Last May Waste Management announced an investment in the Peninsula Compost Company, a commercial composting company that is owned and operated by the Wilmington Organic Recycling Center (WORC). WORC is the largest composting facility in the Eastern United States, serving Delaware, Maryland and Virginia.
Right now Waste Management processes about 1.7 million tons of organic waste each year. The Peninsula Compost Company processes 250 to 300 tons of organic waste from organic feedstock per day, and all of this will be directly added to WM’s annual organics processing total.
Investing in the Peninsula Compost Company will help Waste Management expand its organic recycling services to customers who are looking for more ways to convert organic waste into products like compost, mulch and organic soil.
The investment is a part of Waste Management’s company sustainability goals, which consist of doubling its renewable energy production, tripling the amount of recyclables processed by the year 2020 and investing in new waste management technologies.
Last year, Waste Management invested in Enerkem, leading waste to biofuels and chemicals company, and Harvest Power, a company that uses anaerobic digestion technology to accelerate the decomposition of organic materials.