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Economy and Business

Akron plastics-to-oil company gets $1.6 million loan from the state
Company plans to create 20 full-time jobs with investment

Vadxx Founder Bill Ullom sifts through plastics his process will turn into oil.
Courtesy of Jeff St. Clair
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The state awarded Vadxx Energy of Akron a $1.6 million Third Frontier loan today for its work turning used plastic into oil.

Vadxx Founder Bill Ullom said in an interview in February that his company creates the oil from plastic bags and old tires through a process called “pyrolysis.”


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"Pyrolysis is the conversation of very large polymer molecules to smaller polymer molecules, depending on what we’re trying to do, so we’re making little ones out of big ones in the absence of oxygen, because if we had oxygen in at the temperatures where we are operating, there would be combustion," Ullom says. "Combustion does nothing but generate air pollution and it wastes material."

Vadxx says it will use the loan to create 20 full-time jobs in Akron.

Third Frontier loans promote technology-based economic development.

Related WKSU Stories

Exploradio: Akron companies turn plastic back into petroleum
Monday, February 10, 2014

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