cyclyx international, llc

In its earnings presentation, the company reports shipments in this segment increased 5 percent on a sequential basis in the fourth quarter of 2020, driven by a 7 percent increase in shipments of converted products in all market segments, which is a reflection of weaker shipment levels in the prior quarter related to COVID-19s impact on demand levels, primarily for away-from-home converted products. vOut += aTags[i].trim().replace(reg, '-').substring(0,40); Dows portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. The company adds that its tissue operations in Pennsylvania ceased in December 2020. The Scrapper series scales are ideal for scrap yards, recycling centers. The company says its net debt was at $1,679 million as of Dec. 31, 2020, compared with $1,982 million as of Sept. 30, 2020, which Cascades says reflects solid cash flow from operations. In 2020, total capital expenditures paid net of disposals were at $195 million compared with $231 million in 2019. It has accomplished this by harnessing its deep industry domain knowledge and expertise in the physical sciences to inform and create new digital capabilities with AL, ML, and predictive modeling and analytics at GEs Research Center. Agilyx Corp., Tigard, Oregon, a wholly owned subsidiary of Oslo, Norway-based Agilyx AS, has partnered with ExxonMobil to form Cyclyx International LLC Jan. 1. In a late January news release announcing the mills startup, Posada remarks, With this new paper mill, we will be [able to produce] more than 1 million tons of recycled paper per year, [adding] the component of lightweight paper, balancing the equation between paper and packaging to become totally integrated.. Our energy expertise spans from renewable wind energy to emission-reducing natural gas, as well as physical and digital solutions to modernize the grid connecting it all. Sealed Air has pledged to advance or design 100% of its solutions to be recyclable or reusable by 2025 and have those solutions contain on average 50% recycled or renewable content. Explore a timeline of GE technologies that have spurred transformation across the world. Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors. About Cyclyx International, LLC. contact, 14-Apr-2022 Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. Number 8860726. The companys mission is to increase the recycling rate of plastics from 10% to 90% by using Cyclyxs expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. It was a privilege being part of MRFF, which not only helped identify ways to curbside collect and recycle flexible packaging but also identified end markets that we could leverage within our facilities, says Erik Groner, senior principal packaging engineer at Kraft Heinz. Processing & Packaging, Free newsletter Dow delivered sales of approximately $39 billion in 2020. For more information, follow us on social media and visit us at www.agilyx.com. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. The company says the pilot project will be monitored for performance versus standard building materials. Free newsletter var aTags = gptValue.split(','); Registered in England and Wales. { Additionally, Cascades says its Specialty Products and European Boxboard segments generated slightly lower results in the quarter. www.ge.com. var vOut = ""; Dows targets on eliminating plastic waste in the environment align well with Cyclyxs mission to increase the recycling rate of plastics from 10% to 90%.. Over the coming months, Cyclyx will highlight these relationships through additional announcements. Kraft Heinz Co., which is co-headquartered in Chicago and Pittsburgh, has completed a pilot project that demonstrates the use of roof board made from recycled flexible packaging. Honeywells UpCycle Advanced Recycling Tech Enters China. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter. Cascades reports that its fourth-quarter performance was driven by a solid contribution from its Containerboard segment, fueled by stronger-than-expected demand on both the manufacturing and converting side. (Cyclyx) is a post-use plastic feedstock management company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. In its fourth quarter, the company had an operating income of $109 million compared with $73 million in the third quarter of 2020 and an operating loss of $1 million in the fourth quarter of 2019. We initially developed Cyclyx to help source plastic feedstocks appropriate for facilities we are currently developing on three different continents. Cyclyx redirects more difficult to recycle plastic into recycling by tapping into extensive data on the chemical composition of post-use plastics and using AI and predictive analytics to put it to use. According to a news release from Cardinal Scale, the Scrapper uses high-tensile-strength, prestress concrete (PSC) deck weighbridge that is 10-feet wide with lengths up to 52-feet long. Mario Plourde, president and CEO of Cascades, says the companys consolidated adjusted OIBD of $166 million surpassed the companys cautious outlook for the period, representing an increase of 2 percent sequentially and 9 percent year over year, driving profitability to a record level for a third consecutive year. In addition, Cardinal Scale offers single-source convenience and quality construction using stainless steel model CBC compression load cells. The company had net earnings per share of $2.04 in 2020 compared with 77 cents in 2019. Cyclyxs aim is to transform the current supply chain and help accelerate the growth of the advanced recycling industry by connecting companies looking for plastic waste solutions with customers engaged in recycling initiatives, according to a news release issued by Agilyx. Subscribe, By Jim Cornall GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. return vOut; Over the past 16 years, through extensive research and commercial operations, Agilyx claims to have developed the industrys largest database and predictive analytics around the chemical complexity embedded in waste plastics. }); Dr Ron Cotterman, vice president of sustainability innovation and strategy at Sealed Air will join the groups executive advisory board. 