Agilyx´s Styrenyx Technology Reduces Carbon Footprint in Styrene Manufacturing Up To 86%

20 Mar 2025 08:30 CET

OSLO, Norway – March 20th, 2025 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx”
or “the company”) announces that production of styrene via Styrenyx, its
proprietary polystyrene recycling technology, significantly reduces carbon
equivalent emissions compared to producing styrene from fossil resources.

To better assess the carbon footprint of our advanced recycling, post-consumer
waste circular styrene production, Agilyx commissioned Sphera Solutions, Inc. to
perform a cradle-to-gate product carbon footprint (PCF) and compare results to
conventional production of styrene from fossil resources. Results indicate that
Agilyx’s process lowers carbon equivalent emissions by 38% using average grid
electricity and 86% using wind electricity as compared to conventional styrene
made from fossil resources. The study has been conducted according to the
requirements of the International Organization for Standardization (ISO)
14067:2019-02 (ISO, 2019) and is currently undergoing independent critical
review by 3rd party expert, in accordance with ISO/TS 14071:2014 (ISO, 2024).
The expert review is expected to be complete in Q2 2025.

For context, these results indicate that an Agilyx facility producing 18,000
metric tons of styrene annually and powered by grid electricity could reduce the
equivalent of ~15,000metric tons of CO2 emissions compared to conventional
styrene. This is equivalent to removing ~3,500 gasoline cars off the road for a
year (~6.4 million litres /1.7 million gallons of gasoline) or the amount of CO2
sequestered by 245,000 tree seedlings over a decade (US EPA, 2024). Global
production of styrene is projected to reach 16.75 million tonnes by 2026. If 10%
of this volume were produced using Styrenyx, it would be the equivalent to
removing 325,000 gasoline cars from the road annually.

“We are extremely encouraged by these results and remain committed to further
reducing our carbon footprint” said Chris Faulkner, Chief Technology Officer of
Agilyx. “By leveraging sustainable energy sources and innovative recycling
technologies, we will reduce global carbon emissions and help solve the plastic
waste challenge.”

About Agilyx

Agilyx ASA is at the forefront of plastic waste recycling, enabling the
conversion of challenging post-use plastics into high-value, virgin-equivalent
products. Recognizing that availability of high-quality custom feedstock is
critical for scaling recycling processes, Agilyx, through its Cyclyx joint
venture, provides tailored feedstock solutions to global plastic producers. In
addition, Agilyx leverages its Styrenyx technology platform and T.EN’s
purification technology to market TruStyrenyx - a full polymer-to-monomer
advanced recycling solution for polystyrene. By advancing from a linear
"make-take-waste" model to a sustainable circular economy, Agilyx supports the
transition to a low-carbon future. Our adaptable approach ensures bespoke
solutions, leveraging extensive IP and feedstock expertise to meet diverse
customer needs. For more information, visit Agilyx’s corporate website
www.agilyx.com

For investor inquiries contact: investors@agilyx.com

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