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Vadxx Gains Financing to Start Ohio Plastic Waste-to-Energy Unit

Article-Vadxx Gains Financing to Start Ohio Plastic Waste-to-Energy Unit

Vadxx Energy LLC has secured financing for its first commercial scale, plastic waste-to-energy facility, in Akron, Ohio.

The Cleveland-based Vadxx said in a news release the first unit will come on line in early 2015. The regional operation will recycle almost 60 tons per day of waste plastics.

Liberation Capital agreed to fund the first unit and additional units. Rockwell Automation will manufacture and commission the facility.

"Vadxx is focused on implementing our first commercial unit in Akron successfully, as an important first step toward global expansion,” said Vadxx CEO Jim Garrett.


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