Agilyx — Regulatory Filings 2021

Oct 12, 2021

Agilyx AS (AGLX) - Agilyx Reinforces Mid-Term Targets for Cyclyx, ExxonMobil Accelerating and Increasing Volumes for 2025/2026

Agilyx AS (AGLX) - Agilyx Reinforces Mid-Term Targets for Cyclyx, ExxonMobil Accelerating and Increasing Volumes for 2025/2026

Oslo, October 12, 2021 - Following yesterday’s announcement from ExxonMobil stating the company’s plans to build its first large-scale plastic waste advanced recycling facility in Baytown, Texas with expected start of operations by year-end 2022 and to develop 500,000 metrics tons of capacity by end 2026 across multiple sites, Agilyx is reinforcing its mid-term target for its Cyclyx joint venture with ExxonMobil.

Previously communicated from Cyclyx was an expectation of Exxon targeting 300,000 tons in 2025, but this is now increased to 500,000 tons by 2025/2026.

ExxonMobil is one of many members recently announced that will contribute to Cyclyx total volumes. Agilyx is reconfirming its mid-term volume targets for Cyclyx of 550,000 to 800,000 tons per annum and following today’s announcement will be assessing a revised increased target range.

As communicated in ExxonMobil’s Press Release, Cyclyx will help supply ExxonMobil’s advanced recycling projects. As a joint venture between Agilyx and ExxonMobil, Cyclyx is focused on sourcing, aggregating, and pre-processing large volumes of plastic waste that can be converted into feedstocks for valuable products.

Please see the following URL for the ExxonMobil press release: https://corporate.exxonmobil.com/News/Newsroom/News-releases/2021/1011_ExxonMobil-to-build-its-first-large-scale-plastic-waste-advanced-recycling-facility

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.

Contact:

Kate Ringier Agilyx VP, Communications & Government Affairs

+41 43 883 0396

kate.ringier@agilyx.com