The Agilyx Q3 update shows an improvement in gross profit as the focus now moves towards the core conversion business. Cyclyx has seen weaker sales from lower customer production capacity earlier in the year but we expect the business to be improved going forward from the injection of new capital and wider support, not least from new partner LyondellBasel. For the core Agilyx business the immediate focus is on the Toyo project which is making good progress with commissioning expected in Q1 2024.
28 Nov 2023
Agilyx - Toyo Commissioning In Sight
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Agilyx - Toyo Commissioning In Sight
The Agilyx Q3 update shows an improvement in gross profit as the focus now moves towards the core conversion business. Cyclyx has seen weaker sales from lower customer production capacity earlier in the year but we expect the business to be improved going forward from the injection of new capital and wider support, not least from new partner LyondellBasel. For the core Agilyx business the immediate focus is on the Toyo project which is making good progress with commissioning expected in Q1 2024.