TriPlast to expand with $40.45 mn investment in Austria

Agilyx ASA (OSE: AGLX;  ISIN NO0010872468, WKN A2QGQ) (“Agilyx” or the “Company”) announces that TriPlast, GreenDot Global’s leading-edge sorting plant in Ennshafen, Austria will undergo a significant €35 million expansion to meet the increasing demand for advanced recycling feedstock.

On an annual basis, the new facility, which will be built adjacent to the existing plant, will process up to 41,000 tons of sorted waste plastic into high-quality advanced recycling feedstock suitable for use in sensitive applications such as food packaging.  The three equal owners, Altstoff Recycling Austria AG (ARA), Bernegger and GreenDot expect the project to be primarily financed by existing grants and bank lending and that the new facility begin production at the end of 2026.

Since starting operations in July 2024, the existing TriPlast facility has exceeded expectations,  operating at full throughput capacity and achieving an 85% yield. Utilizing state-of-the-art sensors capable of identifying 24 distinct waste fractions, TriPlast effectively sorts materials collected through Austria’s "Yellow Bag" and "Yellow Bin" programs. The plant´s throughput capacity of 100,000 tons per year is sufficient to process approximately 50% of Austria's annual volume of lightweight plastic and metal packaging. A diverse team of 70 employees from 21 nations works on-site.

Currently, 30% of TriPlast’s output is sent to GreenDot facilities in Germany for mechanical recycling.  The output from the new facility will help support GreenDot´s advanced recycling feedstock pipeline.

“TriPlast is a compelling best practice example of a cross-border circular economy initiative, says Laurent Auguste, CEO of GreenDot. “Together with our operations in Italy, our Austrian activities are critical investments to support GreenDot´s rapidly expanding number of European customers seeking supply of advanced recycling feedstock”.

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ALCHEMPro News Desk (HU)