o Aligned to mid-term volume target of 550,000 to 800,000 tons per annum
o New membership will contribute to the Cyclyx mission of increasing recycling
rates from 10% to 90% 

PORTSMOUTH, New Hampshire, USA, July 6, 2021 - Cyclyx International, a
consortium feedstock management joint venture founded by Agilyx and ExxonMobil,
announced today that Chevron Phillips Chemical Company LLC (CP Chem), has joined
Cyclyx as a founding member.

CPChem is a leading chemical company and at the forefront of cultivating a
circular economy for plastics. The company has announced plans for an annual
production volume of 1 billion pounds (500,000 tons) of its ISCC PLUS certified
Marlex® AnewTM Circular Polyethylene by 2030. 

As a member of the consortium, CP Chem joins a growing list of companies
including Agilyx, AmSty, Braskem, ExxonMobil, and North American Plastics, that
are helping to lead the way to build a more sustainable future for plastics. As
a Cyclyx member, CP Chem will have access to services that provide plastic users
throughout the value-chain with third-party audited, circular, end of life
pathways for their products through innovations including chemical
characterization of plastics and predictive modelling of feedstock sources to
product pathways, custom feedstock recipes, and customized supply chains. 

As part of their membership, CP Chem will extend its learnings and expertise in
building a circular economy for its products. In addition, CP Chem will take an
active role in helping Cyclyx build out its programs by having Ron Abbott,
sustainability technology manager at Chevron Phillips Chemical, serve on the
Cyclyx executive advisory board.

About Chevron Phillips Chemical Company LLC:
Chevron Phillips Chemical Company LLC is one of the world's top producers of
olefins and polyolefins and a leading supplier of aromatics, alpha olefins,
styrenics, specialty chemicals, plastic piping and polymer resins. With
approximately 5,000 employees, the LLC and its affiliates own nearly $17 billion
in assets, including 31 manufacturing and research facilities in seven
countries. Chevron Phillips Chemical Company LLC is equally owned indirectly by
Chevron U.S.A. Inc. and Phillips 66 Company, and is headquartered in The
Woodlands, Texas. For more information about Chevron Phillips Chemical, visit
www.cpchem.com. Also, follow us on Twitter: @chevronphillips.

About Cyclyx International, LLC.
Cyclyx International, LLC. ("Cyclyx") is a post-use plastic feedstock management
company working with industry participants to develop innovative recycling
solutions for all types of post-use plastics. The company's mission is to help
increase the recycling rate of plastics from 10% to 90% by using Cyclyx's
expertise in understanding the chemical composition of post-use plastic in
collaboration with industry partners to create a new, innovative supply chain.
Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced
chemical recycling, together with ExxonMobil Chemical Company, one of the
largest chemical companies in the world. Cyclyx has been formed to be a
consortium-based entity and since its founding there have been a growing number
of companies joining its membership. For more information, visit us at
www.cyclyx.com.

About Agilyx 
Agilyx (AGLX) is an early leader in the advanced recycling of
difficult-to-recycle post-use plastics. With Agilyx's chemical recycling
technology, mixed plastic waste or streams of discrete post-use plastics, such
as polystyrene, 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, LLC, and is
partnering with a range of waste service providers, municipalities,
petrochemical, and brand and retail companies to develop closed-loop recycling
solutions for mixed waste plastics. www.agilyx.com. 

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

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