December 03, 2020

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Joint venture formed to tackle circular plastic recycling

Joint venture formed to tackle circular plastic recycling
Photo courtesy of Regenyx LLC

AmSty and Agilyx have formed a 50-50 joint venture, Regenyx LLC, dedicated to fully recycling post-consumer polystyrene materials back to new polystyrene products. Regenyx will utilize Agilyx’s chemical recycling process to convert used polystyrene products back to their original liquid form, styrene monomer. AmSty can then take that styrene monomer and work with its supply chain partners to make new polystyrene products with a favorable environmental profile, without any degradation of quality or value. This form of circular recycling is known as the PolyUsable™ process.

AmSty, headquartered in The Woodlands, Texas. AmSty, U.S.A., is a joint venture equally owned by Chevron Phillips Chemical Company LP and Trinseo LLC, and a leading integrated producer of polystyrene and styrene monomer.

Agilyx is the leader and pioneer in chemically recycling difficult-to-recycle mixed waste plastic streams into high-value low carbon circular feedstocks and fuels. The company has developed the first system capable of recycling polystyrene waste into styrene monomer, which is then used to remake new polystyrene products. The company also has commercialized a technology that converts mixed plastics to high-quality crude oil. From these first to market products, the company has since expanded its product platform into a broad range of customized low carbon chemicals, polymers and fuels.

“Today’s announcement marks a major milestone, not only for AmSty and Agilyx, but for our collective ability to dramatically increase recycling rates. Our collaboration with AmSty brings together a complete system that will allow us to continually recycle polystyrene products back to polystyrene products. Agilyx has been driven for the last 15 years with a vision to end wasteful outcomes of post-consumer plastics, and we are very excited to be partnering with AmSty to help drive innovations that will give perpetual use to polystyrene,” said Joe Vaillancourt, CEO of Agilyx.

“We are excited to take this step forward with Agilyx toward a new future for plastics recycling,” said Brad Crocker, president and CEO of AmSty. “Polystyrene products like foam cups, foam packaging and single-use picnic items are uniquely suitable for conversion back to chemical building blocks that can be used to make new products over and over. We are committed to a future where discarded polystyrene materials are no longer sent to landfills. This approach also holds great promise for other types of plastics as well.”

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