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Home > News > Valuable News > Cyclyx International to Invest in Second Cyclyx Circular Center

Cyclyx International to Invest in Second Cyclyx Circular Center

ECHEMI 2024-11-28

Cyclyx International, a plastics recycling feedstock innovator and joint venture between Agilyx, ExxonMobil and LyondellBasell, has made a final investment decision on the second Cyclyx Circular Center (CCC2). The new facility will be located at an existing distribution center in the Fort Worth, Texas area and will help create further necessary infrastructure for a circular economy for plastics.

 

Aglix, ExxonMobil and LyondellBasell are collectively investing $135 million in Cyclyx for the construction and operation of CCC2, which is expected to be operational in the second half of 2026. Once operational, the facility will be able to produce approximately 300 million pounds of plastic waste feedstock annually for customers using mechanical and advanced recycling technologies. Similar to the first Cyclyx Circular Center (CCC1) in Houston, the operation of CCC2 is expected to create more than 100 jobs for the local economy. CCC1 is expected to be operational in 2025.

 

"This new world-class facility will significantly expand our capabilities to meet the industry's growing demand for mechanical and advanced recycled feedstocks," said Joe Vaillancourt, CEO of Cyclyx. "CCC2 will help collect and recycle post-consumer, commercial and industrial plastic waste that is typically sent to landfills or incinerated. We look forward to working with the Dallas-Fort Worth metropolitan community and our feedstock customers to provide sustainable solutions."

 

Cyclyx recycling centers are uniquely designed to accept a variety of plastic waste streams, including plastics that are not typically accepted by current industry recycling programs. Combined, CCC1 and CCC2 will be able to produce approximately 600 million pounds of plastic waste feedstock annually - another step toward building a more circular plastics economy.

 

As part of its strategy, Cyclyx continues to explore the development of additional CCCs, each placed in major hubs across the United States.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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