Management expands organics recycling
Waste Management, Inc. has acquired a majority
equity interest in Garick LLC, a manufacturer, marketer and distributor
of organic lawn and garden products that will accelerate the
expansion of Waste Management’s organics recycling services and
development of value added organic products.
Garick’s operations will add over one million
tons of processing capacity as well as commercial and consumer
organic products to Waste Management’s organics recycling business,
which could lead to the development of composting and bagging
facilities at Waste Management facilities throughout North America.
This expansion of organic recycling services and products will
be beneficial to the company’s residential, commercial and industrial
customers seeking to convert their organic wastes into products
such as compost, mulch and organic soil amendment.
The market for composting services is growing
as consumers are increasingly demanding alternatives to conventional
fertilizers for lawn and garden care, and municipalities and
companies are seeking to increase the recycling of organic materials
for beneficial use. Organic compost is considered a part of the
green retail market, which has been growing at 20 percent annually.
North America generates over 80 million tons
of organic waste each year. In the United States, approximately
a third of municipal solid waste is organic, including food,
yard and wood waste. Approximately 65 percent of yard waste and
2.5 percent of food waste collected in the United States is currently
diverted from disposal.
This investment complements Waste Management’s
other investments in organic recycling. In January of this year,
Waste Management invested in Harvest Power to expand its organics
processing facilities across North America and to develop innovative
anaerobic digestion technology to accelerate the decomposition
of organic materials that may produce renewable energy. In 2009,
the company also invested in Terrabon to generate renewable transportation
fuels from organic waste via a unique MixAlco™ technology.