Agilyx AS (AGLX) - Agilyx and Toyo Styrene Progress Development of Advanced Recycling Facility - Nearing Completion of Development Phase

 

OSLO, Norway, January 25, 2021 - Agilyx Corporation (AGLX), a wholly owned
subsidiary of Agilyx AS (Euronext Growth (Oslo): "AGLX") and a leader in
advanced recycling, and Toyo Styrene Co., LTD ("Toyo Styrene"), an affiliate of
Denka Company Limited announced today further progress towards the development
of an advanced recycling facility in Chiba, Japan. Agilyx and Toyo Styrene have
now reached 60% completion of design development (FEL3). This follows the
announcement on December 1, 2020 of 30% completion of the final phase of the
Front-End Loading ("FEL") design development (FEL3). Design development is the
final stage in pre-project planning, which precedes construction. 

The planned facility will deploy Agilyx advanced recycling technology to recycle
post-use polystyrene plastic back into its original building block, styrene
monomer. The facility will process up to 10 tons per day of post-industrial and
post-consumer polystyrene. The project is on target to meet its goal of
commencing operations in early 2022. 


About Agilyx 

Agilyx (AGLX), is a pioneer in the advanced recycling of difficult-to-recycle
post-use plastic streams. With Agilyx's chemical recycling technology and
intelligent feedstock management system, mixed plastic waste 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 working with many waste
service providers, municipalities, petrochemical, and brand and retail companies
to develop closed-loop advance recycling solutions for mixed waste plastics.
Contact us to have your plastic waste streams recycled at info@agilyx.com. For
more information, follow us on social media and visit us at www.agilyx.com.

About Toyo Styrene

In 1999, Toyo Styrene was established as a carve-out of the polystyrene
businesses of Denki Kagaku Kogyo Kabushiki Kaisha (currently: Denka Co., Ltd.),
Nippon Steel Chemical Co., Ltd. (currently: NIPPON STEEL Chemical & Material
Co., Ltd.), and Daicel Chemical Co. (currently: Daicel Corporation). Since then,
Toyo Styrene has focused on developing new high-performance polystyrene grades
to meet customer needs. For more information, follow us on social media and
visit us at www.toyo-st.co.jp.


Contacts:
Agilyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com