OSLO, Norway andPHILADELPHIA, PA ,December 16, 2020 -Agilyx Corporation , a wholly owned subsidiary ofAgilyx AS (Euronext Growth (Oslo ): ("AGLX"), a pioneer in the advanced recycling of post-use plastics, andBraskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in theAmericas 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 inNorth America . The project aims to examine an efficient pathway to produce polypropylene (PP) using difficult-to-recycle mixed waste plastic, powered byAgilyx advanced recycling technology. Mixed waste plastics for this project would be sourced throughAgilyx'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 ofBraskem 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 withAgilyx 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," saidTim Stedman , CEO ofAgilyx . "Agilyx has a proven technology leadership and track record in converting hard-to-recycle plastic. This collaboration targets a new product pathway forAgilyx , converting mixed waste plastic into the chemical building blocks used to produce polypropylene." AboutAgilyx Agilyx (AGLX), is a pioneer in the advanced recycling of difficult-to-recycle post-use plastic streams. WithAgilyx'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 companyCyclyx 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 thePolypropylene Recycling Coalition , an initiative ofThe Recycling Partnership with a focus on increasingU.S. curbside recycling access for polypropylene and ensuring PP is widely recovered and reused. Braskem is also a founding member of the Alliance to EndPlastic 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 endedDecember 31, 2019 filed with theSEC , as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on theSEC'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 BraskemStacy 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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