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Portland, Oregon area start-up lands $22 million to ramp up technology which turns recycled plastics into a synthetic crude oil which can be refined for fuel or other oil-based products, such as plastic.
Startup Agilyx raises $25 million to finance four planned plants that will take post-recycling plastic and convert it into synthetic crude oil.
Columbia University researchers estimate 5.2 million U.S. homes could be powered annually by energy derived from non-recycled plastics, and 16.2 million from municipal solid waste.
Green-tech startups are splitting between those which swing for the fences and others who just try to hit safely but there's a need for both types to foster innovation.