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NextChem to act as technology and EPC partner on series of chemical recycling projects globally

March 16/2021

MOSCOW (MRC) -- Maire Tecnimont S.p.A. announced that its subsidiary NextChem, and Agilyx Corporation, a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo) have entered into an agreement to support the development of advanced chemical recycling facilities globally, according to Hydrocarbonprocessing.

This agreement combines Agilyx s leading pyrolysis technology with NextChems expertise, as a leader in licensing, implementation, and EPC services for plastics recycling solutions.

Under the agreement, NextChem will act as a technology and EPC partner for Agilyx. The aim of this partnership is to accelerate the implementation of chemical recycling facilities globally, utilizing Agilyx advanced pyrolysis technology in the conversion of mixed waste plastic into circular olefins and circular fuels. With a longstanding expertise in the advanced recycling of plastics, Agilyxs proprietary chemical recycling process can turn post-use plastics back into their original chemical components for continued use, increasing the recovery of plastics that cannot be recycled with traditional recycling processes.

The scope of the partnership, in its first phase, is to develop a series of chemical recycling projects for third parties. The initial focus will be on two already identified projects, one in Europe and one in South America. Furthermore, the agreement would represent an opportunity for co-investments in specific projects in order to accelerate the overall commercial pipeline.

We are proud to include this new partnership with Agilyx into our portfolio and further develop our basket of technological solutions for the circular economy, that already include Upcycling, waste to chemicals, waste to fuels, polymerization and now also thermochemical conversion (pyrolysis). We are strongly committed to finding solutions for plastics sustainability along its life-cycle and to enabling a new circular, low carbon economy. commented Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem.

This alliance represents an acceleration for Agilyx to expand our footprint and implement our advanced recycling technology globally, said Tim Stedman, Agilyx CEO.  NextChem is a global leader in the deployment and realization of projects and technologies for energy transition and circular economy and we are pleased to be partnering with them to accelerate our go to market strategy as we seek to expand our technology licensing.

As MRC reported earlier, Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo) and a leader in advanced recycling technology, established Cyclyx International LLC., on January 1, 2021. ExxonMobil joined Agilyx to become a founding member of the joint venture which is focused on helping increase plastic waste recycling. Cyclyx will aggregate and pre-process plastic waste to meet the technical requirements of a wide range of recycling processes while ensuring reliable supply of feedstock to its customers. Cyclyx aims to transform the current supply chain and help accelerate the growth of the advanced recycling industry by connecting companies looking for plastic waste solutions with customers engaged in recycling initiatives.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, PP block copolymer, homopolymer PP, LDPE, HDPE, petrochemistry, recikling, Agilyx, Exxon Mobil, Norway, Russia, USA.
Category:General News
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