BioBTX and Agilyx announce collaboration for the production of circular aromatic chemicals
$200B/yr
- $200B/yr
GRONINGEN, Netherlands and OSLO, Norway, April 24, 2023 /PRNewswire/ -- BioBTX B.V. ("BioBTX"), the global leader in renewable aromatics technology, and Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) ("Agilyx" or "the company"), a leading post-consumer plastics recycling company have entered into a strategic collaboration to explore the scale-up of BioBTX technology at a commercial demonstration plant for the production of renewable aromatic chemicals (benzene, toluene, xylene: BTX). - Agilyx's pyrolysis technology for difficult-to-recycle post-use plastics combined with BioBTX catalytic technology to convert pyrolysis vapours into aromatic chemicals will create a unique synergy for the production of renewable aromatic chemicals (BTX).
- "This is a significant milestone for chemical recycling as it demonstrates the versatility of Agilyx conversion technology as a key enabler for not only circular plastics but also aromatic chemicals," said Tim Stedman, CEO of Agilyx.
- This partnership between Agilyx and BioBTX is a key stepping stone on the path to a truly circular society," said Ton Vries, CEO of BioBTX.