Replies to post #174182 on Plastic2Oil Inc (PTOI)

[apvermee]

or WM couldn't get a large enough percent ownership of JBI that they invested in the next best thing...

the funny thing is the next best thing following JBI in the plastic 2 oil industry is a huge step down.

now that I think about it...WM should have invested in wastewater treatment in order to get a better ROI on the sewage Agilyx makes...

[Rawnoc]

Since there is no evidence that Waste Management "invested millions" in Agilyx, yes, it does speak volumes.

The lead investor was $4 million, and it wasn't even Waste Management. The average investment was under $2 million or so.

What did Waste Management invest? $500k?

Interesting that not only does Waste Management invest in dozens of waste-to-energy companies (virtually all failures) as part of their greenwashing campaign, but their typical investment size they've been quoted as saying is $5 to $10 million. Yet they didn't invest in Agilyx anything close to their typical investment size in other FAILURES. In fact, their investment was so tiny, it is worth only a fraction of the cost to buy a single Agilyx machine.

Speaks Volumes, doesn't it?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73848267

[scion]

Waste Management and Agilyx Announce Strategic Investment

http://tinyurl.com/6nhynkg

Waste Management joins Kleiner Perkins Caufield Perkins and Total Energy Ventures

FOR MORE INFORMATION
Media
Waste Management
Wes Muir
713.328.7053
[e-mail]
Agilyx
Sarah Quon
Magnolia Communications
[phone]
[e-mail]

HOUSTON and PORTLAND - March 31, 2011 - Waste Management, Inc. (NYSE: WM) and Agilyx Corporation, today announced a strategic investment by Waste Management in Agilyx as part of Agilyx’s new financing round.

The closing of this new round of financing which generated $22 million comes from Kleiner Perkins Caufield & Byers (KPCB ) and Total Energy Ventures, International, an affiliate of oil and gas major Total S.A. (NYSE: TOT). Existing investors, Chrysalix Energy Venture Capital, Saffron Hill Ventures, and Reference Capital also participated in the round. Agilyx is the first company to economically convert difficult-to-recycle waste plastic into high quality synthetic crude oil.

Agilyx’s fully-permitted, patented waste plastic conversion technology recycles mixed waste plastic into synthetic crude oil in a scalable, versatile, and environmentally-beneficial manner. Its expertise is in its efficient, anaerobic thermal reclamation process and in the commercial application of this process, including building and operating commercial-scale systems, and successfully marketing synthetic crude oil as a feedstock to existing petroleum refineries. The Company deploys its systems with companies engaged in the management of plastic waste streams.
“This latest investment in Agilyx represents a significant milestone for our company,” said Chris Ulum, chief executive officer of Agilyx Corporation. “With these funds and strategic partners at our side, we are well positioned to help our customers and the communities in which they operate improve the diversion and recovery of waste plastics, and create new local sources of crude oil. By providing this alternative while the world’s insatiable appetite for oil continues, our solution can offset the use of fossil crude oil and create new cleantech jobs in the process.”

“Waste Management wants to maximize the value of the materials it manages”, said Tim Cesarek, managing director of Organic Growth at Waste Management. “Agilix’s technology complements Waste Management’s advancement of thermal chemical conversion technology platforms and provides us with a viable option for processing contaminated and hard to recycle plastic resins and creating a high value commodity.”

Agilyx’s facility near Portland, Oregon is the largest commercially operational waste plastic to synthetic crude oil facility in North America. The Company was the first of its kind to successfully permit in the U.S. and has the first refinery off take agreement in the industry.

http://tinyurl.com/6nhynkg

[StockSnyper]

And then went right out and invested millions in venture capital into Agilyx, and set up two new subsidiaries to install and run Agilyx machines, one in Oregon, and one in California.

Speaks Volumes, doesn't it?

Especially since JBI is the only commercial Plastic to Oil company that has 2 plastic devoring Beasts (with #3 about to be let loose) that are producing barrel after barrel of ready to use spec-grade fuel, while Agigoo makes a "gel-like-substance" at a cost 8 to 10 times that of JBI's process. Agigoo's "product" then needs to be blended with oil and refined, before it can be used for anything other than black lumpy goo. Great investment WM - way to go!!