et LyondellBasell) pour le traitement des déchets plastiques post-consommation, et commercialise TruStyrenyx pour le recyclage du polystyrène. La mission de l'entreprise se concentre sur la transition des modèles linéaires de gestion des déchets vers des solutions d'économie circulaire, contribuant à un avenir bas carbone grâce à des technologies de recyclage avancées et à la production de matières premières de haute qualité pour les fabricants mondiaux de plastique.
Das Joint Venture von Agilyx, Plastyx Ltd, hat 75 % seines Ziels für 2025 erreicht, indem es Absichtserklärungen für 150.000 Tonnen Kunststoffabfälle gesichert hat, bei einem Ziel von 200.000 Tonnen. Das Unternehmen wird voraussichtlich sein Ziel mehr als verdoppeln und unterstützt das Wachstum des fortschrittlichen Recyclings durch strategische Partnerschaften. Agilyx ist über mehrere Joint Ventures tätig, darunter Cyclyx (Joint Venture mit ExxonMobil und LyondellBasell) für die Verarbeitung von Kunststoffabfällen nach Gebrauch, und vermarktet TruStyrenyx für das Recycling von Polystyrol. Die Mission des Unternehmens konzentriert sich auf den Übergang von linearen Abfallmodellen zu Kreislaufwirtschaftslösungen und trägt durch fortschrittliche Recyclingtechnologien und die Produktion hochwertiger Rohstoffe für globale Kunststoffhersteller zu einer kohlenstoffarmen Zukunft bei.
Positive
  • Plastyx has already secured MOUs for 150,000 metric tons, achieving 75% of its 2025 target ahead of schedule
  • Company is projected to double its initial target of 200,000 metric tons
  • Strategic partnerships with major industry players like ExxonMobil and LyondellBasell through Cyclyx joint venture
  • Diversified business model with multiple joint ventures and recycling solutions
Negative
  • None.

OSLO, Norway, June 3, 2025 /PRNewswire/ -- Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) announces its venture Plastyx Ltd. has reached 75% of its near-term objective to source and execute MOUs for 200,000 metric tons of waste plastic by the end of 2025. As of today, it has executed MOUs for 150,000 tons.

At this rate, Plastyx is likely to double its target and help advanced recycling growth by developing partnerships and material processing capabilities to ensure a reliable supply of high-quality polymers for food-grade and other high-performance packaging applications.

Agilyx ASA is at the forefront of advanced recycling, converting post-use plastics into high-value feedstock and virgin-equivalent products. Through Cyclyx, its joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Through Plastyx, its joint venture with Circular Resources (40%), Agilyx provides critical European-sourced feedstock to the global mechanical and advanced recycling markets. Additionally, Agilyx markets TruStyrenyx, a polystyrene advanced recycling solution that combines its Styrenyx depolymerization technology with Technip Energies' purification process. By advancing from a linear "make-take-waste" model to a circular economy, Agilyx advances the transition to a low-carbon future.

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SOURCE Agilyx

FAQ

What percentage of its 2025 goal has Agilyx's Plastyx Ltd achieved?

Plastyx Ltd has achieved 75% of its 2025 goal, securing MOUs for 150,000 metric tons of waste plastic against a target of 200,000 metric tons.

Who are Agilyx's major joint venture partners?

Agilyx has joint ventures with ExxonMobil (25%) and LyondellBasell (25%) through Cyclyx, and with Circular Resources (40%) through Plastyx.

What is AGXXF's TruStyrenyx technology?

TruStyrenyx is a polystyrene advanced recycling solution that combines Agilyx's Styrenyx depolymerization technology with Technip Energies' purification process.

How many metric tons of waste plastic has Plastyx secured through MOUs?

Plastyx has secured MOUs for 150,000 metric tons of waste plastic.

What is the main business focus of Agilyx (AGXXF)?

Agilyx focuses on advanced recycling, converting post-use plastics into high-value feedstock and virgin-equivalent products for the circular economy.
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