Agilyx — Environmental & Social Information 2021

Jul 6, 2021

Agilyx AS (AGLX) - Chevron Phillips Chemical Joins Cyclyx as Founding Member

Agilyx AS (AGLX) - Chevron Phillips Chemical Joins Cyclyx as Founding Member

• Aligned to mid-term volume target of 550,000 to 800,000 tons per annum

• New membership will contribute to the Cyclyx mission of increasing recycling rates from 10% to 90%

PORTSMOUTH, New Hampshire, USA, July 6, 2021 – Cyclyx International, a consortium feedstock management joint venture founded by Agilyx and ExxonMobil, announced today that Chevron Phillips Chemical Company LLC (CP Chem), has joined Cyclyx as a founding member.

CPChem is a leading chemical company and at the forefront of cultivating a circular economy for plastics. The company has announced plans for an annual production volume of 1 billion pounds (500,000 tons) of its ISCC PLUS certified Marlex® Anew™ Circular Polyethylene by 2030.

As a member of the consortium, CP Chem joins a growing list of companies including Agilyx, AmSty, Braskem, ExxonMobil, and North American Plastics, that are helping to lead the way to build a more sustainable future for plastics. As a Cyclyx member, CP Chem will have access to services that provide plastic users throughout the value-chain with third-party audited, circular, end of life pathways for their products through innovations including chemical characterization of plastics and predictive modelling of feedstock sources to product pathways, custom feedstock recipes, and customized supply chains.

As part of their membership, CP Chem will extend its learnings and expertise in building a circular economy for its products. In addition, CP Chem will take an active role in helping Cyclyx build out its programs by having Ron Abbott, sustainability technology manager at Chevron Phillips Chemical, serve on the Cyclyx executive advisory board.

About Chevron Phillips Chemical Company LLC:

Chevron Phillips Chemical Company LLC is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, the LLC and its affiliates own nearly $17 billion in assets, including 31 manufacturing and research facilities in seven countries. Chevron Phillips Chemical Company LLC is equally owned indirectly by Chevron U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter: @chevronphillips.

About Cyclyx International, LLC.

Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help increase the recycling rate of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. 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 www.cyclyx.com.

About Agilyx

Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx's chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, LLC, and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop recycling solutions for mixed waste plastics. www.agilyx.com.

Contacts:

Cyclyx

Kate Ringier

VP, Communications & Government Affairs

+41 78 822 7770

kate.ringier@agilyx.com