Agilyx names new chairman
Agilyx names new chairman
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Tigard, Oregon-based Agilyx Corporation says Joseph Vaillancourt has assumed the position of chairman of its board of directors. CEO Ross M. Patten, who has served as chairman since 2012, will remain on the board.
The move has been designed to allow Patten “to drive the company’s next phase of growth, augmented by Vaillancourt’s deep experience in the commercialization of environmental technologies,” says Agilyx in a news release.
Vaillancourt has more than 25 years of operational and financial experience in industrial and environmental infrastructure development, including a 15-year tenure with Houston-based Waste Management Inc. He has worked with private equity in the energy and industrial sectors and has participated in the financing and commercialization of more than 15 environmental technology companies.
Agilyx describes itself as an environmental technology and development company that extracts value from difficult-to-recycle mixed plastic scrap streams. The company has developed what it calls “the first cradle-to-cradle system capable of recycling polystyrene (foam cups, packaging materials, and Styrofoam) into styrene monomer, which is then used to remake polystyrene (PS).”
The company says it also has developed a technology that converts mixed plastics to vacuum gas oil (VGO) crude oil.
In 2014, Vaillancourt retired from his 15-year tenure with Waste Management Inc., where he held several senior roles in the company and ultimately was involved in creating and managing its corporate venturing activities. More recently Vaillancourt has been the founder and managing director of Venture Enterprises, which is focused on helping advance value creation and strategic partnership development for corporations, private equity and technology-based startups.
“Joe has been a tremendous advocate for Agilyx since he began working with the company in 2012,” says Patten. “Scaling an innovative technology platform globally requires the right set of syndication and partnerships. We are excited to have reached this phase for our polystyrene-to-styrene monomer technology, and Joe’s impact will be a positive one.”
Says Vaillancourt, “I am excited to join Agilyx at this pivotal time. The company has successfully migrated through a series of technology generations, commercial project development activities, and commodity market volatility. Its latest commercial styrene technology addresses a large market and an environmental problem, and I am looking forward to joining Ross and his team to advance this platform.”
Also joining the Agilyx Board is Kevin Surace. Kevin Surace has been involved in materials research for 30 years and holds 28 patents. For 10 years he led Serious Materials, a company involved in improving energy efficiency in buildings. His work affected some 70,000 projects, including the Empire State Building and the New York Stock Exchange building. He also has been active as a board member and advisor to companies in the water re-use and materials recycling sectors.
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Source: Recycling Today
Agilyx names new chairman
<![CDATA[Tigard, Oregon-based Agilyx Corporation says Joseph Vaillancourt has assumed the position of chairman of its board of directors. CEO Ross M. Patten, who has served as chairman since 2012, will remain on the board. The move has been designed to allow Patten “to drive the company’s next phase of growth, augmented by Vaillancourt’s deep experience in the commercialization of environmental technologies,” says Agilyx in a news release. Vaillancourt has more than 25 years of operational and financial experience in industrial and environmental infrastructure development, including a 15-year tenure with Houston-based Waste Management Inc. He has worked with private equity in the energy and industrial sectors and has participated in the financing and commercialization of more than 15 environmental technology companies. Agilyx describes itself as an environmental technology and development company that extracts value from difficult-to-recycle mixed plastic scrap streams. The company has developed what it calls “the first cradle-to-cradle system capable of recycling polystyrene (foam cups, packaging materials, and Styrofoam) into styrene monomer, which is then used to remake polystyrene (PS).” The company says it also has developed a technology that converts mixed plastics to vacuum gas oil (VGO) crude oil. In 2014, Vaillancourt retired…