Home Back Issues October 2011 Trash to cash: Agilyx turns waste plastic into crude oil

Trash to cash: Agilyx turns waste plastic into crude oil

| Print |  Email
Articles - October 2011
Thursday, September 22, 2011
Article Index
Trash to cash: Agilyx turns waste plastic into crude oil
Page 2
Page 3

 

1011_Tactics_02
1011_Tactics_03
1011_Tactics_04
Photos by Katharine Kimball

“We want to put the technology where the waste is, rather than moving the waste to the technology,” says Ulum. “It doesn’t make sense to unnecessarily transport garbage. It doesn’t add value. It just adds cost and carbon emissions.”

Ulum says the systems can be scaled to fit the partner’s needs and will generally sell for between $4 million and $6 million, enabling waste handlers to boost profits and create jobs by producing and selling oil. Oil produced at these facilities will be pre-sold to refineries under contract with Agilyx and distributed through existing pipeline infrastructure. “We just take care of the systems,” says Ulum. “We take advantage of the refining infrastructure and the billions of dollars that have been invested there, and we sell our oil through those existing channels.”

The company has closed a deal on its first factory in the southeastern U.S. with an unnamed partner and is nearing a second deal in the Pacific Northwest.

Following this model, Ulum says Agilyx will ultimately create more jobs indirectly than it will directly. “We have the potential to become very big,” he says. “But we will create more jobs in towns like Spokane and Medford than we will here… These operations tend to be in economically distressed regions. This is precisely where we need good, living-wage jobs. Our system runs 24 hours a day, seven days a week. It can   be a job engine that just keeps chugging along year after year, and growing.”



 

Comments   

 
Sustainable   Business
0 #1 Right on!Sustainable Business 2011-10-04 14:31:34
What a terrific idea, good job guys. I'm a little unclear what position you are going for in the market (factory operator, technology leaser, refinery contract negotiator?) but I am sure you will figure it out.
Quote | Report to administrator
 

More Articles

November/December Preview: Revenge Forestry

News
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

Seneca AW46A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS