MAGNET client Vadxx Energy wins media attention

Vadxx Energy, a client of The Incubator at MAGNET, has been racking up media attention recently.
The company’s  innovative process produces synthetic crude oil from recycled plastic via a process called thermal depolymerization. Vadxx partnered with the MAGNET Product Design & Development group to finalize engineering and design of the intake system for its commercial production unit.

In June, Vadxx and Houston-based Greenstar Recycling announced a joint venture to serve Greenstar’s municipal customers by converting recycled plastics into into synthetic crude oil. (Here’s the June 24, 2011 press release.)

The previous week, Greenstar won a contract with the City of Akron to build a single-stream recycling processing facility in the city, in partnership with Vadxx Energy.

On the heels of that announcement, the Cleveland ABC affiliate, NewsNet 5, ran a video report, including an interview with Vadxx Chief Technology Officer, Bill Ulom. (See “Akron could create hundreds of jobs with new recycling technology,” ABC NewsNet 5, June 16, 2011)

That coverage caught the attention of Mark Schmit, a Director with the NIST Manufacturing Extension Partnership team in Washington, D.C.  Today, Schmit published a thoughtful blog post tracing Vadxx Energy’s evolution.

In his August 31st post to the NIST MEP blog, “Manufacturing…A Story Behind The News,” Schmit describes the pivotal role played by a number of regional economic development organizations, including The Incubator at MAGNET, the Akron Global Business Accelerator, State of Ohio Department of Natural Resources, the Ohio Edison Technology Centers, North Coast Opportunities (Cuyahoga County Economic Development), Great Lakes Innovation and Development Enterprise (GLIDE), the City of Akron. Nortech, Case Western Reserve University, the University of Akron Research Foundation, and Jumpstart.

“The Vadxx history is worth paying attention to.  It’s a story of innovation, job creation, manufacturing, and cooperation,” concludes Schmit.

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Posted by MAGNET Ohio in Entrepreneurship, Environment, Innovation, Product-Design-And-Development, Recycling, Regional-Manufacturing-News

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