DENKA COMPANY LIMITED Tigard, Oregon ,December 1, 2020 ,Agilyx Corporation (AGLX-ME), a pioneer in the advanced recycling of post-use plastics, andToyo Styrene Co., LTD ("Toyo Styrene "), an affiliate ofDenka Company Limited announced today the 30% completion of the final phase of the Front End Loading ("FEL") design development (FEL3) to deploy theAgilyx technology nearToyo Styrene's facility in theChiba Prefecture ofJapan .
The facility will focus on recycling post-use polystyrene plastic back to a styrene monomer. InApril 2020 ,Agilyx announced the licensing of its technology toToyo Styrene . This announcement marks a significant step forward toward the realization of a truly circular process.
"We are extremely proud of the work that members ofAgilyx and Toyo have accomplished to get the project to this point," saidTim Stedman , CEO ofAgilyx . "This further solidifies the efforts going on atAgilyx to increase global plastic recycling through circular pathways. We are excited to provide our proven solution into the Asian Markets that will greatly improve recycled plastic content availability."
"I am very satisfied with the progress of design development for this project. Despite the tough situation brought on by COVID-19 at the beginning of this year, the teams at both companies have been working hard, making the best of long-distance collaboration." saidSanshiro Matsushita , President ofToyo Styrene ." There is a real need inJapan forChemical Recycling of PS which the market is calling for, providing an ideal atmosphere for this project."
The state-of-the-art advanced recycling facility is designed to convert up to 10 tons per day of post-industrial and post-consumer polystyrene into a styrene monomer that will be purified usingToyo Styrene's proprietary purification process. Styrene monomer produced from this process has a significantly lower carbon footprint compared to virgin monomer. The facility is on target to meet the initial goal of commencing operations in early 2022.
AboutAgilyx Agilyx (AGLX-ME), 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.
AboutToyo Styrene Toyo Styrene was established inApril 1999 as a company of consolidated polystyrene business carved out from Denki Kagaku Kogyo Kabushiki Kaisha(Current:Denka Co., Ltd. ),Nippon Steel Chemical Co., Ltd. (Current:NIPPON STEEL Chemical & Material Co., Ltd. ),andDaicel Chemical Co. (Current:Daicel Corporation ). Since then,Toyo Styrene has been developing constantly the new high performance grade for answering the needs of customers such asEX7, HMT1, GA, Eneryts and FR-PS as well. For more information, follow us on social media and visit us at www.toyo-st.co.jp.
Media Contact
Contacts:Agilyx Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.comToyo Styrene Hiroshi Higuchi , Executive Officer, the office manager, environmental measures promotion office,Toyo Styrene Co. ,Ltd.
+81-3-3519-5602
h-higuchi@toyo-st.co.jp
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