Agilyx ASA announces progress on Toyo Styrene chemical recycling facility powered by Agilyx technology - Project remains on schedule for commissioning in the first quarter of 2024

15 Aug 2023 07:30 CEST

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, announced today that it is continuing
to make exciting progress on its project with Toyo Styrene to create the first
polystyrene chemical recycling facility in Japan.

Following successful US factory acceptance testing in May of the equipment
modules that will power Toyo Styrene’s plant and their shipment to Japan, the
Agilyx and Toyo teams have worked together to complete site preparation and
reassembly of the 10 ton per day system. The project remains on track to
complete the commissioning process in the first quarter of 2024. Pictures of the
facility can be found on the company’s
blog(https://www.agilyx.com/progress-update-on-toyo-styrene-chemical-recycling-f
acility-powered-by-agilyx-technology/).

ABOUT AGILYX
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 or follow us on Linkedin.

CONTACTS
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
louise.bryant@agilyx.com

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