We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Agilyx and ExxonMobil establish a joint venture to supply plastics recycling

GO CIRCULAR

Agilyx and ExxonMobil establish a joint venture to supply plastics recycling

Agilyx Corp., Tigard, Oregon, a wholly owned subsidiary of Oslo, Norway-based Agilyx AS, has partnered with ExxonMobil to form Cyclyx International LLC. Cyclyx’s goal is to provide the supply chain transformation needed to enable advanced recycling on a large scale. Recycling Today reports.

Cyclyx’s aim is to “transform the current supply chain and help accelerate the growth of the advanced recycling industry by connecting companies looking for plastic waste solutions with customers engaged in recycling initiatives,” according to a news release issued by Agilyx.

In the summer of last year, Agilyx announced that Cyclyx International Inc. had signed a licensing agreement with Boston-based General Electric (GE) to use its artificial intelligence technology (AI) to jointly develop a set of AI tools to improve recycling options for end-of-life plastics through Cyclyx’s customized demand approach, thereby increasing the recyclability of this material.

This is a significant milestone for Agilyx and Cyclyx as it marks the beginning of an entirely new approach to plastic waste recovery. Our mission at Agilyx is clear—to help solve the issue of plastic waste.

Tim Stedman, Chief Executive Officer, Agilyx

The Cyclyx International LLC joint venture combines Agilyx’s experience in converting end-of-life plastics through its pyrolysis process with Spring, Texas-based ExxonMobil’s technology expertise and large-scale petrochemical manufacturing network. As part of the agreement, Cyclyx will help supply plastic feedstocks for ExxonMobil’s advanced recycling projects.

We see Cyclyx as helping to fill an important missing link in the plastics recycling value chain that is needed for advanced recycling solutions to scale. We share society’s concern about plastic waste, and our new joint venture is an important step in our efforts to develop advanced recycling technologies and approaches to help meet demand for certified circular polymers.

Karen McKee, President, ExxonMobil Chemical Co.

In addition to supplying plastic waste to Agilyx’s customers and ExxonMobil, Cyclyx also aims to supply other customers with feedstock solutions for a wide range of recycling initiatives.

Cyclyx is looking for member companies including retailers, brand owners, waste management companies, petrochemical companies, municipalities and others looking for solutions to address plastic waste in the environment.

Relevant news

BLACK SEA
OIL & GAS
Romgaz has submitted a bid for taking over ExxonMobil Black Sea assets
Romgaz submitted, on the last day of March, a binding offer for the acquisition of 100% of ExxonMobil interests in Neptun Block.
GO CIRCULAR
Plastic Energy collaborates with ExxonMobil on advanced recycling project in France
Plastic Energy is collaborating with ExxonMobil on an advanced recycling project in France.
BLACK SEA
OIL & GAS
Romgaz to bid for Exxon’s stake in Neptun Deep within two weeks
Romania's Government has deferred amending the Offshore Law until Romgaz takes over the 50% stake in Neptun Deep.
GO CIRCULAR
Agilyx announces partnership with NextChem
The scope of the partnership, in its first phase, is to develop a series of chemical recycling projects for third parties. The initial focus will be on two already identified projects, one in Europe and one in South America.
BLACK SEA
OIL & GAS
Romgaz to bid for ExxonMobil’s stake in Black Sea project within two months
Romanian state-owned natural gas company Romgaz (SNG) will submit a bid for the 50% stake held by US group ExxonMobil in the Black Sea.
GO CIRCULAR
Challenges in the plastics recycling supply chain
Circular economy virtual talks series. Interview with Christine Levêque, the Independent Expert at ADVINSS.