PORTSMOUTH, N.H., June 30, 2020 /PRNewswire/ -- Agilyx Corporation
("Agilyx"), a leader in chemical recycling, today announced that it
is leveraging its existing post-use plastic feedstock management
system to create a new subsidiary company Cyclyx International,
Inc. ("Cyclyx"). The overarching goal of Cyclyx is to dramatically
increase the recyclability of post-use plastics with a priority for
fully circular pathways as well as assisting in the development of
new supply chains that will aggregate and preprocess larger volumes
of post-use plastics than current systems can support.
Over the last 16 years, through extensive research and
commercial operations, Agilyx has developed the industry´s largest
database and predictive analytics around the chemical complexity
embedded in waste plastics. In 2019 Agilyx entered into a
partnership with General Electric through its Licensing and
Research divisions to develop artificial intelligence ("AI"),
machine learning ("ML") and predictive modeling ("PM") and
optimization tools that utilize Agilyx's extensive data and domain
knowledge to significantly increase plastic recycling rates for all
post-use plastics and create new recycling pathways.
The Cyclyx platform has been developed to be an industry
consortium comprised of partners across the value chain, which will
enable Agilyx and GE to have much broader impact across the many
other industry sectors with its innovative plastic recycling
solutions. Cyclyx is currently establishing partnerships with
many companies in diverse sectors, including petrochemical, waste
and recycling, retail, brand owners as well as municipalities. Over
the coming months, Cyclyx will highlight these relationships
through additional announcements.
"As a company striving to increase global plastic recovery, we
have found that the data generated over our history can be used as
a key tool to greatly expand and accelerate the recycling of
post-use plastics," stated Joe
Vaillancourt, CEO of Agilyx. "We initially developed Cyclyx
to help source plastic feedstocks appropriate for facilities we are
currently developing on three different continents. We quickly
discovered that our process was greatly needed by others in the
advanced recycling as well as mechanical recycling industries. As a
result, we have created Cyclyx so that Agilyx and many other
companies can work together to help bridge that gap."
"The launch of Cyclyx and efforts to establish new partnerships
will expand the impact GE's digital solutions have in the recycling
of post-use plastics across multiple industries," said Pat Patnode, President and CEO, GE Licensing. "As we take on new datasets and
challenges with new Consortium partners, the AI team at GE Research
will be able to build more robust AI, ML and predictive modeling
and analytics tools that not only expand in industry applications
but also lead to further improvements in recycling solutions."
GE has successfully developed and applied innovative digital
solutions across its major industry sectors in aviation, energy,
healthcare and transportation that have delivered more efficient
products and services and created hundreds of millions of dollars
in new business value for GE and its customers. It has
accomplished this by harnessing its deep industry domain knowledge
and expertise in the physical sciences to inform and create new
digital capabilities with AL, ML, and predictive modeling and
analytics at GE's Research Center. GE is now applying that model
with Agilyx to deliver transformational improvements in plastics
recycling.
About Agilyx Corporation
Agilyx is the pioneer in
chemically recycling difficult-to-recycle post-use plastic streams
into a variety of products including circular virgin like plastics,
chemical intermediates, and fuels. 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,
petro-chemical, and many brand and retail companies to develop
closed-loop advance recycling solutions for mixed waste plastics.
Contact us to have your plastic waste streams recycled at
info@agilyx.com. For more information, follow us on social media
and visit us at www.agilyx.com.
About GE
GE (NYSE:GE) drives the world forward by
tackling its biggest challenges: Energy, health, transportation—the
essentials of modern life. By combining world-class engineering
with software and analytics, GE helps the world work more
efficiently, reliably, and safely. For more than 125 years, GE has
invented the future of industry, and today it leads new paradigms
in additive manufacturing, materials science, and data analytics.
GE people are global, diverse and dedicated, operating with the
highest integrity and passion to fulfill GE's mission and deliver
for our customers. www.ge.com
Media Contact
John
Desmarteau, Director of Communications and Government
Affairs
jdesmarteau@agilyx.com
(503) 597-6406
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SOURCE Agilyx