Agilyx´s Styrenyx Technology Reduces Carbon Footprint in Styrene Manufacturing Up To 86%

Rhea-AI Summary

Agilyx ASA (AGXXF) has announced significant carbon emission reductions in styrene manufacturing through its proprietary Styrenyx technology. A study by Sphera Solutions reveals that Agilyx's process reduces carbon equivalent emissions by 38% using average grid electricity and 86% using wind electricity compared to conventional fossil-based styrene production.

The study, conducted under ISO 14067:2019-02 standards, is undergoing independent review expected to complete in Q2 2025. An Agilyx facility producing 18,000 metric tons of styrene annually with grid electricity could reduce CO2 emissions by ~15,000 metric tons compared to conventional methods, equivalent to removing 3,500 gasoline cars annually.

With global styrene production projected to reach 16.75 million tonnes by 2026, implementing Styrenyx for 10% of this volume could equate to removing 325,000 gasoline cars from the road annually.

Positive

• Significant carbon emission reduction technology validated by third-party study (38-86% reduction)
• Technology ready for commercial implementation in large-scale styrene production
• Potential for substantial market impact in 16.75M tonne global styrene market

Negative

• Third-party validation still pending completion in Q2 2025
• Results based on study not yet independently verified

OSLO, Norway, March 20, 2025 /PRNewswire/ -- Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) ("Agilyx" or "the company") announces that production of styrene via Styrenyx, its proprietary polystyrene recycling technology, significantly reduces carbon equivalent emissions compared to producing styrene from fossil resources. 

To better assess the carbon footprint of our advanced recycling, post-consumer waste circular styrene production, Agilyx commissioned Sphera Solutions, Inc. to perform a cradle-to-gate product carbon footprint (PCF) and compare results to conventional production of styrene from fossil resources. Results indicate that Agilyx's process lowers carbon equivalent emissions by 38% using average grid electricity and 86% using wind electricity as compared to conventional styrene made from fossil resources.  The study has been conducted according to the requirements of the International Organization for Standardization (ISO) 14067:2019-02 (ISO, 2019) and is currently undergoing independent critical review by 3rd party expert, in accordance with ISO/TS 14071:2014 (ISO, 2024). The expert review is expected to be complete in Q2 2025. 

For context, these results indicate that an Agilyx facility producing 18,000 metric tons of styrene annually and powered by grid electricity could reduce the equivalent of ~15,000 metric tons of CO2 emissions compared to conventional styrene. This is equivalent to removing ~3,500 gasoline cars off the road for a year (~6.4 million litres /1.7 million gallons of gasoline) or the amount of CO2 sequestered by 245,000 tree seedlings over a decade (US EPA, 2024). Global production of styrene is projected to reach 16.75 million tonnes by 2026. If 10% of this volume were produced using Styrenyx, it would be the equivalent to removing 325,000 gasoline cars from the road annually.   

"We are extremely encouraged by these results and remain committed to further reducing our carbon footprint" said Chris Faulkner, Chief Technology Officer of Agilyx. "By leveraging sustainable energy sources and innovative recycling technologies, we will reduce global carbon emissions and help solve the plastic waste challenge." 

About Agilyx 

Agilyx ASA is at the forefront of plastic waste recycling, enabling the conversion of challenging post-use plastics into high-value, virgin-equivalent products. Recognizing that availability of high-quality custom feedstock is critical for scaling recycling processes, Agilyx, through its Cyclyx joint venture, provides tailored feedstock solutions to global plastic producers. In addition, Agilyx leverages its Styrenyx technology platform and T.EN's purification technology to market TruStyrenyx - a full polymer-to-monomer advanced recycling solution for polystyrene. By advancing from a linear "make-take-waste" model to a sustainable circular economy, Agilyx supports the transition to a low-carbon future. Our adaptable approach ensures bespoke solutions, leveraging extensive IP and feedstock expertise to meet diverse customer needs. For more information, visit Agilyx's corporate website www.agilyx.com

For investor inquiries contact: communications@agilyx.com 

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SOURCE Agilyx

FAQ

How much can Agilyx's Styrenyx technology reduce carbon emissions in styrene production?

Styrenyx reduces carbon emissions by 38% using grid electricity and up to 86% using wind electricity compared to conventional styrene production.

What is the potential environmental impact of AGXXF's Styrenyx technology at scale?

If 10% of projected 2026 global styrene production (16.75M tonnes) used Styrenyx, it would equate to removing 325,000 gasoline cars from roads annually.

When will the independent review of AGXXF's carbon footprint study be completed?

The third-party expert review is expected to be completed in Q2 2025.

What is the CO2 reduction potential of a single Agilyx Styrenyx facility?

An 18,000-metric-ton facility using grid electricity can reduce CO2 emissions by ~15,000 metric tons annually, equivalent to removing 3,500 gasoline cars.