Toyo Styrene receives license from Agilyx Technology in Japan

16 April 2020

Agilyx Corporation, a leader in chemical conversion of used plastics back into polymers, chemicals and low-carbon fuels, announces licensing of its technology to Toyo Styrene Co., LTD ( "Toyo Styrene"), a subsidiary of Denka Company Limited. The technology license agreement for the plant allows Toyo Styrene to use the Agilyx technology at the Toyo Styrene plant in Chiba Prefecture , Japan. The plant will focus on converting polystyrene back to styrene monomer.

"This announcement marks our formal entry into the Asian markets to provide circular paths for plastics." said Joe Vaillancourt, CEO of Agilyx. "We are really looking forward to working with a group that shares our goal of reducing the impact on the global environment by increasing the proportion of recycled materials in new products and at the same time reducing dependence on unused materials. Toyo Styrene is a leader in developing environmentally friendly products for a efficient use of plastic. "

"I am pleased to announce this license agreement with Agilyx. They have the unique pyrolysis technology to convert used polystyrene to styrene monomer," said Sanshiro Matsushita , chairman of Toyo Styrene. "This is really the beginning in Japan of a society based on a circular economy. We will improve the chemical recovery of polystyrene by using the properties of polystyrene which means that it is relatively easy to depolymerize to styrene monomer compared to other plastics. We will achieve recycled "renewed" polystyrene that can be used for polystyrene food containers without any problems in quality and safety. "

Agilyx and Toyo Styrene will begin construction and development of the facility immediately. The state-of-the-art depolymerization plant will have a processing capacity of up to 10 tonnes per day of used polystyrene. Toyo Styrene will purify the styrene monomer oil produced by the technology into a highly purified styrene monomer using their company-specific purification technology. The production of styrene by depolymerization of used polystyrene has a lower carbon footprint compared to unused styrene monomer. The plant is expected to start operations in early 2022.

Om Agilyx Corporation
Agilyx is a leading and pioneering company in the chemical recycling of plastic flows that are difficult to recycle in order to obtain valuable circular inputs for manufacture as well as low carbon dioxide fuels. The company has developed the first commercial system capable of recycling polystyrene waste and converting it to styrene monomer, which is then used to manufacture new polystyrene products. The company has also commercialized a technology that converts mixed plastics into high quality crude oil. From these first products on the market, the company has expanded its product platform to a wide range of customized low-carbon chemicals, polymers and fuels. Agilyx collaborates with waste service providers, municipalities, refineries and private and public companies to develop closed industrial solutions for mixed plastic waste. Please contact us for recycling of your plastic waste [email protected] . For more information, follow us on social media and visit www.agilyx.com .

About Toyo Styrene
Toyo Styrene was founded in April 1999 as a company with a consolidated polystyrene business spun off from Denki Kagaku Kogyo Kabushiki Kaisha (current: Denka Co., Ltd.), Nippon Steel Chemical Co., Ltd. (current: NIPPON STEEL Chemical & Material Co., Ltd.) and Daicel Chemical Co. (current: Daicel Corporation). Since then, Toyo Styrene has been constantly developing this new high performance level to meet the needs of customers such as EX7, HMT1, GA, Eneryts and FR-PS. For more information, follow us on social media and visit us at www.toyo-st.co.jp .

Mediekontakt
Hiroshi Higuchi, Executive Officer, Office Manager, Environmental Measures Promotion Office, Toyo Styrene Co., Ltd.
[email protected]
+ 81-3-3519-5602

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

 

Source: prnewswire.com