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.

The facility, located in Texas, US, will involve a $135m investment by Cyclyx’s joint venture partners Agilyx, ExxonMobil, and LyondellBasell.

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

This feedstock will cater to customers utilising both mechanical and advanced recycling technologies.

Chemical recycling technology provider Agilyx's $67.5m investment, funded through equity and green bond financing, reflects its 50% stake in Cyclyx.

Agilyx CEO Ranjeet Bhatia said: "We 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. 

"This investment helps redirect plastic waste away from landfills, integrating it into a circular economy as valuable feedstock for all plastic recyclers."

CCCs are designed to accept diverse plastic waste streams, including those not typically accepted in current US recycling programmes.

Cyclyx is exploring additional CCCs in major US hubs as part of its strategy.

Agilyx demonstrated its depolymerisation technology in Japan earlier this year at Toyo Styrene’s facility, recycling ten tons per day of post-use polystyrene into styrene monomer.

This monomer is used to produce polystyrene products with a reduced carbon footprint compared to those made from virgin materials.