Waste Management, Total invest in Agilyx, waste plastics-to-crude oil pyrolysis
Jim Lane | April 4, 2011
Converting waste plastics into crude oil for fuels, chemicals, Agilyx has landed major upstream, downstream strategic investors in Waste Management and Total. Why is their technology so compelling? [...] The upstream partner: Waste Management
“The stars were aligned on this one,” Tim Cesarek, managing director of Organic Growth at Waste Management told the Digest. “In our previous investments, we had found fermentation and thermochemical waste conversion technologies with companies like Terrabon, Harvest Power and S4 – this was an opportunity with a pyrolysis technology that had the right strategic investors like Total and Kleiner, was deployable at the right scale for our customers, and produces high value commodities from the waste stream.”
The downstream partner: Total
“As a major plastics manufacturer and as an oil refining company, Total is pleased to support the further development of Agilyx, whose technology offers a scalable economic option to recovering waste plastics,” said Manoelle Lepoutre, senior vice president Sustainable Development and Environment for TOTAL SA, and president of Total Energy Ventures International. [...]
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