Agilyx, an environmental technology and development company located in Tigard, Oregon, and INEOS Styrolution, a leading, global styrenics supplier have signed a joint development agreement to develop a recycling process for polystyrene based on “chemical recycling” in the USA. The collaboration is aimed at achieving a circular economy, where polystyrene waste is recycled into virgin, high-quality styrenic polymers, thereby reducing plastic waste and allowing for re-use of this valuable material.
Joseph Vaillancourt, CEO, Agilyx Corporation, said, “We are excited about this collaborative effort with INEOS Styrolution. The ability of our technology to divert waste polystyrene from landfills and create a sustainably recycled polymer aligns with global efforts of waste diversion and the move to a circular economy. This is one of many privileged partnerships we are continuing to develop to help advance the scaling of this technology both domestically and in international markets.”
Responding to above, Ricardo Cuetos, VP Standard Products, INEOS Styrolution America LLC, commented, “We are very pleased to join efforts and collaborate with Agilyx in this venture. Chemical recycling and innovative recycling solutions for polystyrene will enable us to re-use collected post-consumer polystyrene waste into our manufacturing processes to produce high-quality virgin polystyrene. This represents a great opportunity to save valuable resources and avoid waste ending in landfills. This project is an important step in our efforts to recycle polystyrene taking advantage of innovative technologies.”
Agilyx is working with waste service providers, municipalities, refiners, and private and public enterprises to develop closed-loop industrial solutions for mixed waste plastics. The Company has developed the first system capable of recycling polystyrene into styrene monomer, which is used to remake polystyrene (“PS”).
INEOS Styrolution focuses on styrene monomer, polystyrene, ABS Standard and styrenic specialties.