Waste Management Forms JV for Bio Fuels - Analyst Blog
March 25 2014 - 12:00PM
Zacks
Waste Management,
Inc. (WM) has recently formed a joint venture with Ventech
Engineers International LLC, NRG Energy, Inc.
(NRG) and Velocys plc to pursue smaller-scale gas-to-liquids (GTL)
opportunities. The partners unveiled a plan to make bio-fuels and
bio-chemicals from bio gas using GTL technology, with the first
facility set to be built at Waste Management’s East Oak site in
Oklahoma.
Waste Management is a leading provider of waste management
services, while NRG Energy is the owner of a diverse power
generation portfolio. Ventech, on the other hand, has a proven
expertise in the design and construction of modular refineries and
Velocys is a technology innovator for smaller scale gas-to-liquid
technology. All these companies have now collaborated to tap the
renewable fuel sector.
This joint venture is expected to be a win-win situation for all
the companies involved. Waste Management has already accumulated
more than 10,000 hours of successful operation till date.
Headquartered in Houston, Texas, Waste Management provides
collection, transfer, recycling and resource recovery, as well as
disposal services to residential, commercial, industrial and
municipal customers. It is also a leading developer, operator and
owner of waste-to-energy and landfill gas-to-energy facilities in
the U.S.
The company aims to focus on improving customer retention by
providing customers with better service and higher value
solutions.
Waste Management currently has a
Zacks Rank #3 (Hold). Another stock that look promising and are
worth considering is US Ecology, Inc. (ECOL) with
a Zacks Rank #1 (Strong Buy) and Accenture plc
(ACN) with a Zacks Rank #2 ( Buy)
ACCENTURE PLC (ACN): Free Stock Analysis Report
US ECOLOGY INC (ECOL): Free Stock Analysis Report
NRG ENERGY INC (NRG): Free Stock Analysis Report
WASTE MGMT-NEW (WM): Free Stock Analysis Report
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