PARIS, France and OSLO, Norway – June 3, 2021 – Technip Energies announced today the initiation of an agreement with Agilyx Corporation (“Agilyx”), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): (“AGLX”), and pioneer in the advanced recycling of post-use plastics. This collaboration aims to accelerate the implementation of Agilyx’s technology for the advanced recycling of post-use polystyrene. Under this agreement, Technip Energies will market and license the integrated technologies of Agilyx depolymerization and Technip Energies purification technology, leveraging the expertise, resources, and global presence of respective companies.
Both companies bring strong, specialized experience to this offering: Agilyx contributes its deep experience in chemical recycling of post-use plastics, while Technip Energies has extensive experience in scaling-up technology which will increase the plastic recovery.
Stan Knez, Chief Technology Officer of Technip Energies, stated “We are delighted to scale-up this sustainable process to market with Agilyx, providing a reliable circular economy technology for a major plastic used widely throughout the world.”
Tim Stedman, CEO of Agilyx, said: “We’re excited to be working with Technip Energies. This partnership further accelerates the deployment of polystyrene circularity in the market, broadening polystyrene recyclability.”
Agilyx’s proprietary advanced recycling technology converts post-use plastics back into their original chemical components such that they can be used to produce high-quality products that can be recycled indefinitely, without degradation.
Contacts
Annette Morgan
Senior Communications Manager, Technip Energies Process Technology
Tel: +1 281-249-2475
Kate Ringier
Vice President, Communications & Government Affairs, Agilyx
Tel: +41 788-227-770
Email: [email protected]
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
About Agilyx Corporation
Agilyx (AGLX) is an early leader in the advanced recycling of difficult-to-recycle post-use plastics. With Agilyx’s chemical recycling technology, mixed plastic waste or streams of discrete post-use plastics, such as polystyrene, can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products but has also developed a feedstock management company, Cyclyx International, Inc., and is partnering with a range of waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advanced recycling solutions for mixed waste plastics. www.agilyx.com.