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Waste Management doubles down on organic recycling with composting investment

Waste Management doubles down on organic recycling with composting investment

Posting in Energy

Eying profits in organic waste recycling, Waste Management invests in the largest composting facility in the eastern United States.

Waste Management on Tuesday announced an undisclosed investment in the Peninsula Compost Company, which owns and operates the Wilmington Organic Recycling Center serving Delaware, Maryland and Virginia.

The WORC is the only permitted in-vessel organics processing center in the Mid-Atlantic region, and processes -- unloads, separates, mixes and grinds-- 250 to 300 tons per day of organic waste from organic feedstock.

With a capacity of up to 600 tons per day, it's the largest composting facility in the eastern United States.

The facility's operations adds more than 200,000 tons to Waste Management's current 1.7 million ton annual organics processing capacity. It also helps Waste Management expand organics recycling services in the region.

The investment follows Waste Management's recent acquisition of a controlling interest in organic lawn and garden product manufacturer Garick. It also falls in line with WM's investments in Enerkem (which uses gasification tech to produce renewable transportation fuels) and Harvest Power (which uses anaerobic digestion tech to produce renewable energy) last year.

Fast facts about the market:

  • The green retail market has been growing at 20 percent annually.
  • North America generates over 80 million tons of organic waste each year.
  • About one-third of municipal solid waste in the United States is organic; that includes food, yard and wood waste.
  • About 65 percent of yard waste and 2.5 percent of food waste collected in the U.S. is currently diverted from disposal.

It's no surprise that Waste Management sees green, so to speak, in recycling organic materials for use as energy, transportation fuels or specialty chemicals.

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Andrew Nusca

Editor Emeritus

Andrew Nusca is editor of SmartPlanet and an associate editor for ZDNet. Previously, he worked at Money, Men's Vogue and Popular Mechanics magazines. He holds degrees from the Columbia University Graduate School of Journalism and New York University. He is based in New York but resides in Philadelphia. Follow him on Twitter. Disclosure