Agilyx — Regulatory Filings 2021

Mar 1, 2021

Agilyx AS (AGLX) – Agilyx JV partner ExxonMobil announces completion of initial testing of advanced plastic recycling in which Cyclyx is sourcing waste plastic

Agilyx AS (AGLX) – Agilyx JV partner ExxonMobil announces completion of initial testing of advanced plastic recycling in which Cyclyx is sourcing waste plastic

Oslo, Norway, March 1, 2021 – In December 2020, Agilyx announced the formation of a Joint Venture with ExxonMobil through which ExxonMobil becomes a partner with a 25 percent ownership stake in the feed stock management company Cyclyx. As part of the agreement, Cyclyx is sourcing large volumes of waste plastic to ExxonMobil’s recycling facilities globally.

In a recent press release (https://exxonmobil.co/3bIX31x) ExxonMobil announced the completion of the initial phase of a plant trial of a proprietary advanced recycling process to convert plastic waste into raw materials for production of high-value polymers. The trials are taking place at ExxonMobil’s facilities at Baytown in Texas, and Cyclyx is already sourcing waste plastics to the facility.

ExxonMobil states that it is the intention to use results from the Baytown trial to scale-up advanced recycling capabilities at other global facilities, targeting a circular solution for converting difficult-to-recycle plastic waste into feedstock for virgin-quality plastic.

“We are delighted to see that our partner ExxonMobil is making progress in establishing their advanced plastics recycling processes, and we are happy to be part of this through our Cyclyx partnership. We are all working to address the issue of plastics waste, and it is great that a petrochemical major like ExxonMobil is fully engaging in advanced recycling,” said CEO of Agilyx Tim Stedman.

Contact person: Kate Ringier Vice President, Communications & Government Affairs Agilyx

Phone: +41 78 822 7770

Email: kate.ringier@agilyx.com

Website: www.agilyx.com

About Agilyx

Agilyx (AGLX), is a pioneer in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx's chemical recycling technology and intelligent feedstock management system, mixed plastic waste 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, Inc. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advance recycling solutions for mixed waste plastics.

Contact us to have your plastic waste streams recycled at info@agilyx.com.

For more information, follow us on social media and visit us at www.agilyx.com.