Dive Brief:

• Vadxx Energy LLC, a private, high-tech recycling company based in Cleveland, Ohio, has secured financing for its commercial plastics-to-energy facility.

• Liberation Capital, a private equity firm, has agreed to fund the initial unit in addition to commercial units. 

• The plant is expected to begin operating in 2015 and process around 60 tons of plastics waste daily.

Dive Insight:

Vadxx currently operates a small-scale facility which served as a pilot as it tested equipment and moved through the design process. According to Recycling Today, Jim Garrett, the CEO of Vadxx, said that the plant is "an important first step toward global expansion."