Agilyx ASA and DerGrunePunkt GmbH sign MOU for sourcing of waste polystyrene feedstock for advanced recycling

10 Jun 2025 08:30 CEST

OSLO, Norway – June 10, 2025 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or
“the company”) announces it has executed an MOU with DerGrunePunkt, commonly
known as GreenDot. Under the collaboration, GreenDot, which processes over
300,000 tons per year of lightweight packaging, would supply waste polystyrene
feedstock to Agilyx´ Styrenyx plants for advanced recycling into styrene
monomer. GreenDot is to leverage its preferred access to plastic waste through
its leading position in Germany´s Extended Producer Responsibility (EPR) sector.


The initial efforts are anticipated to produce up to 20,000 tons per year of
customized plastic feedstock, suitable for applications targeted by Agilyx in
the European Economic Area (EEA). It is the intention of the collaboration to
prioritize supply of the recycled styrene monomer to brand owner customers of
GreenDot´s EPR business to help them in achieving the recycled content targets
of the newly implemented Packaging and Packaging Waste Regulation (PPWR).

Agilyx CEO Ranjeet Bhatia commented:
“We are very pleased with this agreement and the synergy between GreenDot, an
early mover in the European advanced recycling feedstock industry, and our
Styrenyx plants, the industry´s first commercial solution for scalable recycling
of waste polystyrene. We are excited to take this important step to establish a
cost-effective, stable, and long-term sourcing partnership with GreenDot.”

DerGrunePunkt CEO Laurent Auguste commented:
“We have unique access to high volumes of waste plastic through our existing
programs, and the expertise and capacity to produce advanced recycling
feedstock. We are pleased to collaborate with Agilyx to increase the recycling
rates of polystyrene. Along with our rPE and rPP offering, providing our
existing global brand customers with access to recycled polystyrene helps close
the loop on their packaging needs”.

ABOUT AGILYX

Agilyx ASA is at the forefront of advanced recycling, converting post-use
plastics into high-value feedstock and virgin-equivalent products. Through
Cyclyx, its joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx
supports the collection and processing of post-use plastic waste into
custom-formulated, high-quality feedstock solutions for global plastic
producers. Through Plastyx, its joint venture with Circular Resources (40%),
Agilyx provides critical European-sourced feedstock to the global mechanical and
advanced recycling markets. Additionally, Agilyx markets TruStyrenyx, a
polystyrene advanced recycling solution that combines its Styrenyx
depolymerization technology with Technip Energies' purification process. By
advancing from a linear "make-take-waste" model to a circular economy, Agilyx
supports the transition to a low-carbon future.

CONTACT:
investors@agilyx.com

Learn more at www.agilyx.com

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