Agliyx is on the cusp of doing something.
"Ulum said Agilyx, which has several deals in progress, hopes to have up to four projects under development by the end of 2011."
Unlike JBI which has a signed deal with a multiBillion Dollar company.
Of course it won't be nearly as profitable as JBI since it's margins are so much smaller.
"Brian Wawro, senior vice president of investment with Chrysalix, said the Agilyx system can produce oil at around $45 per barrel, far below the current worldwide average of $110 per barrel."
And they are converting small amounts of plastic to fuel.
"To date, Agilyx's Tigard headquarters — where it showcases its technology in a demonstration facility — has converted 1 million pounds of plastics, producing more than 130,000 gallons of light sweet crude that for the past two years has been shipped to a refinery in Tacoma."
"Since last fall, the Tigard operation has been processing waste plastics non-stop seven days a week."
1,000,000 pounds sounds like a lot until you convert it to tons
then you discover that ""Since last fall, the Tigard operation has been processing waste plastics non-stop seven days a week" they have processed only 500 tons of plastic.
That is just 25 days of production at 20 tons per day.
Doesn't seem like they can process very much plastic if they have been running 24/7 since last fall.
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