Waste Management, Renmatix announce joint development agreement
Waste Management Inc., the leading provider of comprehensive waste management services, and Renmatix, the leading manufacturer of biobased sugar intermediates for global chemical and fuel markets, announced they have entered into a joint development agreement (JDA) to explore the feasibility of converting post-consumer waste into affordable, sufficient-quality sugars for manufacturing biobased materials.
The strategic investment and alliance aims to expand the feedstock flexibility of Renmatix’s proprietary Plantrose process beyond rural biomass to include materials derived from cost-effective and readily available urban waste material such as that managed by Waste Management.
“This collaboration is a continuation of our commitment to extract the value we see in waste and convert it into valuable resources,” said William Caesar, president of Waste Management Recycling Services. “We are working with Renmatix to further scale its technology, which has quickly emerged as the lowest-cost conversion method for producing the biobased sugar intermediately demanded by global markets.”
This deal is the first-of-its-kind for Renmatix and is anticipated to generate immediate revenue for Renmatix as it investigates viability of these new feedstocks. Under the agreement, Renmatix will explore multiple waste streams currently collected and processed by WM and its service subsidiaries, including: source-separated recyclables, food scraps, construction and demolition debris, and pulp and paper waste. The JDA aims to determine how these materials can be reduced to sugar and leveraged for production of renewable chemicals and fuels.
“Creating a JDA with Waste Management is an example of how we are working to extend our technology platform to meet industry demand. It has the potential to harness post-consumer biomass from urban communities as a source for cellulosic sugars,” noted Mike Hamilton, CEO of Renmatix. “Together we are exploring a new pathway to renewing waste. If this approach proves compatible with the Plantrose process it effectively expands our basket of available feedstocks and increases our footprint to serve the market for low-cost petrochemical alternatives.”
Renmatix’s Plantrose process uses “supercritical” water—a state in which water acts as a solvent—to economically and efficiently deconstruct a wide range of non-food plant material in a continuous reaction down to the base sugars that enable a high-volume, low-volatility, building block for the bioeconomy. One of the core cost advantages of Renmatix’s water-based process is its feedstock flexibility. Using very little consumables in rapid reactions, Renmatix can convert a variety of non-food biomass into the building blocks of the bioeconomy.