Waste Management invests in Renmatix

Shawn Wright

Published: August 23, 2012 6:00 am ET

Related to this story

Topics Sustainability Recycling
Companies & Associations

HOUSTON (Aug. 23, 2:10 p.m. ET) — Waste Management Inc. has entered into a joint development agreement to explore the possibility of converting post-consumer waste into sugars for manufacturing biobased materials.

Houston-based Waste Management will work with Renmatix Inc., a manufacturer of biobased sugar intermediates for global and chemical fuel markets, according to a news release.

Renmatix will look at multiple waste streams collected and processed by Waste Management that include source-separated recyclables, food scraps, construction and demolition debris, and pulp and paper waste.

King of Prussia, Pa.-based Renmatix wants to see how the materials can be reduced to sugar and used for production of renewable chemicals and fuels, according to the release.

"This initiative has the potential to harness post-consumer biomass from urban communities as a source for cellulosic sugars," Mike Hamilton, CEO of Renmatix, said in a statement. "Together we are exploring a new pathway to renewing waste."

Waste Management calls the agreement "strategic investment and alliance." The amount of the investment stake was not disclosed.

Other investors in Renmatix include BASF SE, which in January announced that it had invested $30 million in the company.

Looking to the future potential of waste, WM has invested in other waste-conversion technology companies in the recent past, including Enerkem Inc., Agilyx Corp., Fulcrum BioEnergy Inc., Genomatica Inc. and others.


Comments

Waste Management invests in Renmatix

Shawn Wright

Published: August 23, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Adidas phasing out plastic bag use

April 20, 2015 11:50 am ET

Sporting goods company Adidas AG is phasing out the use of plastic bags in its own retail stores as part of a larger effort raise awareness about...    More

Image

Recycling group changes its name to the Recycling Partnership

April 20, 2015 3:10 pm ET

Curbside Value Partnership is no more. But don't worry. The organization that promotes curbside recycling is simply changing its name to the...    More

Image

IPL invests in new molding technology at New Brunswick plant

April 20, 2015 3:46 pm ET

IPL Inc. has invested C$2.04 million (US$1.63 million) to produce lighter weight, injection molded containers at its Edmundston, New Brunswick,...    More

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events