Renewable energy company Agilyx Corporation has secured $22 million in Series B funding. Agilyx believes they are the first company to economically covert difficult recycle waste plastic into synthetic crude oil. The monies will be used to expand operations and accelerate the growth of their technology to market. The funding round was led by Kleiner Perkins Caufield & Byers and major investors included but were not limited to Waste Management, and Total Energy Ventures International, an affiliate of Total S.A., a major oil and gas company.
“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.”
The company currently has a fully permitted and patented waste plastic conversion technology that recycles waste plastic into synthetic crude. The process is scalable, versatile and environmentally friendly according to the company. The company is working in conjunction with other companies to help them manage plastic waste streams. Today, Agilyx has an operational facility near Portland, Oregon that is the largest commercial waste plastic to synthetic crude oil facility in the U.S. To date, the company has sold more than 120,000 gallons of its crude oil produced from 1 million pounds of plastic that would otherwise have been incinerated or landfilled.
“Waste Management wants to maximize the value of the materials it manages,” said Tim Cesarek, managing director of Organic Growth at Waste Management. “Agilyx’s technology complements Waste Management’s advancement of thermal chemical conversion technology platforms and provides us with a viable option for processing contaminated and difficult to recycle waste plastics while creating a high value commodity.”
Manoelle Lepoutre, Senior Vice President of Sustainable Development for Total S.A. added, “As a major plastics manufacturer and as an oil refining company, Total is pleased to support the further development of Agilyx, whose technology offers a scalable economic option to recovering waste plastics.”


A new ethanol blender pump opened last week in York, Nebraska thanks to the efforts of the 
According to FOE, Vilsack received 2,424 votes of the more than 6,000 cast and they say he definitely deserves the honor. “With Secretary Vilsack at the helm, the USDA has doubled down on its support for corn ethanol and biofuels.” FOE is asking supporters to sign on to a letter they will deliver to Secretary Vilsack later this month, “congratulating him on earning this honor and thanking him for his efforts to promote dirty biofuels at the expense of a comprehensive agriculture policy that would actually help American farmers who grow food!”
UNICA is expecting a slight increase in ethanol production this year, however. “Ethanol production should reach 25.51 billion liters in the 2011/2012 season, a 0.52% increase compared to the last harvest, when the total reached 25.37 billion liters,” the organization reports. According to UNICA’s Technical Director, Antonio de Padua Rodrigues, increased ethanol production combined with a drop in exports will result in an increase of almost 500 million liters of the biofuel in the domestic supply. “However, this increase in ethanol supply for domestic use is lower than the expected growth in demand, given accelerated sales of flex vehicles,” he said.




U. S. Secretary of Agriculture Tom Vilsack made a visit to St. Louis earlier this week where he was the keynote speaker at the St. Louis Agribusiness Club meeting. As part of his address, he noted the importance of biofuels production for rural economies.