Plas2Fuel opens showcase facility, changes name to Agilyx
Date: Friday, June 4, 2010, 3:05pm PDT - Last Modified: Sunday, May 8, 2011, 4:29pm PDT By Christina Williams
Plas2Fuel, a startup that converts plastic into synthetic oil, celebrated the opening of its demonstration facility in Tigard Friday and announced it will change its name to Agilyx.
Plas2Fuel, which recently received the Department of Environmental Quality air quality permit required to begin its recycling activities at the Tigard site, uses a batch process to convert about 10 pounds of waste plastic into a gallon of synthetic sweet crude oil.
"We run our showcase facility around the clock," said Chris Ulum, Agilyx CEO. "The oil we make pays for it."
The company's technology has captured the attention of organizations such as TechAmerica Oregon which awarded the company with its "cool product of the year" award in May.
Investors in Plas2Fuel include Chrysalix of British Columbia; Reference Capital of Portland; and Saffron Hill Ventures of London.
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