Agilyx Corporation (OSE: AGLX-ME), a pioneer in the advanced recycling of post-use plastics, announcedtoday the opening of its European hub outside of Zurich, Switzerland. The European hub reinforces the company’s commitment to accelerate technology partnerships, emphasizing an increased focus in Europe.
Following Agilyx’s successful listing on the Merkur Marketof the Oslo Stock Exchange in September, the company announced it intends to use the net proceeds from the Private Placement to increase project development and delivery, pipeline development and R&D expansion globally.
“Following months of planning, we are pleased to expand our physical presence in Europe,” said Tim Stedman, CEO of Agilyx. “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.”
The European hub includes members of the management team, including the Chief Executive Officer, Tim Stedman, as well as corporate and business development functional leadership.
Agilyx, OSE: AGLX-ME, is a pioneer in the advanced recycling of difficult-to-recycle post-use plastic streams. With Agilyx’s chemical recycling technology and intelligent feedstock management system, mixed plastic waste can be converted to new virgin-equivalent plastics, as well as chemical products and fuels – creating the opportunity for true circularity. The company has not only developed these first-to-market products, but has also developed a feedstock management company Cyclyx International, Inc. and is working with many waste service providers, municipalities, petrochemical, and brand and retail companies to develop closed-loop advance recycling solutions for mixed waste plastics.