Monday, December 19, 2011

Waste Management Boosts Plastics-to-Oil Firm

Houston-based Waste Management has made another investment in plastics-to-oil company Agilyx, Agilyx said today. Agilyx, a developer of processes which converts unwanted plastic waste back into crude oil, said it has raised $25M in a Series C funding round, which came from Keating Capital, Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, Chrysalix Energy Venture Capital and Reference Capital. Waste Management was already an investor in Agilyx. Waste Management, along with KPCB, led an April Series B funding round for Agilyx, worth $22M. Agilyx is based in Oregon. More information »