Vadxx Energy plans to open a facility in Cleveland that will convert plastic waste to oil.
The facility, which will cost between $12 million and $20 million, will process 20,000 tons of plastic waste annually, using pyrolysis to convert the material to a synthetic crude oil, says Jim Garrett, CEO of the Cleveland-based company, in an interview.
Garrett says he expects the facility to come online by the second quarter of 2014 and be able to produce 100,000 barrels of non-biodegradable oil. The facility will cover 10,000 square feet and employ 17, with a new office for the firm that will employ 10.
Overland Park, Kan.-based Rockwell Automation is the engineering, procurement and construction contractor, Garrett says.