Advanced recycling company Agilyx has further underscored its increased focus on Europe and commitment to expand technology partnerships with the opening of a new European hub in Schindellegi, Switzerland.
The move follows the company’s successful listing on the Merkur Market of the Oslo Stock Exchange in September. The company will use the net proceeds from the private placement to increase project development and delivery, pipeline development and R&D expansion globally.
“This is an important step in providing more accessibility to Agilyx’s technology and know-how in Europe, a region where circularity is set high on the agenda," CEO Tim Stedman said.
The European hub includes members of the management team, including the CEO, corporate and business development functional leadership.
The company focusing on chemical recycling of polystyrene is based in Tigard, Ore.