WM Announces New, Modernized High-Tech Recycling and Renewable Gas Facilities across U.S.
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Dividend Yield: 1.7%
EPS Growth %: +10.6%
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WM plans to invest approximately
"We are meeting our customers' needs today and investing in communities for the long term through our planned growth in recycling and renewable energy infrastructure," said
During Earth Month, WM will have grand opening events for newly upgraded recycling facilities near
So far, WM has completed eight out of 20 planned RNG facilities and 27 out of 39 planned recycling facilities and intends to open additional sites in 2025 as part of its enterprise-wide investment plans.
Once all planned recycling and RNG facilities are complete, the expanded network is expected to add more than 2.8 million incremental tons of annual recycling capacity and 25 million MMBtu of renewable natural gas each year. The new and upgraded recycling facilities leverage state-of-the-art technology that uses artificial intelligence and automation in an effort to increase the amount of material that can be captured for potential reuse. The RNG facilities process captured landfill gas into pipeline-quality renewable natural gas, positioning WM's landfill assets as a community energy partner.
WM also continues to invest in innovative capabilities to monitor and mitigate landfill air emissions. WM recently acquired Blue Sky Resources and AirLogic analytics platform, providing WM a comprehensive tool to track and compare data from various detection technologies to help better locate and mitigate potential emissions.
"Technology and innovation underpin our sustainability strategy, and we are adding optical sorters, intelligent sorting equipment and more at our recycling sites to help capture more material, including in areas that lack recycling access today," said
For more on WM's sustainability growth investments, visit Sustainability.WM.com.
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WM (WM.com) is
Forward-Looking Statements
This press release contains forward-looking statements, including all statements regarding future events, future investments and all outcomes or benefits of such investments. Such statements are based on the facts and circumstances as of the date the statements are made and are subject to risks and uncertainties that could cause actual results to be materially different. Please see Part I, Item 1A of the Annual Report on Form 10-K, and subsequent Forms 10-Q, available at investors.wm.com for information regarding such risks and uncertainties. WM assumes no obligation to update any forward-looking statement.
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