Green Dreams: Agilyx and GE Enter Agreement to Advance the Circular Economy for Plastics

Imagine a world where plastic materials would never go to waste. Agilyx Corporation ("Agilyx"), the leader in chemical recycling of post-use plastics back into plastics chemicals and low carbon fuels, today announced a dynamic collaboration in artificial intelligence (AI) technology with the General Electric Company through its Licensing business unit that would bring the world closer than ever to making this green dream possible. Combining Agilyx's deep domain experience in chemical recycling with GE's vast experience in the application of Industrial AI, the two companies are aiming to increase the chemical recyclability of all post-use plastics from the current 10% to over 95%. This announcement is the result of a year-long, successful effort to assess GE's advanced modeling technology developed by GE Research, and its applicability to the database of chemical conversions of post-use plastics that Agilyx has amassed over the last 15 years. Together, the companies can greatly improve recycling rates by deploying an innovative set of artificial intelligence ("AI") technologies, including machine learning ("ML"), predictive modeling ("PM") and optimization tools, in combination with other supply chain innovations in partnership with a growing number of diverse leaders in the waste and recycling, petrochemical, consumer goods products and retail industries.