AGILYX ASA OSLO, Norway -June 3, 2024 -Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) ("Agilyx " or "the company"), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, is proud to announce that its depolymerization technology was successfully demonstrated during commissioning ofToyo Styrene's 10 ton-per-day chemical recycling facility inJapan . The recycling plant will convert post-use polystyrene into a styrene monomer enabled byAgilyx depolymerization technology. The styrene monomer will then be converted back into high value polystyrene products which bear a significantly lower carbon footprint than similar products made with virgin monomer. Construction of the facility was completed inMarch 2024 , at which time the commissioning process began. Last week, polystyrene was successfully depolymerized and converted to on-specification product during commissioning. TheToyo Styrene plant showcases the latest generation ofAgilyx's technology. "The successful production of on-spec product during the commissioning process at Toyo's facility is an exciting milestone," statedRuss Main , interim CEO forAgilyx . "This achievement demonstrates the efficacy ofAgilyx's technology and brings us one step closer to project completion on the first polystyrene chemical recycling facility inJapan ."Agilyx and Toyo will continue to partner and optimize the facility over the next few months. ABOUTAGILYX Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste,Agilyx is uniquely positioned with a chemical recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes.Agilyx was the first to establish a commercial-scale waste polystyrene chemical recycling facility via pyrolysis enabling closed loop polystyrene plastic-to-plastic and holds 20 patents.Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com, subscribe to our newsletter or follow us on Linkedin.
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