Agilyx — Regulatory Filings 2021

Dec 15, 2021

Agilyx AS (AGLX) - Cyclyx developing first of its kind specialized high volume plastic recovery facility on Gulf Coast to support advanced recycling

Agilyx AS (AGLX) - Cyclyx developing first of its kind specialized high volume plastic recovery facility on Gulf Coast to support advanced recycling

PORTSMOUTH, New Hampshire, USA, December 15, 2021 – Cyclyx International, a consortium-based plastic feedstock management company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced it is developing a first of its kind plastic recovery facility to process waste plastics for committed offtake associated with advanced recycling projects on the Gulf Coast, such as the Baytown, Texas project recently announced by ExxonMobil.

Engineering work has already begun on the proposed facility. The facility is expected to process up to 60,000 metric tons of recycled plastic feedstock per year with an anticipated start-up in late 2022. Cyclyx plans to develop a network of similar facilities, linked to committed offtake, to support growth in advanced recycling.

With its unique knowledge of plastic chemical characterizations, Cyclyx is designing the proposed facility to allow for processing of waste plastic feedstock customized to meet the needs of individual customer specifications. Cyclyx will source post-use mixed waste plastic for the project via a range of existing sources while continuing to expand its collaboration with companies from across the value chain to develop circular solutions for difficult-to-recycle plastic waste.

“We are excited to launch this phase of the Company’s growth strategy,” stated Joe Vaillancourt, CEO of Cyclyx. “The development of these customized plastics recovery facilities is critical in meeting the growing needs of advanced recyclers and is a big step forward toward our mission of helping increase the plastic recycling rate from 10% to 90%.”

The project will be funded by partners to be announced at a later date.

About Cyclyx International, LLC.

Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock management company working with a broad set of industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to 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.

Contacts

Kate Ringier

VP, Communications & Government Affairs

+ 41 43 883 0396

kate.ringier@agilyx.com