Agilyx, ExxonMobil and LyondellBasell to Split up Chemical Recycling Joint Venture

Agilyx, ExxonMobil and LyondellBasell to split up chemical recycling joint venture

The companies will restructure Cyclyx International. Agilyx will take ownership of the Dallas-area circularity center, while ExxonMobil and LyondellBasell will own the Houston location.

Agilyx leaves US chem recycling, Houston sorting center

Norway-based Agilyx will transfer its Houston plastics sorting center to joint-venture partners LyondellBasell and ExxonMobil, and will unwind its final investment decision for the second such facility, planned for the Dallas-Fort Worth area.  Agilyx also will become full owner of the Cyclyx International consortium by March 25, and will keep the 50,000 metric tons/year offtake agreement with ExxonMobil, with potential for additional volumes in …