Cyclyx International, LLC, an initiative founded 1 Jan of this year by Agilyx Corp. and immediately joined by ExxonMobil, has widened its ranks with the addition of AmSty, the largest polystyrene producer in the Americas. AmSty has joined as a founding member and has appointed Tim Barnette, its vice president of Polymers and Sustainability, to the Cyclyx Executive Advisory Board.
Cyclyx is a post-use plastic feedstock management company that proposes to create a new kind of supply chain. Structured as a consortium, its members are developing a business model aimed at increasing the recyclability of plastics from 10% to 90%. The company aggregates and preprocesses plastic scrap to meet the technical requirements of a wide range of recycling processes. In this way, it ensures a reliable supply to its customers.
As a new member of the Cyclyx consortium, AmSty will not only have access to the Cyclyx platform, it also gains a reliable feedstock source for the Regenyx chemical recycling facility it operates as a joint venture with Agilyx. As well, the company will be able to take advantage of the Cyclyx platform for eventual other, future advanced recycling facilities.
AmSty has been at the forefront and a leader of chemical recycling through Regenyx, proactively engaged in creating circular plastic pathways, noted Joe Vaillancourt, chief executive officer at Cyclyx, who welcomed AmSty’s decision to participate as a founding member of Cyclyx.
Membership of Cyclyx aligns with AmSty’s efforts to keep polystyrene products out of landfills through circular recycling, said Tim Barnette, vice president – Polymers and Sustainability at AmSty.
“We believe the development of feedstock supply chains for plastics recycling is a key step toward revolutionising the way the world recycles plastics,” he stated.