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

Rhea-AI Summary

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.

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.

CONTACT:

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Contact us:
investors@agilyx.com 
contact@plastyx.com 

Learn more at:
www.agilyx.com 
www.plastyx.com 

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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.