Agilyx - private placement - USD 15m
The net proceeds from the Private Placement will be used for the late stage engineering of a previously announced Polystyrene (PS) project with AmSty in the US, with an expectation of this entering construction within 12 months; and initiate development through final investment decision (FID) of a new 100 TPD PS project in Europe off the basis of a signed MOU with a UK based Petrochemical major as announced on 1 September 2022. The Company expects this project to enter construction after completion of the FID package in approximately 18 months.
We are grateful for the vote of confidence and congratulates the Agilyx ASA team with the successful transaction!
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