KPCB Backs Plastics To Oil Firm
Kleiner Perkins Caufield & Byers has backed a firm developing technology to convert waste plastic to crude oil, Agilyx. The Series B round for Agilyx was worth $22M, and also included Waste Management, Inc. and Total Energy Ventures International. Agilyx is looking to divert the hard to recycle, waste plastic that currently goes into landfills into a viable source of crude oil.
posted on Friday, April 1, 2011 (Link to more information)
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