Waste Management (WM) Invests $70M in Fulcrum's Proposed Sierra BioFuels Plant

Waste Management, Inc. (NYSE: WM) has closed an equity investment in Fulcrum BioEnergy, Inc. (Fulcrum). In connection with this investment, WM agreed to a secured loan facility that provides for WM's funding of up to $70 million for Fulcrum's proposed Sierra BioFuels plant upon the satisfaction of certain conditions. The parties also entered into a master project development agreement to collaborate on the joint development of Fulcrum projects in various locations throughout the United States using municipal solid waste supplied by subsidiaries of Waste Management under long-term feedstock agreements.

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