OSLO, Norway and PHILADELPHIA, PA, December 16, 2020 - Agilyx Corporation, a
wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): ("AGLX"), a
pioneer in the advanced recycling of post-use plastics, and Braskem (B3: BRKM3,
BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in
the Americas and leading producer of biopolymers in the world, today announced
the initiation of a feasibility study to explore the development and
construction of an advanced plastics recycling project in North America. 

The project aims to examine an efficient pathway to produce polypropylene (PP)
using difficult-to-recycle mixed waste plastic, powered by Agilyx advanced
recycling technology. Mixed waste plastics for this project would be sourced
through Agilyx's feedstock management company, Cyclyx International, Inc. In
addition, this project is targeting circular PP with the necessary properties
for demanding customer applications such as food packaging, consumer, and
hygiene products.

Mark Nikolich, CEO of Braskem America, stated, "As the North American leader in
polypropylene, Braskem is committed to evolving its feedstock portfolio to
leverage more sustainable input sources and is currently evaluating various
supply agreements and innovative projects to drive this shift. Our collaboration
with Agilyx is just the most recent example of Braskem's efforts to more
holistically address the limited availability of propylene feedstock derived
from post-use plastic in the market today. Looking forward, Braskem intends to
explore direct investment options as needed to help accelerate this transition
to more circular and sustainable feedstock and production technologies."

"We are pleased to partner with Braskem to advance this project forward and to
expand the market for post-use recycled plastic," said Tim Stedman, CEO of
Agilyx. "Agilyx has a proven technology leadership and track record in
converting hard-to-recycle plastic.  This collaboration targets a new product
pathway for Agilyx, converting mixed waste plastic into the chemical building
blocks used to produce polypropylene."

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 Braskem
Braskem is strongly committed to a world where nothing is wasted and everything
is transformed. Recently, Braskem announced its new commitment to a Carbon
Neutral Circular Economy, with clearly stated targets for growing their I'm
greenTM recycled products portfolio to sales of 300,000 tons by 2025 and 1
million tons by 2030.  Also, earlier this year Braskem became a founding member
and funding partner of the Polypropylene Recycling Coalition, an initiative of
The Recycling Partnership with a focus on increasing U.S. curbside recycling
access for polypropylene and ensuring PP is widely recovered and reused. Braskem
is also a founding member of the Alliance to End Plastic Waste.  

To learn more about Braskem's commitment to a carbon neutral circular economy
visit:
https://www.braskem.com/usa/news-detail/braskem-affirms-commitment-to-circular-e
conomy-and-to-achieve-carbon-neutrality-by-2050.

FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are
statements that are not historical facts, and are based on our management's
current view and estimates of future economic and other circumstances, industry
conditions, company performance and financial results, including Braskem's
commitments to sustainability. The words "commits," "anticipates," "believes,"
"estimates," "expects," "plans" and similar expressions, as they relate to the
company, are intended to identify forward-looking statements. Statements
regarding the implementation of operating, financing and other strategies and
capital expenditure plans, the direction of future operations and the factors or
trends affecting our financial condition, liquidity or results of operations are
examples of forward-looking statements. Such statements reflect the current
views of our management and are subject to a number of risks and uncertainties,
many of which are outside of our control. There is no guarantee that the
expected events, trends or results will actually occur. The statements are based
on many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any changes in such
assumptions or factors could cause actual results to differ materially from
current expectations.  Please refer to our annual report on Form 20-F for the
year ended December 31, 2019 filed with the SEC, as well as any subsequent
filings made by us pursuant to the Exchange Act, each of which is available on
the SEC's website (www.sec.gov), for a full discussion of the risks and other
factors that may impact any forward-looking statements in this presentation.



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

Braskem
Stacy Torpey 
Communications Director
+1 (215) 841 3194
stacy.torpey@braskem.com

Braskem on social media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
www.twitter.com/BraskemSA

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