PORTSMOUTH: Cyclyx International, a consortium feedstock management joint venture founded by Agilyx and ExxonMobil, announced that Chevron Phillips Chemical Company LLC (CP Chem), has joined Cyclyx as a founding member.

CPChem is a leading chemical company and at the forefront of cultivating a circular economy for plastics. The company has announced plans for an annual production volume of 1 billion pounds (500,000 tons) of its ISCC PLUS certified Marlex Anew Circular Polyethylene by 2030.

As a member of the consortium, CP Chem joins a growing list of companies including Agilyx, AmSty, Braskem, ExxonMobil, and North American Plastics, that are helping to lead the way to build a more sustainable future for plastics.

As a Cyclyx member, CP Chem will have access to services that provide plastic users throughout the value-chain with third-party audited, circular, end of life pathways for their products through innovations including chemical characterization of plastics and predictive modelling of feedstock sources to product pathways, custom feedstock recipes, and customized supply chains.

As part of their membership, CP Chem will extend its learnings and expertise in building a circular economy for its products. In addition, CP Chem will take an active role in helping Cyclyx build out its programs by having Ron Abbott, sustainability technology manager at Chevron Phillips Chemical, serve on the Cyclyx executive advisory board.

Chevron Phillips Chemical Company LLC is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins.

With approximately 5,000 employees, the LLC and its affiliates own nearly $17 billion in assets, including 31 manufacturing and research facilities in seven countries. Chevron Phillips Chemical Company LLC is equally owned indirectly by Chevron U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. www.cpchem.com

Cyclyx International LLC. is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to help increase the recycling rate of plastics 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 Chemical Company, 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. www.cyclyx.com