Where are you headquartered?
Can you process any kind of plastic?
Yes. Our licensed system is versatile enough to handle all types of plastic...1-7.
Is the facility currently operating?
Yes. Our licensor, Agilyx Corporation, has a fully commercialized operating facility, while GenAgain facilities are under development.
Is the oil produced currently being sold?
Yes. Our licensor, Agilyx Corporation, is selling tanker quantities of high value oil.
Is there a permit issued to operate in the United States?
Yes. Our licensor, Agilyx Corporation, is fully permitted, with additional projects underway in several states.
Has a Greenhouse Gas/Carbon Footprint analysis been performed?
Yes. The results show that the net carbon footprint of the technology is favorable.
What is your target market(s)?
We intend to build and operate patented and proven technology to process mixed waste plastics from large producers and/or recyclers of waste plastic (post-industrial market segment) and material recovery facilities (MRFs) and transfer stations (post-consumer market segment). In addition, the synthetic crude oil produced by our systems is sold to refiners or specialty petrochemical processors, or it is consumed on-site.
Who are your competitors?
This is an emerging market...less than a handful. In the coming years, there will likely be several new entrants, however, our licensor is leading the way in technology.
Is the process patented?
Yes. Our licensor's technology is patented
What kinds of petroleum products are produced by your technology?
Primarily ultra-sweet, synthetic crude oil, which can subsequently be refined either onsite via standard microrefinery technology or at existing refineries. But other valuable ancillary petroleum products may be produced as well.
How much plastic does it take to make a gallon or barrel of oil?
It totally depends on the waste plastic feedstock, but an average of 8.5-10 pounds of plastic for one gallon of synthetic crude oil is a reasonable conversion factor.
What if the price of oil drops?
The era of cheap oil is over - new discoveries are generally harder to find, more expensive to extract, more expensive to refine, and/or in environmentally sensitive areas. And the alternatives to the Middle East (Caspian Sea basin, African sub-continent, South America) have the same types of political unrest we find in the Middle East. The world is now consuming around 1000 barrels of oil per second, so the prices are likely to remain elevated, over time. Still, our business is viable even if prices decline.
Please contact us if you have additional questions not addressed here.