Agilyx and AmSty Joint Venture Transitions to 100% Renewable Energy at its Tigard, Oregon Facility
TIGARD, Oregon, USA – November 16, 2021 – Circular recycling company, Regenyx, confirmed today that it has transitioned to 100% renewable energy at its facility in Tigard, Oregon. The company is a joint venture between Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): “AGLX”) and pioneer in the advanced recycling of post-use plastics, and AmSty, the largest polystyrene producer in the Americas. Joining together to form Regenyx in 2019, these companies are considered frontrunners in circular recycling for polystyrene and aim to lead future companies in choosing renewable energy.
Through enrollment in the Green Future Enterprise program with Portland General Electric (PGE), Regenyx will receive 100% of its electricity from wind sources. Using solely renewable energy sources supports a transition to a low-carbon economy, which is in line with Agilyx sustainability goals to mitigate climate-related impacts of its operations and disclosing the environmental footprint and energy efficiency of its circular recycling processes.
“Agilyx is using chemical recycling technology to help solve the problem of plastic waste in an effort to create a more sustainable, circular economy for plastics,” said Tim Stedman, CEO of Agilyx. “Using electricity derived from non-renewable resources to power that technology would be counter-intuitive. That’s why we are so pleased to announce that all of the electricity in Tigard will now come from renewable wind energy.”
Vice President of Polymers and Sustainability at AmSty, Tim Barnette, said, “AmSty and Agilyx are working diligently to make circular recycling as efficient and carbon-neutral as possible. We are optimistic that the move to wind-powered electricity will put us farther down that path and we’re grateful to have this source available.”
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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.
AmSty is a leading integrated producer of polystyrene and styrene monomer, offering solutions and services to customers in a variety of global markets. AmSty is a member of the American Chemistry
Council and its Responsible Care initiative, and is headquartered in The Woodlands, Texas. AmSty is a joint venture equally owned by Chevron Phillips Chemical Company LP and Trinseo LLC.