Vadxx is changing how waste plastic is handled by building technology that converts plastic to fuel. According to a study conducted by Columbia University in 2012, “Americans discard about 33.6 million tons of plastic each year, but only 6.5% is recycled… The rest ends up in landfills where it may take up to 1,000 years to decompose.” Not only are plastics clogging up landfills but they are polluting the oceans as well. It is estimated by a group at UC Santa Barbara’s National Center for Ecological Analysis and Synthesis (NCEAS) that “every year, 8 million metric tons of plastic end up in our oceans.” Plastic pollution is so prevalent that it can be found in three of the U.N.’s 17 Sustainable Development Goals: responsible consumption and production, life below water, and life on land. Massive plastic pollution has also presented unique business opportunities. Vadxx is a company based in Akron, OH that has developed a proprietary technology for converting waste plastic into Ecofuels which includes diesel and naphtha. Additionally there are no hazardous by-products produced from the de-polymerization process.
Business Website: https://vadxx.com/
Year Founded: 2014
Number of Employees: 11-50