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Alterra Energy
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Short description

Developer of plastic to energy plants to create diesel additive

Founded in 2009
Founded in

Company type Acquired Public ()
Company type

Industry Group waste & recycling

Sector waste management

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Cleveland, OH Cleveland, United States
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Parent Companies Alterra Energy

Updated by Jim Garrett at Vadxx Energy on 01/31/2014

Edited by Cleantech Group on 10/27/2024

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Date Company
12/31/2013

Liberation Capital GenAgain Atlanta Liberation Capital GenAgain Atlanta

Liberation Capital, a global private equity firm, and Vadxx Energy have closed on $19 million financing for first Vadxx Plastic to Energy commercial unit in Akron, OH.

Confirmed by Liberation Capital GenAgain Atlanta

Partnerships
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Date Partner Type
01/04/2021
Neste Neste
The companies are partnering to commercialize Alterra’s waste plastic liquefaction technology in Europe.
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Confirmed by Neste
Technology Partner
Investment Rounds
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IPO INFORMATION

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IPO Type

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Description

Date Investors Type Amount
10/22/2024 Infinity Recycling Infinity Recycling , LyondellBasell LyondellBasell , Chevron Phillips Chemcical Chevron Phillips Chemcical (3)
Post-money valuation of
The funding will accelerate the commercialization of Alterra’s Advanced Recycling technology,. The amount was undisclosed.
Growth Equity
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Products
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Product image Name Product status Revenue model Cost metrics

Diesel Additive

Diesel additive and other high value oil products

Pilot/Early Revenue Products - Wholesale
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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