#Norway #Oslo #Agilyx #Plastyx #Carlos Monreal

Agilyx Launches Plastyx Ltd.

Agilyx ASA, a pioneer in advanced recycling technology, has recently launched a new venture, Plastyx Ltd., aimed at addressing the growing demand for high-quality feedstock in the European advanced plastic recycling industry. This exciting development comes through a partnership with industry leader Carlos Monreal, who will take on the role of chairman for the new company.

Plastyx Ltd. will operate as a 60-40 joint venture between Agilyx ASA and Circular Resources SARL. This collaboration aims to position Plastyx as a leading supplier of feedstock in Europe, which is crucial as the market for advanced plastic recycling continues to expand. Despite the increasing industrial adoption of advanced recycling processes, the sector has faced challenges due to inconsistent access to high-quality feedstock, which is essential for producing premium recycling outputs.

The primary objective of Plastyx is to develop strategic partnerships and enhance material processing capabilities to ensure a steady supply of high-quality polymers. These polymers will serve various applications, including food-grade and other high-performance packaging solutions. Carlos Monreal expressed his enthusiasm about this new venture, stating, "I am excited to start this new phase. After developing advanced recycling facilities as chairman and CEO of Plastic Energy and investing in recycling collection programs through my investment in GreenDot, the natural, next step is to focus on feedstock sourcing. Partnering with Agilyx provides a unique opportunity to scale our joint vision."

Agilyx's Chief Executive Officer, Ranjeet Bhatia, added that the intention behind launching Plastyx is to build an international sourcing platform that aligns with Agilyx's interests and supports the overarching goals of their collaborative projects. He emphasized Monreal's expertise within the advanced recycling industry, highlighting the potential of linking Cyclyx’s top-tier feedstock management capabilities with Plastyx's initiatives.

With an ambitious plan, Plastyx aims to secure agreements for sourcing 200,000 metric tons of waste plastic by the end of 2025. This step not only underlines the need for consistent, quality feedstock but also supports Agilyx’s broader vision for sustainability in the recycling sector.

As the company moves forward, it promises to play a pivotal role in reshaping the recycling landscape in Europe, driving innovation, and contributing positively to the environment by facilitating the effective reuse of plastics.

For continuous updates and additional information, you can visit the official websites of Agilyx and Plastyx. Investors looking for sustainable options will find Agilyx's innovative solutions particularly appealing in today’s eco-conscious market.

This launch represents a significant stride towards integrating advanced recycling methods in Europe, ensuring that quality feedstock is readily available as the demand for sustainable packaging solutions continues to grow.