Latest news with #European-sourced
Yahoo
6 days ago
- Business
- Yahoo
Agilyx Joint Venture, Plastyx Ltd, reaches 75% of 2025 goal
OSLO, Norway, June 3, 2025 /PRNewswire/ -- Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) announces its venture Plastyx Ltd. has reached 75% of its near-term objective to source and execute MOUs for 200,000 metric tons of waste plastic by the end of 2025. As of today, it has executed MOUs for 150,000 tons. At this rate, Plastyx is likely to double its target and help advanced recycling growth by developing partnerships and material processing capabilities to ensure a reliable supply of high-quality polymers for food-grade and other high-performance packaging applications. Agilyx ASA is at the forefront of advanced recycling, converting post-use plastics into high-value feedstock and virgin-equivalent products. Through Cyclyx, its joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Through Plastyx, its joint venture with Circular Resources (40%), Agilyx provides critical European-sourced feedstock to the global mechanical and advanced recycling markets. Additionally, Agilyx markets TruStyrenyx, a polystyrene advanced recycling solution that combines its Styrenyx depolymerization technology with Technip Energies' purification process. By advancing from a linear "make-take-waste" model to a circular economy, Agilyx advances the transition to a low-carbon future. CONTACT: Be a part of the solution. Contact us:investors@ contact@ Learn more at: This information was brought to you by Cision View original content:
BBC News
02-04-2025
- BBC News
Waste tyre review after BBC reveals millions sent to Indian furnaces
The Environment Agency (EA) has launched a comprehensive review into shipments of waste tyres from the UK to week, BBC File on 4 Investigates heard that millions of these tyres - sent for recycling - were actually being "cooked" in makeshift furnaces, causing serious health problems and environmental pressure group Fighting Dirty has threatened legal proceedings against the EA over what it called a "lack of action" over the issue of tyre EA has asked the group to wait until its own review is complete, and it has also asked File on 4 Investigates to share the evidence from its investigation. The UK generates about 50 million waste tyres (nearly 700,000 tonnes) every year. According to official figures, about half of these are exported to India, supposedly to be BBC File on 4 Investigates revealed that some 70% of tyres exported to India from the UK and the rest of the world are being sent to makeshift industrial plants, where they are "cooked" in order to extract steel, small amounts of oil as well as carbon black - a powder or pellet that can be used in various at these plants - many of which are in rural backwaters - can be toxic and harmful to public health, as well as potentially January, two women and two children were killed in an explosion at a plant in the western state of Maharashtra, where European-sourced tyres were being processed.A BBC team visited the site and saw soot, dying vegetation and polluted waterways around. Villagers complained of persistent coughs and eye problems. Following the broadcast, the Department for the Environment, Food & Rural Affairs (Defra) told BBC File on 4 Investigates that officials and lawyers within the EA were "very keen" to investigate the claims made in the programme, including any potential criminal a letter seen by the BBC, lawyers for the EA said that our investigation would be carefully considered as part of a review it has launched into its approach to waste tyre added that the EA has been working to engage the relevant environmental authorities in India on this issue and is taking steps to arrange a delegation to meet with officials later this Dirty founder Georgia Elliott-Smith, who has been in correspondence with the EA over this issue since 2023, said it was a "major victory" for the group and that "the government must stop turning a blind eye to the illegal and immoral activity".
