In October, Point Financial funded a $10,000,000 senior secured growth capital loan for Agilyx Corporation, an alternative energy company and leader in a rapidly developing market. Through the use of their proprietary/patented technology, Agilyx offers a clean and paradigm-shifting alternative to the mass amounts of plastic waste normally destined for landfills and incinerators or worse yet, waterways and ocean gyres. The Agylix process essentially consists of reverse engineering the chemical composition of these non-recyclable plastics and converting them into refinery-ready synthetic crude oil.
The Company’s affordable, modular systems are deployed with industrial waste plastic generators as well aggregators who are looking to reduce their carbon impact, stimulate better use of resources and create additional revenue streams.
Among the companies top strategic partnerships and shareholders are, Waste Management, Inc. , Total (French oil conglomerate), Kliener Perkins Caufield & Byers, Saffron Hill Ventures, Chryslx Ventures and Keating Capital to name a few.
Website: www.agilyx.com