Agilyx uses a patented, fully permitted process that converts ground waste plastic into synthetic crude oil. The Agilyx base system consists of four primary vessels as shown below and the associated secondary processing equipment. This base system is capable of converting approximately 10 tons of plastic into approximately 60 barrels (or approximately 2,400 gallons) of oil per day.
The Agilyx technology provides for the ability to scale the processing capacity to meet a customer's requirements in increments of 10 tons per day by combining multiple base systems together. One common exhaust system manages the hot air produced by all of the processing units, while one state-of-the-art Environmental Control Device scrubs all of the noncondensable gases, ensuring that the system meets the most stringent air quality requirements. The innovative Supervisory Station, with touch screens and a graphical user interface, allows operators to easily monitor and manage all parts of the system from one central location.
The round also features participation from some giants in the world of waste and energy: Houston-based Waste Management Inc., the nation's largest waste industry player with $12.5 billion in revenue last year, and Paris-based Total S.A., one of the world's biggest gas and oil exploration companies with annual revenue of nearly $225 billion.
As part of Waste Management’s investment, the companies will form a strategic partnership through which they will look for various locations across North America where Waste Management can implement the Agilyx technology, said Tim Cesarek, the Houston company’s managing director for corporate development.
"There's a vast amount of waste plastic feed stock out there and no good solutions to getting rid of it," Wawro said. The Agilyx technology addresses "a lot of pain points for both the small folks that have to deal with waste plastic and is potentially a huge revenue source for somebody like a Waste Management or the large aggregators that touch 40 or 50 percent of the waste plastic we see out there."
