Agilyx Launches Plastyx Ltd. to Source and Supply Feedstock for the European Advanced Plastic Recycling Industry

24 Mar 2025 08:30 CET

OSLO, Norway – March 24th, 2025 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx”
or “the company”) announces the launch of Plastyx Ltd. in collaboration with
Carlos Monreal. Plastyx aims to be Europe’s leading feedstock supplier to the
advanced plastic recycling market. Plastyx Ltd. is a 60:40 joint venture between
Agilyx and Circular Resources SARL. Mr. Monreal will serve as Chairman.

While advanced plastic recycling technologies are scaling industrially and
complementing mechanical recycling, the industry’s growth remains constrained by
the availability of consistent, high-quality feedstock. Plastyx is designed to
bridge this gap by developing partnerships and material processing capabilities
to ensure a reliable supply of high-quality polymers for food-grade and other
high-performance packaging applications. The company´s near-term objective is to
source and execute MOUs for 200,000 metric tons of waste plastic by the end of
2025.

"I am excited to start this new phase. After developing advanced recycling
facilities as chairman and CEO of Plastic Energy and investing in recycling
collection programs through my investment in GreenDot, the natural, next step is
to focus on feedstock sourcing. Partnering with Agilyx provides a unique
opportunity to scale our joint vision,” said Carlos Monreal.

“Agilyx is committed to building an international sourcing platform to support
our interests in Cyclyx,” added Ranjeet Bhatia, Chief Executive Officer of
Agilyx. "Carlos is a leader in our field and has unparalleled understanding of
the advanced recycling industry. By linking Cyclyx's industry-leading feedstock
management capabilities with Plastyx, through Agilyx's shared ownership
interest, we are launching an exciting first mover in this critical market
segment.”

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 and Plastyx
joint ventures, 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.

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