Waste Management, Inc. has become the latest company to invest in waste-to-fuel conversion technology developed by Terrabon. Waste Management, the leading provider of comprehensive waste management and environmental services in North America, joins Valero Energy Corporation, the largest refiner in North America, which also invested in Terrabon in April 2009 and recently increased its investment in Terrabon.
This investment from Waste Management and Valero will be used by Terrabon to advance the scalability of their technology. Waste Management will also assist Terrabon in securing organic waste streams, which Terrabon will use to produce high-octane gasoline using its MixAlco™ technology. MixAlco is an acid fermentation process that converts biomass into organic salts.