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Agilyx shifts focus from US to Europe, targets ambitious growth for Green Dot

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Cyclyx Circularity Centre, Houston
Agilyx is transferring the Cyclyx Circularity Centre in Houston to its joint venture partners Exxon Mobil and Lyondell Basell.

Norway-based plastic recycling technology company Agilyx is moving to a "Europe-first execution focus", placing its European recycling platform Green Dot at the centre of near-term earnings growth. At the same time, it was minimising capital risk by withdrawing from two Texas-based chemical recycling projects.

The strategic reset, announced last week, involves the transfer of Agilyx’s interest in the Houston-based project to Lyondell Basell and Exxon Mobil, its partners in the Cyclyx joint venture....

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