{"id":4057,"date":"2024-11-28T05:51:28","date_gmt":"2024-11-28T10:51:28","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=4057"},"modified":"2024-11-28T05:51:28","modified_gmt":"2024-11-28T10:51:28","slug":"cyclyx-secures-135m-for-new-ccc-in-texas","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=4057","title":{"rendered":"Cyclyx secures $135m for new CCC in Texas"},"content":{"rendered":"


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CCC2 is set to open in H2 2026. Credit: Deemerwha studio via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Cyclyx International has reached a final investment decision for a second Cyclyx Circularity Center (CCC2), which will help provide the infrastructure required for a plastic circular economy.<\/p>\n

The facility, located in Texas, US, will involve a $135m investment by Cyclyx\u2019s joint venture partners Agilyx, ExxonMobil, and LyondellBasell.<\/p>\n

Once operational in the second half (H2) of 2026, CCC2 will produce approximately 300 million pounds (mlb) of plastic waste feedstock annually.<\/p>\n

This feedstock will cater to customers utilising both mechanical and advanced recycling technologies.<\/p>\n

Chemical recycling technology provider Agilyx\u2019s $67.5m investment, funded through equity and green bond financing, reflects its 50% stake in Cyclyx.<\/p>\n

Agilyx CEO Ranjeet Bhatia said: \u201cWe are thrilled to achieve this important milestone in expanding the CCC network. Combined, CCC1 and CCC2 will have the capacity to produce an estimated 600 million pounds of plastic feedstock annually.\u00a0<\/p>\n

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