Agilyx Eyes IPO for Plastic-to-Oil

4/1/11Follow @curtwoodward

Tigard, OR-based Agilyx, which turns plastic into synthetic oil, is gauging a possible public offering after raising a $22 million Series B round. The new investment was led by Kleiner Perkins Caufield & Byers, and included Vancouver, BC’s Chrysalix Energy Venture Capital, Waste Management, and Total Energy Ventures International. Chrysalix’s Brian Wawro told the Portland Business Journal that Agilyx is already discussing IPO possibilities with bankers and could target the end of 2012. But CEO Chris Ulum was more circumspect, telling the Journal that an IPO is one of several potential options.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @curtwoodward

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  • Leslie Stevens

    One by one small gains are being made in the reduction of contents filling our landfills. Recently I saw some pieces on shows like CNN and the journal with Joan Lunden on PBS that were talking about issues and solutions for industrial recycling. Along with things like zero waste policies urban mining and now waste companies finding ways to profit from being more efficient we could really see a drastic difference in the next few decades. I think there is a battle ahead but I for one see hope.