Houston & Boston, United States [RenewableEnergyWorld.com] Waste Management Inc. and Harvest Power announced that Waste Management plans to invest in Harvest Power to expand the company’s waste-to-energy market presence.
Harvest is developing high solids aerobic and anaerobic digestion and composting technologies, which accelerate the decomposition of organic materials to produce renewable energy.
The process creates biogas that can be converted into electricity, liquefied natural gas, or compressed natural gas, and also generate high quality, nutrient-rich compost products.
“We want to extract more value from the materials we manage than anyone else in our industry through new and emerging processing and conversion technologies,” said Tim Cesarek, managing director of Organic Growth at Waste Management. “Combining Waste Management’s industry leadership and expertise in the collection and management of a wide range of segmented waste streams with Harvest’s leading technologies and industry knowledge will be key to developing new, high value added end markets for organic materials and accelerating the growth of organics recycling across North America.”
The agreement with Harvest Power complements Waste Management’s waste-to-energy business and consulting services. This investment will also help move Waste Management toward meeting three of its sustainability goals, doubling its renewable energy production, tripling the amount of recyclables processed by 2020, and investing in emerging technologies for managing waste.