AI assistant
Agilyx Investor Presentation 2021
3523_rns_2021-03-08_ddb2e302-4a42-4ec7-9003-d9edc227e046.pdf
Investor Presentation
Open in viewerOpens in your device viewer
Driving Circularity: Plastics as a Renewable Resource
Tim Stedman, CEO
March 2021
Making plastic a circular resource
This presentation (the "Presentation") has been prepared by Agilyx AS, a Norwegian private limited company with its shares admitted to trading on Euronext Growth (Oslo) under the ticker "AGLX" (the "Company"). In this Presentation, references to the "Company", "Group", "we", "our", "us", or similar terms refer to Agilyx AS and its consolidated subsidiaries, except where context otherwise requires.
This Presentation has been prepared for information purposes only, and does not constitute or form part of, and should not be construed as, any offer, invitation or recommendation to purchase, sell or subscribe for any securities in any jurisdiction and neither the issue of the information nor anything contained herein shall form the basis of or be relied upon in connection with, or act as an inducement to enter into, any investment activity. This presentation does not purport to contain all of the information that may be required to evaluate any investment in the Company or any of its securities and should not be relied upon to form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This presentation is intended to present background information on the Company, its business and the industry in which it operates and is not intended to provide complete disclosure upon which an investment decision could be made.
This Presentation is furnished by the Company, and it is expressly noted that no representation or warranty, express or implied, as to the accuracy or completeness of any information included herein is given by the Company. The contents of this Presentation are not to be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice. Generally, any investment in the Company should be considered as a high-risk investment.
Unless otherwise stated, the Company is the source for information included in this Presentation. Information provided on the market environment, developments, trends and on the competitive situation is based on data and reports prepared by third parties and/or the Company based on its own information and information derived from such third-party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data.
This Presentation is current as of 26 February 2021. Neither the delivery of this Presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. This Presentation contains several forward-looking statements, including statements relating to the business of the Company and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development.
The distribution of this Presentation by the Company in certain jurisdictions may be restricted by law. Accordingly, this Presentation may not be distributed or published in any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations.. This Presentation does not constitute an offer of, or an invitation to purchase, any securities.
THE COMPANY´S SHARES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER U.S. SECURITIES ACT OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION IN THE UNITED STATES, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, OR TO OR FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS.
This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of Norwegian courts with Oslo District Court as first venue.
Important information
Agilyx Snapshot
Founded 2004
Number of employees
70+
16 years of technology development:
7 technologies released
- Exxon •
- Braskem •
- Lucite
- Toyo •
- AmSty •
•
Switzerland
Norway
Leader in Advanced Recycling
First commercial closed loop plastic to plastic facility
Understanding characterization & applicability of feedstock… …is a key competence to optimize plastic-to-plastic conversion
Cyclyx Sophisticated Plastic management Agilyx Plastic-to-plastic conversion technology
- Product flexibility
- Enhance throughput
- Maximize yield
- Optimize chemistry
- Product consistency
- Contamination control
We solve two of the main challenges: used plastics sourcing and the chemical recycling
Our technology powers the world's plastics recycling
Customer demand driven through custom developed feedstock
Cyclyx transforms waste plastic into a recyclable resource
Plastic has transformed modern life …but plastic waste is a problem that needs to be solved now!
Mechanical vs. Chemical recycling
As less than 100% is recycled, mechanical recycling requires virgin plastic in the pathway.
