The first company in the world to economically convert difficult-to-recycle waste plastics into crude oil.
Problem they are Solving?
The billions of pounds of mixed plastic waste reaching landfills each year and the continued thirst for oil.
Small, affordable, scalable systems for turning mixed plastic waste into sweet crude oil – at ~ $40/barrel - without requiring sorting or extensive pre-processing.
Chrysalix take from Portfolio Manager,
What is the insight that led to Chrysalix investing?
Chrysalix is of the view that the waste to energy space will be dominated by those technologies that are modular and scalable and can utilize multiple types of feedstocks. With very few new landfills being developed and increasingly stringent incineration standards being imposed, producers of waste plastic are facing significantly increasing tipping fees that are damaging the economics of their businesses. Agilyx provides an economic alternative to landfilling and incineration of the world’s waste plastics.
What is the company’s biggest strength?
Agilyx has developed the only known mixed waste plastic to oil conversion technology that accepts ALL types of waste plastic. In addition, the Company has signed the only known waste to oil off-take agreement with a large US oil refiner. With strong links to all of the large waste plastic producers in the US and significant interest world-wide, the Company is very well positioned for significant early revenue growth and a market leadership position in this
What is the implication of this company being successful?
Each year several hundred million tons of waste plastic is landfilled or dumped into the oceans. With significant amounts of potential energy stored in each pound of waste plastic, Agilyx’s technology holds the promise of unlocking a very significant new source of energy while at the same time, solving a significant waste and health issue. The Company’s technology is currently being reviewed as having significant potential for cleaning up the Pacific Gyre, a vast floating garbage dump in the Pacific Ocean. This technology is indeed a game changer.