A New Player In Oil: The Garbage Dump
Mar 15, 2012
http://www.forbes.com/sites/michaelkanellos/2012/03/15/a-new-player-in-oil-the-garbage-dump/#5dc6e2197f22
Chris Ulum, chief executive at Agilyx, says he knows a place where crude oil can be extracted economically, easily and in an environmentally friendly manner.
It’s called the municipal dump.
The Beaverton, Oregon-based company cooks dirty plastics into hydrocarbons that can be subsequently converted into diesel, jet fuel or other petrochemicals. The company has produced over 250,000 gallons at its prototype facility over three years.
By the end of 2013, landfill owners on three continents will be producing millions of gallons of fuel with manufacturing modules supplied by Agilyx. Even if oil drops to $65 a barrel, many of these trash barons will be able to turn a profit, he adds. Roughly 8.5 pounds of plastic can generate a gallon of fuel.
“All we are really doing is reclaiming hydrocarbons,” Ulum said. “No one can accumulate waste indefinitely.”
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(Article does continue. Zim.)
Hmmmm . . . 2012 . . Wonder how they've been doing since then?
Mad Poet Strikes Again.
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