Agilyx announces the launch of a new feedstock management company, Cyclyx International, Inc.

Rhea-AI Summary

Agilyx Corporation announced the establishment of a new subsidiary, Cyclyx International, Inc., aimed at enhancing the recyclability of post-use plastics. This initiative will utilize Agilyx's extensive data and advanced technologies, in collaboration with General Electric, to develop new supply chains and increase plastic recycling rates. Cyclyx will form partnerships across various industries, leveraging AI and predictive modeling to improve recycling solutions. Agilyx's goal is to support a circular economy and address global plastic recovery challenges.

Positive

• Launch of Cyclyx International, Inc. to enhance post-use plastic recyclability.
• Partnership with General Electric to utilize AI and predictive analytics for improving recycling rates.
• Cyclyx aims to aggregate and preprocess larger volumes of plastics, increasing efficiency.

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• None.

PORTSMOUTH, N.H., June 30, 2020 /PRNewswire/ -- Agilyx Corporation ("Agilyx"), a leader in chemical recycling, today announced that it is leveraging its existing post-use plastic feedstock management system to create a new subsidiary company Cyclyx International, Inc. ("Cyclyx"). The overarching goal of Cyclyx is to dramatically increase the recyclability of post-use plastics with a priority for fully circular pathways as well as assisting in the development of new supply chains that will aggregate and preprocess larger volumes of post-use plastics than current systems can support.

Over the last 16 years, through extensive research and commercial operations, Agilyx has developed the industry´s largest database and predictive analytics around the chemical complexity embedded in waste plastics. In 2019 Agilyx entered into a partnership with General Electric through its Licensing and Research divisions to develop artificial intelligence ("AI"), machine learning ("ML") and predictive modeling ("PM") and optimization tools that utilize Agilyx's extensive data and domain knowledge to significantly increase plastic recycling rates for all post-use plastics and create new recycling pathways. 

The Cyclyx platform has been developed to be an industry consortium comprised of partners across the value chain, which will enable Agilyx and GE to have much broader impact across the many other industry sectors with its innovative plastic recycling solutions. Cyclyx is currently establishing partnerships with many companies in diverse sectors, including petrochemical, waste and recycling, retail, brand owners as well as municipalities. Over the coming months, Cyclyx will highlight these relationships through additional announcements.

"As a company striving to increase global plastic recovery, we have found that the data generated over our history can be used as a key tool to greatly expand and accelerate the recycling of post-use plastics," stated Joe Vaillancourt, CEO of Agilyx. "We initially developed Cyclyx to help source plastic feedstocks appropriate for facilities we are currently developing on three different continents. We quickly discovered that our process was greatly needed by others in the advanced recycling as well as mechanical recycling industries. As a result, we have created Cyclyx so that Agilyx and many other companies can work together to help bridge that gap."

"The launch of Cyclyx and efforts to establish new partnerships will expand the impact GE's digital solutions have in the recycling of post-use plastics across multiple industries," said Pat Patnode, President and CEO, GE Licensing. "As we take on new datasets and challenges with new Consortium partners, the AI team at GE Research will be able to build more robust AI, ML and predictive modeling and analytics tools that not only expand in industry applications but also lead to further improvements in recycling solutions."

GE has successfully developed and applied innovative digital solutions across its major industry sectors in aviation, energy, healthcare and transportation that have delivered more efficient products and services and created hundreds of millions of dollars in new business value for GE and its customers. It has accomplished this by harnessing its deep industry domain knowledge and expertise in the physical sciences to inform and create new digital capabilities with AL, ML, and predictive modeling and analytics at GE's Research Center. GE is now applying that model with Agilyx to deliver transformational improvements in plastics recycling.

About Agilyx Corporation
Agilyx is the pioneer in chemically recycling difficult-to-recycle post-use plastic streams into a variety of products including circular virgin like plastics, chemical intermediates, and fuels. 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, petro-chemical, and many 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 GE
GE (NYSE:GE) drives the world forward by tackling its biggest challenges: Energy, health, transportation—the essentials of modern life. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE's mission and deliver for our customers. www.ge.com

Media Contact
John Desmarteau, Director of Communications and Government Affairs
jdesmarteau@agilyx.com
(503) 597-6406

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SOURCE Agilyx

FAQ

What is the purpose of Cyclyx International, Inc. launched by Agilyx?

Cyclyx aims to increase the recyclability of post-use plastics and develop efficient supply chains.

How is General Electric involved with Agilyx's new subsidiary Cyclyx?

General Electric partnered with Agilyx to apply AI and predictive modeling to enhance plastic recycling.

What industries will Cyclyx partner with?

Cyclyx is establishing partnerships across sectors like petrochemical, waste and recycling, retail, and municipalities.

What technology is Agilyx using to improve recycling rates?

Agilyx utilizes artificial intelligence, machine learning, and predictive modeling to optimize plastic recycling.