Waste Management and Harvest Power sign agreement to advance organics recycling

Waste Management, Inc and Harvest Power announced in January an agreement by Waste Management to invest in Harvest Power to expand next generation organics recycling facilities across the United States and Canada. As part of this agreement, Waste Management joins founding investors Kleiner Perkins Caufield & Byers, and Munich Venture Partners, who have also increased their investments in Harvest.
Harvest has significant expertise in organic waste management, from building and operating large-scale organics recycling facilities to marketing compost products. The company owns and operates the largest food and yard waste composting facility in North America, located in Richmond, B.C. and is also developing innovative high solids aerobic and anaerobic digestion and composting technologies, which accelerate the decomposition of organic materials to produce renewable energy that offsets the use of fossil fuels. The company’s process creates clean 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.”