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

Image

Report: Brands are falling short on packaging sustainability

January 29, 2015 5:19 pm ET

Packaging in general, and plastic packaging in particular, has a long way to go in terms of recycling, according to a pair of environmental groups.    More

Image

Plastics help Volt hit new target

January 28, 2015 1:54 pm ET

The 2016 Volt, unveiled at the North American International Auto Show in Detroit in January, features a sportier exterior design — GM calls it...    More

Image

FPI joins curbside recycling group

January 28, 2015 11:47 am ET

Foodservice Packaging Institute is joining the board of the Curbside Value Partnership, a non-profit group that works to improve curbside recycling...    More

Image

Agricultural container recycling grows

January 28, 2015 11:42 am ET

Plastic pestitcide container recycling shot up by nearly 40 percent last year, according to new statistics from the Virginia Department of...    More

Image

PC used in academy roof retrofit

January 28, 2015 8:55 am ET

Polycarbonate sheet meets the demands of a “living roof” in a retrofit at the California Academy of Sciences in San Francisco.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

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

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events