GreenDot and Agilyx have executed an MOU to leverage GreenDot’s preferred access to plastic waste through its leading position in Germany’s Extended Producer Responsibility (EPR) sector. Under the collaboration, GreenDot would supply waste polystyrene feedstock to Agilyx’s Styrenyx plants for advanced recycling into styrene monomer.

The initial efforts are anticipated to produce up to 20,000 tons of customized plastic feedstock per year suitable for applications targeted by Agilyx in the European Economic Area (EEA). It is the intention of the collaboration to prioritize supply of the recycled styrene monomer to brand owner customers of GreenDot’s EPR business to help them in achieving the recycled content targets of the newly implemented Packaging and Packaging Waste Regulation (PPWR).

GreenDot CEO Laurent Auguste commented: “We have unique access to high volumes of waste plastic through our existing programs, and the expertise and capacity to produce advanced recycling feedstock. We are pleased to collaborate with Agilyx to increase the recycling rates of polystyrene. Along with our rPE and rPP offerings, providing our existing global brand customers with access to recycled polystyrene helps close the loop on their packaging needs”. 

Agilyx CEO Ranjeet Bhatia commented: “We are very pleased with this agreement and the synergy of GreenDot’s early mover in the European advanced recycling feedstock industry and our Styrenyx plants which are the industry’s first commercial solution for scalable recycling of waste polystyrene. We are excited to take this important step to establish a cost-effective, stable and long-term sourcing partnership with GreenDot.”