Cyclyx International, together with ExxonMobil Corporation (NYSE: XOM) and LyondellBasell Industries (NYSE: LYB), today announced an agreement to advance development of a first-of-its-kind plastic waste sorting and processing facility in the Houston area. According to the update, the new facility addresses a critical missing link in the plastic waste supply chain by connecting community recycling programs to new and more advanced recycling technologies with the potential to take a much wider variety of plastic materials. The Cyclyx Circularity Center will be unique among plastic recovery facilities, leveraging new technologies to analyze and sort plastics based on their composition and best reuse and produce feedstock for both mechanical and advanced recycling. “To help increase the overall U.S. recycling rate and meet growing customer demand for circular products, more investment is needed by governments and industry to collect and sort waste,” said Dave Andrew, vice president of new market development at ExxonMobil. “With this new facility, we are making a substantial investment in plastic waste sorting infrastructure to accelerate our advanced recycling efforts in Baytown and along the Gulf Coast.”
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About Cyclyx International LLC.
Cyclyx is a post-use plastic innovation company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the plastic recycling rate from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation, a leader in advanced chemical recycling, together with ExxonMobil, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.Cyclyx.com.
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