Agilyx Announces Approval of European Patent
Latest Innovation Demonstrates Agilyx’s Commitment to Technological Advancement
OSLO, Norway, March 24, 2021 – Agilyx AS (Euronext Growth (Oslo): ("AGLX"), a pioneer in the advanced recycling of post-use plastics, announced today that the European Patent Office (EPO) has issued a decision to grant a patent for the proprietary process for polishing Agilyx Synthetic Crude Oil (“ASCO”). The patent – EP2981593 – underscores Agilyx’s commitment to bringing its technological expertise and IP knowledge to the European market.
The newly patented process optimizes the removal of contaminants from ASCO with the use of proprietary equipment. ASCO is the product of Agilyx’s advanced recycling conversion process, which is delivered to customers as the building block for the manufacture of circular plastics. The resulting purer form of ASCO maximizes its compatibility with existing refining processes, while minimizing the damaging effects of contaminants on refinery equipment.
Commenting on the granting of the patent, Chris Faulkner, chief technology officer at Agilyx stated: “This new European patent yet again demonstrates our expertise in the advanced recycling of plastics and commitment to reducing plastic waste. Our technology offers a genuine pathway for plastic circularity and enables our vision of increasing the recycling of plastics.”
This latest patent is the result of specialist in-house research and development, reflecting the deep technical know-how and commercial scale operations that Agilyx has built upon since the company was founded. The patent highlights Agilyx’s significant experience in the industry of advanced recycling, converting mixed post-consumer plastics to high quality products.
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Agilyx (AGLX), is a pioneer in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx's chemical recycling technology and intelligent feedstock management system, mixed plastic waste 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, Inc. and is working with many waste service providers, municipalities, petrochemical, and 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 email@example.com. For more information, follow us on social media and visit us at www.agilyx.com.