#agilyx

Agilyx ASA (OTCQX:AGXXF) Q2 2025 Earnings Convention Name August 21, 2024 8:00 AM ET Firm Members Ana Sandersen – Company ParticipantBertrand Laroche – Chief Monetary OfficerLaurent Auguste – Company ParticipantRanjeet Gill Bhatia – Chief Govt Officer Convention Name Members Ana Sandersen So I suppose we’ll begin issues off. I would prefer to firstly thanks for becoming a member of us in the…

Don't Fall for this Greenwashing Trick

Chemical recycling may be a scam, according to research done by a major environmental group. Chemical recycling is a relatively new method popularized by industry groups as recycling exportation breaks down. It’s a process where plastic is treated with compounds that reduce it back to monomers, which can then be made into new polymers and therefore new plastics. It’s said to be more efficient and…

Delta refinery to convert plastic into fuel

In order to take action against the enormous waste of plastic in this world, Delta Airlines has partnered with Oregon-based Agilyx.

Agilyx is a world leading company in converting difficult-to-recycle waste plastics into valuable resources. They work now with a variety of partners all over the world to solve the plastic waste problem and turn plastics into a long term durable carbon source.

Deltas aim in partnership with Agilyx is it to convert waste plastics into jet fuel at its Pennsylvania refinery, Monroe Energy. The facility will refine up to 2'500 barrels of oil per day by 2020 using synthetic raw materials converted from plastic. Delta bought the refinery in 2012 for 150 Million dollar, but the investment has turned out more difficult than expected. They were thinking about a joint venture partner for the refinery. To clearly analyze the possibility of bringing a joint venture partner, they engaged Barclays Investment Bank and Jeffries Financial Group.

Delta plans to invest 120 Million USD during the quarter to maintain and improve the refinery. Agilyx also plans to build a production plant near the refinery, around 25 miles southwest of Philadelphia, in the town of Trainer.

With this effort, Delta does a big step forward in the search for a cost-effective low-carbon aviation fuel.