Alternative Energy Company Agilyx Raises $25 Million

Agilyx Corporation, an alternative energy company converting difficult-to-recycle waste plastics into high value synthetic oil, has raises $25 Million. In 2010, Agilyx opened a demonstration facility in Tigard, Oregon, capable of processing and converting 10 tons of plastic waste into approximately 55 barrels of oil (~2,300 gallons) per day. The resulting synthetic oil – a drop-in replacement for fossil crude – is currently shipped to a refinery in the Pacific Northwest.