Welcome to our dedicated page for Agilyx As news (Ticker: AGXXF), a resource for investors and traders seeking the latest updates and insights on Agilyx As stock.
Agilyx As (AGXXF) pioneers advanced chemical recycling solutions that transform post-use plastics into high-value materials. This news hub provides investors and industry professionals with essential updates on technological breakthroughs, strategic partnerships, and sustainability milestones.
Access real-time press releases covering earnings reports, depolymerization technology advancements, and collaborations with global industrial leaders. Our curated collection ensures you stay informed about AGXXF's role in enabling circular economy through innovative plastic upcycling.
Discover updates across key operational areas: chemical recycling innovations, facility expansions, environmental impact reductions, and market-specific initiatives. Each update is verified for accuracy to support data-driven analysis of AGXXF's market position.
Bookmark this page for streamlined access to AGXXF's evolving narrative in sustainable engineering. Return regularly to monitor how the company addresses critical challenges in plastic waste management through cutting-edge depolymerization processes.
Agilyx ASA (AGXXF) has announced significant carbon emission reductions in styrene manufacturing through its proprietary Styrenyx technology. A study by Sphera Solutions reveals that Agilyx's process reduces carbon equivalent emissions by 38% using average grid electricity and 86% using wind electricity compared to conventional fossil-based styrene production.
The study, conducted under ISO 14067:2019-02 standards, is undergoing independent review expected to complete in Q2 2025. An Agilyx facility producing 18,000 metric tons of styrene annually with grid electricity could reduce CO2 emissions by ~15,000 metric tons compared to conventional methods, equivalent to removing 3,500 gasoline cars annually.
With global styrene production projected to reach 16.75 million tonnes by 2026, implementing Styrenyx for 10% of this volume could equate to removing 325,000 gasoline cars from the road annually.
Agilyx has announced that its depolymerization technology successfully produced on-specification product during the commissioning of Toyo Styrene's 10 ton-per-day chemical recycling facility in Japan. The plant, completed in March 2024, converts post-use polystyrene into styrene monomer, which is then transformed back into high-value polystyrene products with a significantly lower carbon footprint. This milestone demonstrates the efficacy of Agilyx's technology and marks a key step towards the project's completion. Agilyx and Toyo will continue collaborating to optimize the facility in the coming months.
Agilyx ASA (OTC: AGXXF), a leader in post-consumer plastics recycling, has partnered with BioBTX B.V. to scale up renewable aromatic chemicals production. This collaboration integrates Agilyx's pyrolysis process with BioBTX's catalytic technology at a commercial demonstration plant, aiming to produce high-quality benzene, toluene, and xylene (BTX) from difficult-to-recycle plastics. Aromatic chemicals represent about 40% of the petrochemical market, valued at approximately
Agilyx ASA (OTC-PINK: AGXXF) and INEOS Styrolution have announced advancements in their collaboration to develop the TruStyrenyx chemical recycling facility in Channahon, Illinois. The facility aims to process up to 100 tons of polystyrene waste daily, transforming it into high purity styrene monomer for new plastic products. The final engineering phase is expected to be completed in 2023, paving the way for construction funding decisions. Agilyx CEO Tim Stedman emphasized the facility's potential to significantly increase recycled plastic usage, responding to rising consumer demand for sustainable products.
Agilyx ASA (OTCQX: AGXXF), a company specializing in recycling challenging post-use plastics, announced that its CEO, Tim Stedman, has been named to the ICIS Top 40 Power Players list for 2023. The recognition highlights Agilyx's achievements in areas such as innovation, ESG (environmental, social, governance), and shareholder value. Stedman expressed gratitude for the acknowledgment and emphasized the company's ongoing commitment to addressing plastic waste. This accolade signifies the company's positive standing within the chemical industry and reflects its strategic direction as it continues to focus on impactful projects.
Agilyx ASA (OTCQX: AGXXF) announced changes to its board, appointing Jan Secher as Chair and Martha Crawford as an independent director effective October 21, 2022. Secher brings extensive experience in the chemical industry, having served as CEO of Perstorp Group and Clariant. Crawford has a strong background in R&D and environmental regulation, previously holding positions in major multinationals and OECD. The new board members' terms will expire in 2024, and Peter Norris will remain on the board after stepping down as Chair. CEO Tim Stedman expressed confidence in the board's potential for growth.
On December 21, 2021, OTC Markets Group Inc. announced that Agilyx AS qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. Agilyx, a leader in advanced recycling of difficult-to-recycle plastics, begins trading under the symbol AGXXF. This upgrade enhances transparency and trading opportunities for U.S. investors, as qualified companies follow high financial standards and corporate governance. Agilyx aims to broaden its investor reach as it undertakes various international projects.
