Waste Management (WM) Announces Investment in the Peninsula Compost Company
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Waste Management, Inc. (NYSE: WM) announced a strategic investment in the Peninsula Compost Company, LLC (PCC), which owns and operates the Wilmington Organic Recycling Center (WORC).
WORC is the only fully operational and permitted in-vessel organics processing center in the Delaware, Maryland and Virginia area. Currently, WORC processes 250 to 300 tons per day (tpd) of organic waste, and have permitted capacity of up to 600 tpd, making it the largest composting facility in the eastern United States.
The market for composting services is growing as consumers are increasingly demanding alternatives to conventional fertilizers for lawn and garden care, and as 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.
WORC is the only fully operational and permitted in-vessel organics processing center in the Delaware, Maryland and Virginia area. Currently, WORC processes 250 to 300 tons per day (tpd) of organic waste, and have permitted capacity of up to 600 tpd, making it the largest composting facility in the eastern United States.
The market for composting services is growing as consumers are increasingly demanding alternatives to conventional fertilizers for lawn and garden care, and as 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.
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