Agilyx has announced the launch of Plastyx Ltd. in collaboration with Plastic Energy founder Carlos Monreal, designed to source and supply feedstock for Europe’s advanced plastic recycling market.
Agilyx says that while advanced plastic recycling technologies are scaling industrially and complementing mechanical recycling, the industry’s growth is constrained by the availability of consistent, high-quality feedstock. Plastyx seeks to bridge this gap by developing partnerships and material processing capabilities to ensure a reliable supply of high-quality polymers for food-grade and other high-performance packaging applications.
The company states its near-term objective is to source and execute memorandum of understandings (MOUs) for 200,000 metric tons of waste plastic by the end of 2025. Plastyx Ltd. is a 60:40 joint venture between Agilyx and Circular Resources, with Monreal set to serve as Chairman.
“Agilyx is committed to building an international sourcing platform to support our interests in Cyclyx,” added Ranjeet Bhatia, CEO of Agilyx. “Carlos is a leader in our field and has unparalleled understanding of the advanced recycling industry. By linking Cyclyx’s industry-leading feedstock management capabilities with Plastyx, through Agilyx’s shared ownership interest, we are launching an exciting first mover in this critical market segment.”
In similar news, Dow recently purchased a stake in Rotterdam-based chemical and advanced recycling company Xycle in partnership with ING, Invest-NL, Polestar Capital and Vopak. The funds raised will support the construction of Xycle’s first commercial-scale advanced recycling plant, expected to be fully operational by Q4 2026 with a projected plastic waste processing capacity of 21 kilotons annually.
OMV announced the expansion of its proprietary ReOil technology last month at its Schwechat refinery, where it plans to convert up to 16,000 metric tons of hard-to-recycled mixed plastic waste into chemical feedstocks annually. ReOil converts post-consumer mixed plastic waste into pyrolysis oil, which can then be used as a raw material to produce base chemicals.
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