Chemical recycling company Agilyx is raising new funds through listing shares on the Merkur Market, part of the Oslo Stock Exchange. The additional equity will be used to drive commercialisation of various recycling projects and accelerate growth in Europe and Asia.
‘Managing post-use plastic waste is a global and immediate challenge,’ says Tim Stedman, ceo of Agilyx. He laments that only about 10% of the world’s plastic waste is recycled. ‘We believe that our feedstock know-how is the key to moving plastic waste recycling rates from 10% to 90%,’ Stedman adds.
‘Unlike mechanical recycling, which is limited in terms of the kinds of plastics and quality yield, Agilyx’s approach allows for plastic waste, instead of oil, to be the feedstock of the future,’ the ceo notes. This means even mixed plastic waste and difficult-to-recycle polymers can be used to make new, high quality fuels as well as plastics – suitable for the most demanding applications like food contact.
Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.