FOSSIL FUELS
HIGH VALUE
PLASTIC
LOWER VALUE PLASTIC
New regulatory requirements drive a growing need for chemical recycling
Walmart to use at least 20% postconsumer recycled content in all private brand packaging by 2025
By 2030, all IKEA products and packaging materials will be based on renewable and/or recycled materials
Nestle to purchase USD 1.6bn (2 million metric tons) of recycled plastic through 2025, invest USD 260m in sustainable packaging startups
By 2025, Unilever plans to use at 25% of recycled plastic in its packaging
By 2025, Coca-Cola aims to source 50% of its plastic bottles from recycled content
Collaboration with Agilyx to explore Advanced Recycling Project in NA
REQUIRING ACTIONS BY PLASTIC MAJORS
Toyo Styrene licenses Agilyx technology for Japanese market
Americas Styrenics forms Regenyx joint venture with Agilyx
ExxonMobil & Agilyx form JV to supply plastics recycling industry
| REGULATORY FRAMEWORK FAVORING RECYCLING | ACTIONS ARE TAKEN BY MAJORS (CPGS) | ||
|---|---|---|---|
| EU | Target set for 50% recycling rate for plastic packaging by 2025 (up from 30% now) and 55% by 2030 EU plastic recycling volumes can no longer be sent to China (China "National Sword" policy) |
Nestle to purchase USD 1.6bn through 2025, invest USD 260m in sustainable packaging startups |
|
| 2018 EU strategy for Plastics in a Circular Economy: by 2030 sorting and recycling capacity in EU has increased four-fold (10 million tonnes of recycled plastics) |
recycled plastic in its packaging | ||
| New plastic tax of EUR 800 / tonnes effective from January 2021 |
|||
| UK | Plastic Packaging Tax on all plastic packaging that does not contain at least 30% recycled content RECOVER ACT calls for \$500 million in recycling |
materials will be based on renewable and/or recycled materials |
|
| US | infrastructure grants Break Free From Plastics Pollution Act aims to phase out single-use plastics |
Walmart to use at least 20% post brand packaging by 2025 |
A consortium of sector leaders that have committed \$1.5 billion to address the collection and recycling deficiencies of waste plastics
Note: Publicly available information
Repsol to recycle the equivalent of 20% of their total polyolefin production by 2030.
Source: 1) Company estimates ; 2) European Commission: https://www.consilium.europa.eu/media/45109/210720-euco-final-conclusions-en.pdf
EU VISION FOR A CIRCULAR PLASTICS ECONOMY(2)
By 2030, sorting and recycling capacity has increased fourfold since 2015, spread all across Europe
By 2030, more than half of plastics waste generated in Europe is recycled
By 2030, all plastics packaging placed on the EU market is either reusable or can be recycled in a costeffective manner
~800x plants
CASE EXAMPLE: EU: 100% RECYCLED PLASTIC PACKAGING BY 2030
- EU plastic packaging market estimated at 20.4 million tonnes annually (2018)
- All plastic packaging either reused or recycled by 2030
- Equivalent to more than ~800x plants of 100 tonnes/day
By 2025, 10 million tonnes of recycled plastics to be used in new products on the EU market
Significant ramp-up of market demand needed to meet ambitious EU targets
Extending historical pace of, technology scaling and infrastructure build increases volumes of unmanaged plastics waste.
Acceleration of collection rates, infrastructure and technology to scale beyond current pace needed to meet targets.
Significant scaling of recycling needed to close the demand gap
How can we align infrastructure towards circularity?
Plastic is not one single material. In fact, plastics are composed of a great variety of chemical substrates, tailored for thousands of specific uses.
This complexity makes re-using plastics extremely challenging.
Plastic chemistry is complex
Thermosets
Thermo plastics
Traditionally, the variability, complexity, and unknown composition of post-use plastics has made them unsuitable for making new, highquality products.
If we can consistently characterize the chemistry of post-use plastics, we open the possibility of processing them to new plastics feedstocks.
New products require high-quality feedstocks with predictable chemical profiles.
Post-use plastics
Products
Adhesives Bunker Fuel Chemicals Coatings Diesel Dyes Explosives Foams Paint Plastics Power Resins Synthetic Crude Synthetic Rubber
| Base Feedstocks | Basic Chemicals |
|---|---|
| Butane Condensate Ethane Naphtha Natural Gas Propane |
Ammonia Aromatics Benzene Butadiene Butylene Ethylene Methanol Propylene Toluene Xylene |
Chemical intermediaries
Acrylonitrile Ethylene Glycol Glycerin Isobutylene Styrene …and others
Pathways from feedstock to product
Technical Expertise
Consortium Approach
We collaborate with partners to bring innovative solutions to increase plastic recovery and redirect plastic waste into circular pathways