Agilyx, Delta Refinery Subsidiary Sign Deal to Convert Waste Plastics into Jet Fuel
Agilyx has agreed to supply Agilyx Synthetic Crude Oil (ASCO) to Monroe Energy, a wholly owned subsidiary of Delta Air Lines. Monroe will refine the ASCO into jet fuel for Delta.
Agilyx, Tigard, Ore., signed an agreement with Monroe Energy, Trainer, Penn., to supply up to 2,500 barrels per day (bbl) of Agilyx's synthetic feedstock. Agilyx derives the feedstock, Toxic Substances Control Act (TSCA) registered Agilyx Synthetic Crude Oil (ASCO) product, through a proprietary waste plastics recycling technology.
Agilyx has agreed to supply ASCO to Monroe Energy, a wholly owned subsidiary of Delta Air Lines. Monroe will refine the ASCO into jet fuel for Delta. Agilyx plans to locate a production facility near Monroe's refinery, which is located just outside of Philadelphia, developing the plant in phases until it reaches a production capacity of 2,500 bbl per day by (the end of 2020).
"This is a capstone achievement for Agilyx," says Joe Vaillancourt, Agilyx's chief executive officer. "We are very excited to be working with Monroe Energy and Delta. As we advance the number and types of products we are able to make from waste plastics, this project marks the first truly commercial-scale facility that will advance the new plastics economy."
Agilyx has Virgin Group founder Sir Richard Branson as an early investor.
Sir Richard said: "This is a major step forward in the search for a cost effective low carbon aviation fuel. The beauty of the Agilyx process is it will take waste plastics which are a major problem for the environment and turn it into something useful. I am excited by the opportunity and pleased that Monroe Energy and Delta are looking to collaborate on this ground breaking project."
"The Agilyx technology is an innovative process, reducing the amount of plastic that is currently being landfilled," says Jeff Warmann, CEO of Monroe Energy. "I am proud that our company can play such a significant role in converting waste plastics into useful jet fuel for Delta."
For more about Agilyx, check out PT’s On-Site article here.
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