Lucite International and Mitsubishi Chemical Corporation increase the pace of a circular economy for PMMA with Agilyx Corporation

6 May 2020

 Lucite International (LI) works with Agilyx Corporation (Agilyx) to make significant contribution to Circular Economy for PMMA (initially in Europe) with support from LI's parent company , Mitsubishi Chemical Corporation (MCC).

MCC's vision is based on "sustainable well-being for people, society and the earth" - a philosophy known as KAITEKI. Delivering a truly circular economy is a key part of achieving this. LI has created a value chain that:

(i)Allows manufacturers of PMMA products to have their products recycled and recycled through MMA to PMMA when their lifetime is over.

(ii)Offers end users recycled acrylic products manufactured from recycled PMMA.

PMMA is one of the very few plastics that can be chemically depolymerized and purified to produce the highest quality monomer (MMA). This is the basic ethos behind achieving a truly circular economy.

LI is accelerating its activity and is pleased to announce an exclusive agreement with Agilyx to use Agilyx's depolymerization technology to define the most appropriate PMMA chemical recycling infrastructure.

CEO Phil Bailey of EMEA SBU Mitsubishi Chemical Corporation says:

“We are pleased to lead this project within MCC and are committed to ensuring that PMMA becomes a fully sustainable material. We know from our customers that there is a great demand for this for social and environmental reasons. As global leaders in the MMA industry, we have a responsibility to take the lead in this area.

"We are delighted to work with Agilyx on the depolymerization aspects and believe that with the expertise of both companies, together with other stakeholders in the future, we will be able to provide an industry-leading, all-encompassing solution for the circular economy."

Agilyx Corporation CEO Joe Vaillancourt says:

«Lucite International and Mitsubishi Chemical continue to demonstrate their leadership in sustainable production through the promotion of recycling initiatives for their products. It is an honor to work with them to deliver fully recycled materials to their products. ”

"We are proud to be a leader in chemical recycling and look at this collaboration as a way to expand the circular economy of plastics through this new chemical pathway."

Lucite International (LI) is partnering with Agilyx to bring this to commercial realization by 2023. In the meantime, LI will work with all key stakeholders - including MMA customers, PMMA customers, manufacturers, distributors, manufacturers and recyclers - to develop a robust value chain for everyone.

ABOUT LUCITE INTERNATIONAL

Lucite International is part of Mitsubishi Chemical Corporation, the global market leader in the production of MMA and PMMA. For over 85 years we have been focused on the methacrylate molecule - the building block of all acrylic materials. With businesses across EMEA, APAC and the US , our MMA Monomers, PMMA Polymers and Special Polymers & Resins are making life better for people all over the world.

ABOUT AGILYX

Agilyx is a leading pioneer in the chemical recycling of used plastic streams that are difficult to recycle, and recycles them into recyclable raw materials and high value fuels, yet low carbon. The company has developed a system that can reclaim PMMA back to MMA, the building block of PMMA. Agilyx has also commercialized a technology that is able to recycle polystyrene waste into styrene monomer which in turn is used to make new polystyrene products. Agilyx works with suppliers of waste services, municipalities, refineries and private and public companies to develop industrial solutions with closed circuits for mixed waste plastics.

For more information, go to www.agilyx.com .

Media Contact
John Desmarteau , Director of Communications and State Affairs
[email protected]
(503) 597-6406

 

Source: prnewswire.com