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Houston plastics circularity center reaches new milestone — and more things to know this week

The Houston area's Cyclyx Circularity Center is one step closer to reality — and more to know this week. Photo courtesy of Cyclyx

Editor's note: It's a new week — start it strong with three quick things to catch up on in Houston's energy transition: an event not to miss, a Q&A to check out, and more.

Circular plastics project in Houston takes one more step toward becoming a reality

Cyclyx International, a joint venture that Houston-based ExxonMobil recently bought into with Agilyx and LyondellBasell, announced that it has made a final investment decision to build the first Cyclyx Circularity Center.

"This milestone is evidence of the real progress we are making to increase the circularity of plastic waste as a resource," Joe Vaillancourt, CEO of Cyclyx, says in a news release. "The first-of-its-kind CCC in Houston will serve as a blueprint, which we can replicate across the U.S. to progress our long-term goal of increasing the recycling options for plastic waste. Cyclyx is proud to be an innovator and enabler for unlocking plastic's potential."

Houston organizations ExxonMobil and LyondellBasell have committed $135 million into Cyclyx to fund operating activities and construction costs, which is expected to begin in mid-2025.

Event not to miss

There's one last energy-related event for the year. On December 19, the UH Tech Bridge's Innov8Hub Pitch Day is your last chance of the year to network with industry experts, and discover the next big thing. Register.

Why Cindy Taff is betting on geothermal

There's no silver bullet to the energy transition, but Cindy Taff of Sage Geosystems is pretty positive geothermal energy is going to be a power player in the mix of technologies sure to make a difference. In a Q&A with EnergyCapital, she explains why she's so optimistic about geothermal and her company's technology — and why the traditional oil and gas industries should take note.

"My extensive experience in both geothermal and the O&G sector is a testament to the synergistic relationship between these industries. The skills honed in O&G are not only transferable—they are essential to advancing geothermal technologies," she tells EnergyCapital. She adds that "the O&G industry can make a huge impact to geothermal by systematically driving down costs while scaling up, which is exactly what we did for unconventional shales." Read the full interview.

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A View From HETI

Ace Green Recycling has secured a deal that will supply 100 percent of its phase one recycling capacity at its forthcoming Texas flagship facility. Photo courtesy Ace Green Recycling.

Houston- and Singapore-headquartered Ace Green Recycling, a provider of sustainable battery recycling technology solutions, has secured a 15-year battery material supply agreement with Miami-based OM Commodities.

The global commodities trading firm will supply Ace with at least 30,000 metric tons of lead scrap annually, which the company expects to recycle at its planned flagship facility in Texas. Production is expected to commence in 2026.

"We believe that Ace's future Texas facility is poised to play a key role in addressing many of the current challenges in the lead industry in the U.S., while helping the country meet the growing domestic demand for valuable battery materials," Nishchay Chadha, CEO and co-founder of Ace, said in a news release. "This agreement with OM Commodities will provide us with enough supply to support our Texas facility during all of its current planned phases, enabling us to achieve optimal efficiencies as we deploy our solutions in the U.S. market. With OM Commodities being a U.S.-based leader in metals doing business across the Americas and Asia with a specialty in lead batteries, we look forward to leveraging their expertise in the space as we advance our scale-up efforts."

The feedstock will be sufficient to cover 100 percent of Ace's phase one recycling capacity at the Texas facility, according to the statement. The companies are also discussing future lithium battery recycling collaborations.

"Ace is a true pioneer when it comes to providing an environmentally friendly and economically superior solution to recycle valuable material from lead scrap," Yiannis Dumas, president of OM Commodities, added in the news release. "We look forward to supporting Ace with lead feedstock as they scale up their operations in Texas and helping create a more circular and sustainable battery materials supply chain in the U.S."

Additionally, ACE shared that it is expected to close a merger with Athena Technology Acquisition Corp. II (NYSE: ATEK) in the second half of 2025, after which Ace will become a publicly traded company on the Nasdaq Stock Market under the ticker symbol "AGXI."

"As we continue to scale our lead and lithium battery recycling technologies to help support the markets for both internal combustion engines and electric vehicles, we expect that our upcoming listing will be a key accelerator of growth for Ace,” Chada said.

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