Vadxx Energy
Vadxx has built the nation's first commercial waste plastic to EcoFuel facility in Akron, OH at a cost of $21 million and is now implementing plants worldwide.
- Stage Concept Only
- Industry Clean Technology
- Location Cleveland, OH, USA
- Currency USD
- Founded August 2009
- Employees 12
- Incorporation Type LLC
- Website vadxx.com
Company Summary
Vadxx recycles waste plastic and produces EcoFuels (diesel, naphtha) and petrochemicals. There is enough waste plastic being disposed of in landfill for +5,000 Vadxx plants worldwide. Each plant takes in 25,000 tons/yr plastic and produces 125,000 bbls/yr of EcoFuels. Vadxx commercial plant #1 (Akron, OH; $21 mil cost) ran successful commission runs in Q3/Q4 2016 and sold its first products. $50/barrel oil makes good economic sense for Vadxx.
Team
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CEO
Mr. Garrett has served in various financial, operating and engineering management roles with energy and technology companies for +30 years. These have included executive officer roles with technology start-ups to Fortune 200 companies. Within the energy industry, he has worked for Marathon Oil Company, Consolidated Natural Gas (Dominion), American Gas Association and Energy West. Mr. Garrett has raised substantial capital from equity centers.
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CTO/Founder
Mr. Ullom is founder and owner of Vadose Environmental Consultants, Inc. Prior to the founding of Vadose Environmental, Mr. Ullom served as President of LOMAK Petroleum (Southwest), Inc., and served as Vice President of Exploration & Development, LOMAK Petroleum, Inc. Previously, he served as Manager of Frontier Exploration and Manager, Gulf Coast Division of Placid Oil Company, directing exploration of its domestic deep water assets and foreig
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VP Engineering and Operations
Through his 12-year career at General Electric, managed a $50M manufacturing business. ,Mr. DeBenedictis earned a Bachelor of Science degree in Chemical Engineering from the University of Dayton and an MBA from Case Western Reserve University with a concentration in Banking and Finance. He is also a GE certified Six Sigma Black Belt and Lean Manufacturing implementation expert.
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VP Technology
Dr. Prybyla has 30+ years of industrial chemistry process experience with several firms including positions as a R&D Manager and Program Manager at Goodrich Corporation. Dr Prybyla is an expert in statistical Design of Experiments (DOE) chemistry, process, and manufacture optimization. Dr. Prybyla has a BS in Physical Chemistry from Worcester State College, and MS and Ph.D. degrees in Physical Chemistry from Iowa State University.
Advisors
Previous Investors
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AngelsUnconfirmedPublic entitiesUnconfirmedLiberation CapitalUnconfirmed
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