Agilyx subsidiary Cyclyx reaches investment milestone for its first Circularity Center

07 Dec 2023 16:20 CET

Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) announces that its subsidiary Cyclyx has
reached final investment decision (FID) for the first Cyclyx Circularity Center
(CCC) and together with partners ExxonMobil and LyondellBasell, have approved to
move forward into construction. The facility is designed to accept and process
plastics, currently going to U.S. landfills, for use in a range of recycling
technologies.

The facility will have the capacity to produce 136kta of plastic feedstock for
advanced and mechanical recycling. Cyclyx is sourcing a combination of
post-consumer, commercial, and industrial plastic waste of all kinds for the
CCC.

Leveraging Cyclyx’s proprietary technology, the CCC will accept, analyze, and
process a wider range of plastic waste than what is traditionally accepted,
including difficult-to-recycle plastics, such as food packaging, chip bags, and
bottle caps. Cyclyx’s technology has a comprehensive understanding of post-use
plastics’ complexity including polymer composition, additives, physical
properties, and manufacturing processes. This comprises the Cyclyx feedstock
database, which has been developed over 20 years, beginning at Agilyx.

Operations will create more than 100 jobs within the first CCC. Additional
positions are expected to be created off site as a result of the CCC
development, including in logistics and collection programs.

Cyclyx is exploring the development of additional CCCs across the U.S., with the
goal of increasing the recycling rate of plastics and potentially diverting
billions of pounds of plastic waste from landfills.

Enquiries
Louise Bryant, SVP Investor Relations and Sustainability
+44 7813 210 809
Louise.bryant@agilyx.com

Notes to editors
Cyclyx is a joint venture among Agilyx (50%), ExxonMobil (25%), and
LyondellBasell (25%). The FID decision comes seven weeks after announcing
LyondellBasell joining Cyclyx, which initially formed in December 2020.

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 molecular 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.

Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic innovation company
working with
industry participants to develop innovative recycling solutions for all types of
post-use plastics.
The company’s 10to90® mission brand is focused on increasing the recycling rate
of plastics from
10% to 90%. Cyclyx’s expertise in the chemical composition of post-use plastic,
in collaboration
with industry partners, creates a new, innovative supply chain. 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 Cyclyx.com.

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