Industry News Waste Management Buys Into Organics Recycling Facilities
Waste Management Buys Into Organics Recycling Facilities
Waste Management will invest in Harvest Power to expand next generation organics recycling facilities across the United States and Canada. As part of this agreement, Waste Management joins founding investors Kleiner Perkins Caufield & Byers and Munich Venture Partners, which also increased their investments in Harvest.
Harvest has significant expertise in organic waste management, from building and operating large-scale organics recycling facilities to marketing compost products. Harvest owns and operates the largest food and yard waste composting facility in North America, located in Richmond, British Columbia. Harvest is also developing innovative high solids aerobic and anaerobic digestion and composting technologies, which accelerate the decomposition of organic materials to produce renewable energy that offsets the use of fossil fuels. The process creates clean biogas that can be converted into electricity, liquefied natural gas, or compressed natural gas, and also generate high quality, nutrient-rich compost products.
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