"What about Agilyx?" Agilyx, VADXX, Cassandra O
Post# of 43064
Agilyx, VADXX, Cassandra Oil, etc..., etc...--if a company is trying to turn plastic into fuel or oil, it's doomed from the start. The maximum theoretical margins on just the feedstock vs. any fuel are either too thin or non-existent.
Agilyx got a credibility boost years ago when Sir Richard Branson invested money...but Mr. Branson was just another high-profile person who didn't take the time to do his due diligence. Investors who latched onto his coattails instead of doing their own DD were hammered.
Agilyx's venture into styrofoam is another doomed change in their business plan. Styrofoam can be had for free for a reason--it's a logistical nightmare to transport it. It's like a store selling soap in bottles full of foam--people wouldn't take that for free because they would need a new bottle every third time they washed their hands.
As far as pricing of plastic-to-oil in general, as of a few months ago per an article, curbside recycling natural HDPE was worth $0.3016/lb. If that could be turned into pure crude with 90% efficiency then that product had better command a price of at least $102.5/bbl plus extra for operating costs. Lesser grades of plastic are cheaper...but can they be turned into anything more worthwhile than recycled plastic??
Every time I bring up any such math, I get laughed at...by investors who subsequently lose all of their money. It's a recurring theme.
"P2O is better tech."
"Better" based on whose guess of how well P2O's processors work?? There is absolute silence on the processors' results from P2O so calling it "better" takes unsubstantiated faith. It seems unlikely that P2O can heat plastic better than anyone else and Mr. Heddle isn't disclosing results. Mr. Heddle gives lip service about changing business plans and pending deals but his inaction in leaving the processors idle for the last four years indicate he also believes the processors are worthless.