Waste Management invests in Renmatix

Shawn Wright

Published: August 23, 2012 6:00 am ET

Related to this story

Topics Sustainability, Recycling

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

Dutch company launching $100 million PP, PE recycling plant

April 18, 2014 10:42 am ET

Quality Circular Polymers is building a new plastics recycling operation in Geleen, the Netherlands' Chemelot industrial chemical site, with a...    More

EU moving closer to rules that will reduce plastic bag use by 80 percent

April 17, 2014 10:54 am ET

European Union countries could have to reduce the use of plastic shopping bags by at least 80 percent by 2019 under draft rules backed by the...    More

With European Parliament vote looming, official urges bag restriction

April 16, 2014 9:56 am ET

Janez Potocnik, Europe's commissioner for the environment, told the European Parliament April 15 that plastic shopping bags are a “highly...    More

Image

Austria's Greiner building a foothold in the US rigid packaging market

April 15, 2014 1:22 pm ET

Greiner Packaging International GmbH, one of Europe's largest makers of rigid plastic packaging, now wants to make its mark in the United States.    More

Image

SodaStream turns to PET for its new pre-measured flavor 'Caps'

April 15, 2014 1:40 pm ET

SodaStream International Ltd., maker of home beverage carbonation systems, is using plastic to bring more flexibility to its consumers.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events