A scrap plastic feedstock company is planning a Gulf Coast facility capable of preparing 132 million pounds of material annually for chemical recycling.
Cyclyx International, a company with ownership that includes ExxonMobil, will build the feedstock preparation facility to serve ExxonMobil’s planned chemical recycling facility and others in the region, according to a press release.
Cyclyx was started by pyrolysis company Agilyx to secure feedstock for chemical recycling plants. A year ago, ExxonMobil announced it would invest $8 million in the company.
The Cyclyx plant, which is scheduled to come on-line in late 2022, will provide scrap plastic feedstock for ExxonMobil’s upcoming chemical recycling facility in Baytown, Texas. Also planned to come on-line late in 2022, ExxonMobil’s plant will initially have a capacity of 66 million pounds per year. A smaller, temporary facility has already been breaking down scrap plastics to create commercial volumes of recycled plastic, according to ExxonMobil. An executive at the company recently provided more details on the project in an interview with an oil industry trade outlet BIC Magazine.
Cyclyx said engineering work has already begun on its proposed facility, which will process mixed-plastic scrap into feedstock that meets different customers’ chemical recycling feedstock specifications.
“Cyclyx plans to develop a network of similar facilities, linked to committed offtake, to support growth in advanced recycling,” according to the release.
More stories about processors
- WM agrees to acquire controlling interest in Avangard Innovative
- Packaging company’s $10 million expansion targets film
- Apple selects reclaimer for business-boosting program