Waste Management was featured in a Fast Company post focusing on turning non recyclable waste into energy. Makes sense.
WM is the largest waste collection company in North America. CEO David Steiner estimates that WM handles about 10 billion dollars worth of materials a year. That’s not much less than WM’s total revenues each year. How can WM manage that waste to maximize value for the company and the planet?
As the article points out, ” What might look like trash is actually just natural gas in solid form–and because Waste Management owns a lot of trash, it owns a lot of natural gas. The company is investing heavily in companies that can help it go from a trash company to a trash-and-energy company.”
Einstein was right- energy is matter and vice-versa. WM is investing in companies like Agnion Energy, that turn trash into synthetic gas that can be used in heating. WM already operates over 100 landfill gas plants, and has invested in other technologies to capture, convert, and extract energy from matter..But Agnion’s innovation is a small-scale device that allows for local, onsite gasification at a lower cost. As the post points out, “This means that hospitals, shopping malls, and every other building or institution that collects large amounts of waste–like Waste Management–can get high-quality gas out of straight-up garbage.”
With enterprises that are making transportation fuels, crude oil, biodiesel and other energy sources, and with the largest recycling operation in North America, WM might be rightly named Resource Management. Waste Management has “cornered the market” on waste- and it’s set to be a real player in energy as well.