Cyclyx secures 135 million dollars for new recycling center in Texas

Cyclyx International has made the final investment decision for the second Cyclyx Circularity Center (CCC2), which will provide infrastructure for a circular plastic economy. With the planned facility in Texas, the consortium consisting of Agilyx, ExxonMobil, and LyondellBasell is investing a total of 135 million US dollars. From the start of operations in the second half of 2026, CCC2 is expected to produce approximately 300 million pounds of plastic waste material annually. This material will be made available to customers utilizing both mechanical and advanced recycling technologies. Agilyx, a provider of chemical recycling technology, is investing 67.5 million US dollars, financed through equity and green bonds, reflecting its 50-percent stake in Cyclyx. Agilyx CEO Ranjeet Bhatia expressed enthusiasm: 'We are pleased to reach this important milestone in the expansion of the CCC network. Together, CCC1 and CCC2 can produce an estimated 600 million pounds of plastic raw material annually. This investment diverts plastic waste from landfills and integrates it into a circular economy.' Cyclyx plans to establish additional CCCs in major US cities to expand the recycling infrastructure. Highlights of Agilyx's recycling capabilities include the demonstration of their depolymerization technology in Japan, where ten tons of used polystyrene waste are converted into styrene monomer daily—a monomer used in the production of polystyrene products with a lower carbon footprint than products made from virgin materials.