Brief: Agilyx ASA Says Signed MoU With UK based Global Petrochemical Co
01/09/2022 16:32
Sept 1 (Reuters) - Agilyx ASA AGLX.OL :
* GLOBAL PETROCHEMICAL AND CO SIGN A MEMORANDUM OF
UNDERSTANDING
FOR DEVELOPMENT OF EUROPEAN CHEMICAL RECYCLING FACILITY
* IT IS EXPECTED THAT PROJECT WILL ENTER CONSTRUCTION AFTER
COMPLETION OF FID PACKAGE IN APPROXIMATELY 18 MONTHS
* AGILYX-MOU INCLUDES AGREEMENT TO HAVE OFFTAKE ARRANGEMENT,
WOULD
ALLOW SUBSEQUENT CONSTRUCTION TO BE FUNDED BY MOU
COUNTERPARTY/THIRD PARTY FINANCING
Source text for Eikon: ID:nObiVMVN8a
Further company coverage: AGLX.OL
((Reuters.Briefs@thomsonreuters.com;))