Agilyx and Kumho Petrochemical are partnering to explore the development and construction of a new chemical recycling facility in South Korea to turn post-use plastics into raw material for tires. The project would utilize Agilyx’s unique and novel chemical recycling technology to produce pure styrene from post-use polystyrene (PS). The styrene would be used as a virgin equivalent raw material to produce solution styrene butadiene rubber (SSBR), a new pathway for PS into SSBR. Collaboration with Agilyx will give Kumho Petrochemical an opportunity of proposing new line of eco-SSBR products to most of our customers who prefer sustainable products.