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Agilyx — Regulatory Filings 2021
May 21, 2021
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Regulatory Filings
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Agilyx AS (AGLX) - Agilyx Joint Venture, Cyclyx International, Welcomes North American Plastics as New Member
Agilyx AS (AGLX) - Agilyx Joint Venture, Cyclyx International, Welcomes North American Plastics as New Member
New membership builds momentum to further increase feedstock recovery and underlines mid-term targets set by Agilyx
PORTSMOUTH, New Hampshire, USA, May 21, 2021 – Cyclyx International, a consortium feedstock management joint venture founded by Agilyx and ExxonMobil, announced today that North American Plastics, a family of leading brands in plastics distribution, has become a member of the Cyclyx consortium.
As a member of the consortium, North American Plastics joins an impressive group of companies that are leading the way in building a more sustainable future for plastics. Member companies have access to Cyclyx’s 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. These innovations and North American Plastics’ commitment to help drive more plastics being recovered at end of use is an exciting combination.
“Working together with Cyclyx allows NAP to further its already industry-leading recycling initiatives,” stated Tim Bolton, vice president of sales at North American Plastics. “We could not be happier to be a partner within this consortium. We look forward to being stewards for both our customers and suppliers with the goal of enhanced repurposement of resin-based substrates.”
“We’re thrilled to have North American Plastics as a Cyclyx member,” stated Joe Vaillancourt, CEO of Cyclyx. “Their collection of brands represent the largest geographic footprint of plastics distribution in the plastics industry today which can be leveraged to increase global plastic recycling. North American Plastics’ membership exemplifies the vital collaborations required to drive post-use plastic recycling from 10% to 90%.”
About North American Plastics
North American Plastics, a collection of the industry's top leading brands in plastics distribution, is comprised of 120+ locations across North America and offers the largest geographic footprint in the plastics industry today. With each of the 20 brands operating independently, they offer a wide range of value-added services, product lines from the most trusted manufacturers in the industry, and localized customer service.
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.
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 increase the recyclability of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of waste 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:
Cyclyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
North American Plastics
Kim Imes
Director of Marketing