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NextChem and Agilyx enter into the Chemical Recycling Agreement
Petrochemicals | 16 March 2021

Maire Tecnimont S.p.A. has declared that its subsidiary NextChem, and Agilyx Corp., an entirely claimed subsidiary of Agilyx AS (Euronext Growth), a company specializing in the advanced recycling of post-use plastics, have entered into an agreement to support the development of cutting edge chemical recycling facilities universally. This arrangement consolidates Agilyx's pyrolysis technology with NextChem's licensing, implementation, and EPC administrations for plastics recycling solutions.

Under the agreement, NextChem will go about as a technology and EPC accomplice for Agilyx. The objective of this partnership is to accelerate the implementation of chemical recycling facilities universally, using Agilyx advanced pyrolysis technology in the transformation of mixed waste plastic into circular olefins and circular fuels. With well-established expertise in the advanced recycling of plastics, Agilyx's proprietary chemical recycling process can transform post-use plastics back into their original chemical components for continual use, expanding the recovery of plastics that can't be recycled with conventional recycling measures.

The scope of the partnership, in its first phase, is to develop a progression of chemical recycling projects for third parties. The underlying spotlight will be on two previously identified projects, one in Europe and one in South America. Moreover, the agreement would address an opportunity for co-investments in specific projects to speed up the overall commercial pipeline.

Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem said that they are pleased to incorporate this new association with Agilyx “into our portfolio and further develop up our basket of technological solutions for the circular economy, that as of now incorporate upcycling, waste to chemicals, waste to fuels, polymerization and Press Release No. 07 – 15.03.2021 2, presently likewise thermochemical conversion (pyrolysis).” He further added, “We are unequivocally dedicated to discovering answers for plastics supportability along its life-cycle and to empowering another round, low carbon economy." 

Tim Stedman, Agilyx CEO said that this alliance addresses a speed increase for Agilyx to grow our footprint and implement our advanced recycling technology universally. NextChem being a global leader in the deployment and realization of projects and technologies for energy progress and circular economy, “we are pleased to be partnering with them to accelerate our go-to-market strategy as we seek to expand our technology licensing."

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