Plastic2Oil Inc (PTOI)

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TECH TURNS JUNK PLASTICS INTO DIESEL
Billions of tons of "end-of-life" plastics could be diverted from landfills and turned into gas for vehicles.

“In the next couple years, we are going to see these technologies installed and commercial availability is going to escalate,” said Greg Wilkinson, president of Third Oak Associates, a Toronto-based environmental consulting firm. “It seems almost like science fiction, but the technology is now here.”

Cynar just signed a deal to build 10 plastic-to-diesel plants throughout the United Kingdom, and hopes to open others in Canada and the United States by the end of 2012.

In Portland, Ore., Agilyx is running a demonstration plant that turns mixed waste plastic brought in from local suppliers into crude oil, which it sells to a Seattle-based refinery.

“We’ve shipped 21 truckloads of crude oil derived entirely from garbage plastic,” said Agilyx CEO Chris Ulum. “That’s 170,000 gallons of crude oil that didn’t have to come out of the ground or be imported from outside the country.”

http://news.discovery.com/tech/tech-turns-junk-plastics-into-diesel-110623.html