Recycling: Page 29
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WM 2022 earnings
WM spent nearly $200M on acquisitions in Q3, outlines future potential of big ESG investments
Recycling revenues are taking a hit, but executives said their updated contract models will provide insulation. CEO Jim Fish also shared a goal to eventually expand margins via price increases, not just recover costs.
By Cole Rosengren • Oct. 26, 2022 -
WM sets new ESG targets for GHG emissions, recycling volumes, diversity and more
The company’s first full-year report since acquiring Advanced Disposal Services shows an emissions uptick, but WM says upcoming investments will reverse that.
By Cole Rosengren • Oct. 26, 2022 -
Cyclyx’s $100M plastic project described as a boon for Houston. Environmental groups are skeptical.
Houston could get a new plastics processing facility as early as 2024 if a deal among ExxonMobil, LyondellBasell and Cyclyx goes through.
By Megan Quinn • Oct. 26, 2022 -
Retrieved from YouTube on October 21, 2022
Rubicon’s stock has struggled since going public. Is the SPAC trend to blame?
The tech company — which brokers waste and recycling services — rang the opening bell on Wall Street this week after its stock price declined and its founder stepped down as CEO. Analysts say a turnaround is still possible.
By Cole Rosengren • Oct. 21, 2022 -
Balcones Resources wins Phoenix MRF contract valued at $158M
Texas-based Balcones beat out Republic Services, GFL Environmental, Recology and CellMark for a five-year contract, with potential extensions, to operate the Arizona city’s North Gateway and 27th Avenue facilities.
By Cole Rosengren • Oct. 21, 2022 -
Waste Connections purchasing California company Upper Valley Disposal
Upper Valley provides a range of collection, recycling, composting and disposal services in Napa County. Following the recent death of founder Bob Pestoni, the family decided to sell its multigenerational business.
By Cole Rosengren • Oct. 19, 2022 -
Why are PET prices declining? Experts cite a ‘confluence of events’ tied to the shifting economy
The summer’s steep dips have slowed, but economic indicators suggest more short-term turbulence could be afoot. Analysts say it’s too soon to draw conclusions about how this relates to brands’ recycled content commitments.
By Katie Pyzyk • Oct. 19, 2022 -
Q&A
New nonprofit Just Zero taking a national approach to zero waste and closing disposal sites
Zero waste advocates formerly with the Conservation Law Foundation say the group will provide local activists with national-level resources for drafting legislation and more.
By Megan Quinn • Oct. 18, 2022 -
Lost carts, heavy volumes: Florida waste haulers get back to work after Hurricane Ian
Waste Pro and WM are among the companies that have worked through heavy waste volumes, long wait times at disposal sites, damaged infrastructure, limited access to certain island areas and other disruptions.
By Maria Rachal • Oct. 18, 2022 -
New York approves another increase to commercial waste rates in rare move driven by inflation
Licensed haulers in the five boroughs operate under maximum pricing caps that can remain unchanged for years. The city’s move is a recognition of rising labor, fuel, equipment and disposal costs.
By Cole Rosengren • Oct. 18, 2022 -
Q&A
3 questions with Trash Warrior, the B2B hauling platform used by big brands like Amazon and Instacart
Founder and CEO Lily Shen discussed a recent $8 million funding round and how the San Francisco-based startup is trying to bring reliability, accountability, sustainability and transparency to waste removal tasks.
By Maria Rachal • Oct. 17, 2022 -
Major brands call for access to 800K metric tons of chemically recycled plastic by 2030
Members of the Consumer Goods Forum, such as PepsiCo and Unilever, say better chemical recycling infrastructure will help them meet ambitious packaging goals. Environmentalists say the concept is “greenwashing.”
By Megan Quinn • Oct. 14, 2022 -
Rubicon founder Nate Morris steps down as CEO soon after taking company public
Phil Rodoni, previously the company’s chief technology officer, has been elevated to the lead role. Rubicon has seen its financial standing decline less than two months after going public.
By Cole Rosengren • Oct. 14, 2022 -
California’s expanded bottle bill comes with a hefty price tag
The Container Recycling Institute recently outlined what it will cost to expand California’s bottle bill to include wine and spirits. CRI says some spending is necessary, but the bill could be too costly in the long term.
By Megan Quinn • Oct. 12, 2022 -
Opinion
EPA can lead the charge for battery recycling to secure our electric future
Call2Recycle CEO Leo Raudys lays out four recommendations around education, infrastructure, handling and labeling for the agency as it distributes historic levels of infrastructure funding.
By Leo Raudys • Oct. 12, 2022 -
Lawmakers ask EPA to standardize recycling bin labels to reduce consumer confusion
A group of 17 lawmakers sent a letter to the agency urging adoption of a nationwide recycling bin label. Recycle Across America, which backs the effort, said a single design will reduce consumer confusion.
By Megan Quinn • Oct. 10, 2022 -
RoadRunner Recycling buys Compology to scale AI, metering in collection service
RoadRunner, which provides service through third-party haulers, has raised nearly $130 million to date as it scales quickly. Compology’s AI and camera capabilities will expand its data offerings for ESG-driven customers.
By Cole Rosengren • Oct. 6, 2022 -
Thailand to ban plastic scrap imports in 2025, following multiple other Asian countries
Thailand’s move will fully take effect by 2025 in an effort to curb plastic pollution. The volumes of U.S. plastic scrap exports to the country had already been declining for multiple years.
By Megan Quinn • Oct. 5, 2022 -
Zero waste should be an important part of climate plans, GAIA urges
Through food waste prevention, single-use plastics bans, robust composting and recycling, and other strategies, the waste sector can support the Paris Agreement’s targeted limit to global warming, a new report said.
By Maria Rachal • Oct. 5, 2022 -
Waste Connections acquires Rogue Disposal & Recycling, notable southern Oregon company
The transaction gives the company a foothold in the region, with a range of franchise hauling operations, a transfer station, composting facility, CNG fueling station and a large landfill.
By Cole Rosengren • Oct. 5, 2022 -
EPA action plan details environmental justice efforts across waste programs
A report from the Office of Land and Emergency Management details how the agency will consider disadvantaged communities in projects related to waste and recycling, including through grants from the infrastructure law.
By Megan Quinn • Oct. 4, 2022 -
Where Cyclyx, ExxonMobil, McKinsey and Casella see chemical recycling going next
During a recent MIT event, the CEO of the Cyclyx consortium said waste companies and MRF operators could play a key role in supporting a transition toward chemical recycling.
By Cole Rosengren • Sept. 30, 2022 -
To fight US plastic pollution, California AG calls for more resources and more accountability
The federal government should act more quickly to address plastic pollution and hold polluters responsible, California Attorney General Rob Bonta said during a recent seminar.
By Megan Quinn • Sept. 30, 2022 -
California’s last 2 WTE facilities under pressure following new state law
Now that jurisdictions can no longer count waste sent to “transformation” facilities toward their recycling targets, Covanta-operated sites in Long Beach and Stanislaus County may see a shift.
By Cole Rosengren • Sept. 29, 2022 -
Q&A
Zero waste advocates: California is making strides, but more action needed beyond EPR
Longtime zero waste advocates Ruth Abbe, Rick Anthony and Neil Seldman weigh in on implications from the state’s busy legislative session and how they hope producer responsibility systems can evolve nationally.
By Megan Quinn • Sept. 28, 2022