14-Apr-2022 at 09:17 GMT. The overarching goal of Cyclyx is to dramatically increase the recyclability of post-use plastics with a priority on fully circular pathways. By joining the Cyclyx consortium, we are building on our goals to innovate solutions and create a better circular economy for the essential plastics our society relies on every day, said Cotterman. Over the last 16 years, through extensive research and commercial operations, Agilyx has developed the industrys largest database and predictive analytics around the chemical complexity embedded in waste plastics. It has accomplished this by harnessing its deep industry domain knowledge and expertise in the physical sciences to inform and create new digital capabilities with AI, ML, and predictive modeling and analytics at GEs Research Center. The addition of Exxon to Cyclyx does not impact the work being done with GE, she adds. Sealed air, Packaging, Recycling, Sustainability, Plastic Explore GEs recent and historic SEC filings. Cascades says its net earnings per share totaled 72 cents in the fourth quarter of 2020 compared with 51 cents in the third quarter of 2020 and a net loss per share of 27 cents per share in the fourth quarter of 2019. According to the packaging producer, it achieved sales of $1,284 million in its fourth quarter, which ended Dec. 31, 2020, compared with $1,275 million in the third quarter of 2020 and $1,227 million in the fourth quarter of 2019. The lifting lugs and a foundation template are included with each PSC truck scale to ease the installation. COVID-19 caused delays, but Mexico City-based Grupo Gondi has reported that its new 400,000-metric-tons-per-year containerboard mill, fed with scrap paper, began producing its first rolls in January. Portsmouth, NH., June 30th, 2020 Agilyx Corporation (Agilyx), a leader in chemical recycling, today announced that it is leveraging its existing post-use plastic feedstock management system to create a new subsidiary company Cyclyx International, Inc. (Cyclyx). Additionally, Reno De Medici S.p.A. had announced the signature of a put option for the sale of Cascades French subsidiary, which produces virgin fiber-based boxboard, in February 2021. The company tested roofing made from postconsumer flexible plastic at two of its manufacturing plants in Wisconsin and Michigan. Were excited to welcome Dow to Cyclyx and Mary-Jane to the executive advisory board, stated Joe Vaillancourt, CEO of Cyclyx. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. In the summer of last year, Agilyx announced that Cyclyx International Inc., which was formed in 2019, had signed a licensing agreement with Boston-based General Electric (GE) to use its artificial intelligence technology (AI) to jointly develop a set of AI tools to improve recycling options for end-of-life plastics through Cyclyxs customized demand approach, thereby increasing the recyclability of this material, says Kate Ringier, vice president, communications and government affairs, Agilyx GmbH. Additionally, Plourde says he predicts higher average old corrugated container (OCC) costs in the near-term future, increasing in line with usual seasonal trends of the period. Read GEs 2022 Proxy Statement, vote your shares and access the 2022 Annual Meeting. Copyright 2022. Explore the latest stories, news, downloads, and press tools. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GEs mission and deliver for our customers. Cardinal Scale, Webb City, Missouri, offers its Scrapper series truck scales that are engineered specifically for scrap yards, recycling centers and landscaping facilities that require a medium-duty National Type Evaluation Program (NTEP) legal-for-trade scale at an economical price. function sanitize_gpt_value2(gptValue) We build intelligent devices, data analytics, applications and services to enable healthcare practitioners to deliver care more efficiently and with better outcomes. Cascades says its net earnings per share totaled 72 cents in the fourth quarter of 2020 compared with 51 cents in the third quarter of 2020 and a net loss per share of 27 cents per share in the fourth quarter of 2019. According to its earnings report presentation, shipments within the Packaging Products and Containerboard segment decreased 3 percent sequentially, driven by a 6 percent decrease in manufacturing shipments that reflects 1 percent lower capacity utilization rate and higher integration rate in the current period. Cyclyx is currently establishing partnerships with companies in diverse sectors, including petrochemicals, waste and recycling, and retail, as well as municipalities. for (var i=0; i < aTags.length; i++) Creating the energy technologies of the future and improving the power networks that we depend on today. The Cyclyx platform is designed as an industry consortium comprising partners across the value chain, which will enable Agilyx and GE to have much broader impact across industry sectors with innovative plastic recycling solutions. The overarching goal of Cyclyx is to dramatically increase the recyclability of post-use plastics with a priority for fully circular pathways as well as assisting in the development of new supply chains that will aggregate and preprocess larger volumes of post-use plastics than current systems can support. Kraft Heinz says its using flexible plastic packaging in materials across its product portfolio. Agilyx Launches Feedstock Management Company Cyclyx International, A Powerful Tool for Reverse Engineering of Polymer Films & Other Materials, High-load ball screws bring greater force, larger parts to electric injection molding, Achieve 20 times greater efficiency at color and material changeover, New Rapid-Cure, Self-Adhesive LSR Forms Firm Bond with Polycarbonate, Massless Prototyping an Energy-Saving Alternative to 3D-Printed Physical Parts, Polymers Enhance Tractor Functionality and Efficiency, Plastics Exec Recruitment Firm Grows with Industry, Hanwha Delivers Carbon-Fiber-Reinforced Hydrogen Tanks to Shell, Allowed HTML tags:

. Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth.

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