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Fill 'er up with plastic? Waste turned into oil
Rather than recycling plastic, startup Agilyx can bring plastic back to its original source: oil.
The Beaverton, Ore., company yesterday raised $25 million in a series C round of funding, which was led by Keating Capital and joined by existing investors Kleiner Perkins Caufield & Byers, Waste Management, an affiliate of oil company Total, and Chrysalix Energy Venture Capital.
The company, which raised $22 million in March this year, will use the money to develop four plastic-to-oil plants expected to go online in the first half of next year, according to CEO Chris Ulum. Agilyx is now operating its first … Read more
