OSLO, Norway - June 3, 2025 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF) ("Agilyx" or
"the company") announces its venture Plastyx Ltd has reached 75% of its
near-term objective to source and execute MOUs for 200,000 metric tons of waste
plastic by the end of 2025. As of today, it has executed MOUs for 150,000 tons.
At this rate, Plastyx is likely to double its target and help advanced recycling
growth 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.
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
advances the transition to a low-carbon future.
CONTACT:
investors@agilyx.com
contact@plastyx.com
Learn more at www.agilyx.com and www.plastyx.com