{"id":176028,"date":"2024-11-29T00:21:40","date_gmt":"2024-11-29T05:21:40","guid":{"rendered":"https:\/\/wasteadvantagemag.com\/?p=176028"},"modified":"2024-11-29T00:21:40","modified_gmt":"2024-11-29T05:21:40","slug":"agilyx-announces-final-investment-decision-for-second-cyclyx-circularity-center","status":"publish","type":"post","link":"https:\/\/wasteadvantagemag.com\/agilyx-announces-final-investment-decision-for-second-cyclyx-circularity-center\/","title":{"rendered":"Agilyx announces Final Investment Decision for Second Cyclyx Circularity Center"},"content":{"rendered":"<p>Agilyx ASA, announced that Cyclyx International, LLC., a post-use plastic-to-feedstock innovator and joint venture among Agilyx, ExxonMobil, and LyondellBasell, has reached a final investment decision for a second Cyclyx Circularity Center (CCC2). Located in the <span class=\"xn-location\">Dallas\/Fort Worth, Texas<\/span> area, the new facility will help to create further necessary infrastructure for a plastic circular economy.<\/p>\n<p>Together, Agilyx, ExxonMobil and LyondellBasell are investing <span class=\"xn-money\">$135 million<\/span> into Cyclyx to fund the construction and operations for CCC2, which has an expected startup in the second half of 2026. Once operational, the facility will have the capacity to produce approximately 300 million pounds of plastic waste feedstock per year for customers using mechanical and advanced recycling technologies.\u00a0 \u00a0Agilyx&#8217;s <span class=\"xn-money\">$67.5 million<\/span> investment reflects its 50% interest in Cyclyx and is fully funded through recent equity and green bond financing transactions.<\/p>\n<p>&#8220;We are thrilled to achieve this important milestone in expanding the CCC network. Combined, CCC1 and CCC2 will have the capacity to produce an estimated 600 million pounds of plastic feedstock annually.\u00a0 This investment helps redirect plastic waste away from landfills, integrating it into a circular economy as valuable feedstock for all plastic recyclers&#8221;, said <span class=\"xn-person\">Ranjeet Bhatia<\/span>, Agilyx CEO.<\/p>\n<p>Cyclyx Circularity Centers are uniquely designed to accept a wide range of plastic waste streams,\u00a0including materials that are not typically accepted in current industry recycling programs. Combined, CCC1 and CCC2 will have the capacity to produce an estimated 600 million pounds of plastic waste feedstock annually\u2014another step forward to building a more circular economy for plastics.\u00a0\u00a0As part of its strategy, Cyclyx continues to explore the development of additional CCCs, each placed in major hubs across <span class=\"xn-location\">the United States<\/span>.<\/p>\n<h5><em>To read the full story, visit <a href=\"https:\/\/www.prnewswire.com\/news-releases\/agilyx-announces-final-investment-decision-for-second-cyclyx-circularity-center-302317472.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.prnewswire.com\/news-releases\/agilyx-announces-final-investment-decision-for-second-cyclyx-circularity-center-302317472.html<\/a>.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>Agilyx ASA, announced that Cyclyx International, LLC., a post-use plastic-to-feedstock innovator and joint venture among Agilyx, ExxonMobil, and LyondellBasell, has reached a final investment decision for a second Cyclyx Circularity [&hellip;]<\/p>\n","protected":false},"author":1792,"featured_media":66823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[6,122,13],"tags":[],"class_list":["post-176028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-garbage-news","category-newsletter-headline","category-recycling-news"],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- 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