Agilyx Corporation, a wholly-owned subsidiary of advanced recycler Agilyx AS will collaborate with Novara, Italy-based NextChem, a subsidiary of Maire Tecnimont Group, on the design and advancement of a number of chemical recycling projects for third parties based on Agilyx’s proprietary technology.
The two companies have entered into an agreement to that effect, under which NextChem will act as a technology and EPC partner for Agilyx. The partnership, aimed at driving forward the implementation of chemical recycling facilities globally, also opens the door for co-investments in specific projects, as a means 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,” said Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem.
Agilyx has developed proprietary chemical technology based on pyrolysis, which can turn post-use ‘non-recyclable’ plastics back into their original chemical components, to produce circular olefins and circular fuels, for continued use.
Previously, NextChem had been involved in projects based on such technologies as upcycling, waste to chemicals, waste to fuels, polymerization. The partnership with Agilyx will now add thermochemical conversion — pyrolysis — to the list.
Calling NextChem a global leader in the deployment and realization of projects and technologies for energy transition and circular economy, Agilyx CEO Tim Stedman said he was "pleased to be partnering with them to accelerate our go-to-market strategy as we seek to expand our technology licensing."
The first two projects, one in Europe and one in South America, have already been determined.