Agilyx announces partnership with NextChem, new VP of business development

Agilyx Corp., a wholly owned subsidiary of Agilyx AS, and NextChem, subsidiary of Maire Tecnimont Group, have entered into an agreement to support the development of advanced chemical recycling facilities globally.

According to a news release, this agreement combines Agilyx’s leading pyrolysis technology with NextChem’s expertise as a leader in licensing, implementation and engineering, procurement and construction (EPC) services for plastics recycling solutions.

Under the agreement, NextChem will act as a technology and EPC partner for Agilyx. The aim of this partnership is to accelerate the implementation of chemical recycling facilities globally using Agilyx advanced pyrolysis technology to convert mixed plastic scrap into circular olefins and circular fuels. With longstanding expertise in the advanced recycling of plastics, Agilyx’s proprietary chemical recycling process can turn postuse plastics back into their original chemical components for continued use, increasing the recovery of plastics that cannot be recycled with traditional recycling processes, the company says.

The scope of the partnership, in its first phase, is to develop a series of chemical recycling projects for third parties. The initial focus will be on two already identified projects, one in Europe and one in South America. Furthermore, the agreement would represent an opportunity for co-investments in specific projects to accelerate the overall commercial pipeline. 

“We are proud to include this new partnership with Agilyx into our portfolio and further develop our basket of technological solutions for the circular economy, that already include upcycling, waste to chemicals, waste to fuels, polymerization and now also thermochemical conversion (pyrolysis). We are strongly committed to finding solutions for plastics sustainability along its life-cycle and to enabling a new circular, low carbon economy," says Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem.

“This alliance represents an acceleration for Agilyx to expand our footprint and implement our advanced recycling technology globally,” says Tim Stedman, Agilyx CEO. “NextChem is a global leader in the deployment and realization of projects and technologies for energy transition and circular economy and we are pleased to be partnering with them to accelerate our go-to-market strategy as we seek to expand our technology licensing.”

In addition to the company’s partnership with NextChem, Agilyx has announced the appointment of Shellie Gasaway as vice president of business development for the Americas and Asia-Pacific. Gasaway will further expand the company’s business relationships in North and South America, as well as in the Asia-Pacific region, the company says.

In her new role, Gasaway will bring her commercial and solutions-focused approach to identify key opportunities to further develop Agilyx’s sustainable and circular solutions for plastics. Her focus will be cultivating long-lasting business relationships to foster the increase in plastic recycling rates in the Americas and Asia-Pacific.

“We are thrilled to welcome Shellie to the team, who brings with her such vast experience. Shellie will bolster current relationships while forging new contacts and strategies that will be integral to driving growth in the Americas and beyond,” stated Stedman.

According to Agilyx, Gasaway brings extensive know-how of business strategy and growth, deal management, contract development and customer relations. She joins Agilyx from Powell Industries, a global manufacturer of integrated/packaged solutions and electrical equipment, where she was the global strategic account and business segment leader. Prior to this, she previously held positions at General Electric within account management, sales, project development and process engineering, while also gaining considerable licensing experience.