Lendlease, Rubicon Technologies, Mycocycle, and
Rockwood Sustainable Solutions applied mycology to roofing shingles
in what is believed to be a first-of-its kind sustainability study,
emphasizing the importance of recycling, reuse, and carbon
reduction
Lendlease, Rubicon Technologies, Inc. (NYSE: RBT), Mycocycle,
and Rockwood Sustainable Solutions, today announced the completion
of a successfully partnered pilot involving used asphalt shingles,
mushrooms, and mycoremediation technology to reduce construction
and demolition waste in order to produce a sustainable and reusable
product to further create a more circular economy.
According to the Environmental Protection Agency, 11 to 13
million tons of asphalt shingles end up in landfills each year,
where they take upwards of 300 years to break down. After seeing
the large percentage of waste that was generated by used asphalt
roofing shingles from a recent re-roofing project at their Fort
Campbell Army installation in Kentucky, Lendlease, Rubicon,
Mycocycle, and Rockwood Sustainable Solutions proposed a solution
to reuse the material in a new capacity.
“Every asphalt shingle from those 214 homes would have gone to a
landfill,” said Sara Neff, Head of Sustainability at Lendlease
Americas. “There was simply no viable use for them. We understand
the importance of reducing our Scope 3 carbon by diverting waste
streams from the landfill. After teaming up with Rubicon,
Mycocycle, and Rockwood Sustainable Solutions, we came up with an
innovative idea using mycoremediation technology; combining
mushrooms and shingles to break down waste materials and create a
new by-product that could ideally be reintroduced for reuse,
furthering a circular economy.”
Shingle samples were gathered and transported to Rockwood
Sustainable Solutions’ facility in Lebanon, Tennessee where
Mycocycle, an environmental remediation company that uses fungi to
decarbonize waste streams, performed what is believed to be a
first-of-its-kind pilot study, mixing the sample with three strains
of fungi, a process called mycoremediation.
“The successful completion of this pilot is a fantastic example
of environmental innovation in action,” said Nate Morris, Chairman
and CEO of Rubicon. “Rubicon’s mission is to end waste, and it is
innovations such as these that find second life circular solutions
for hard-to-recycle materials. Partnerships, like this one between
Rubicon, Lendlease, Mycocycle, and Rockwood Sustainable Solutions
are possible when environmental innovation and the circular economy
meet.”
“Using mycoremediation to process waste so as to be further
recycled and form part of the circular economy is its highest use,”
said Joanne Rodriguez, Founder and CEO of Mycocycle. “Our mycelium
recycling pilots continue to see excellent results among a wide
range of materials, and I’m excited to see where our work, in
partnership with Lendlease, Rubicon, and Rockwood Sustainable
Solutions, takes us.”
“This partnership has the potential to be a template for the
future,” continued Neff. “Of those 11 to 13 million tons of asphalt
shingles dumped in landfills each year, only 5-10 percent are being
recycled. Taking a product that is no longer viable and combining
it with a natural renewable source that results in a new product is
a phenomenal outcome that is both beneficial to the environment and
bolsters the economy. We are proud of this pilot and our future
partnerships with Rubicon, Rockwood Sustainable Solutions, and
Mycocycle.”
Alexandra Ewing of Lendlease, Chris Batterson of Rubicon,
Lincoln Young of Rockwood Sustainable Solutions, and Joanne
Rodriguez of Mycocycle will be hosting a session on the results of
this project, titled “Forging a Truly Circular Economy for Toxic
C&D Materials,” at the Greenbuild International Conference and
Expo on Tuesday, November 1, 2022 at the Moscone Center in San
Francisco, California.
Additionally, the team is looking to manufacturers across the
building industry and encouraging them to continue to focus on the
impact these new materials can have on reducing emissions while
making our supply chain more sustainable.
About Lendlease
Lendlease (www.lendlease.com) is a leading global real estate
and investment group with operations in Australia, Asia, Europe,
and the Americas. Our purpose is to create places where communities
thrive. Headquartered in Sydney, Australia, and listed on the
Australian Securities Exchange, Lendlease has approximately 7,700
employees internationally. Our core capabilities are reflected in
our operating segments of Development, Construction, and
Investments. The combination of these three segments provides us
with a sustainable competitive advantage and allows us to provide
innovative integrated solutions for our customers.
About Rubicon
Rubicon Technologies, Inc. (NYSE: RBT) is a digital marketplace
for waste and recycling, and provider of innovative software-based
products for businesses and governments worldwide. Creating a new
industry standard by using technology to drive environmental
innovation, the company helps turn businesses into more sustainable
enterprises, and neighborhoods into greener and smarter places to
live and work. Rubicon’s mission is to end waste. It helps its
partners find economic value in their waste streams and confidently
execute on their sustainability goals. To learn more, visit
www.Rubicon.com.
About Mycocycle
Mycocycle, Inc. (www.mycocycle.com) was founded in October 2018.
It is a woman-owned, early stage cleantech company using
mycoremediation to process toxins out of waste. Mycocycle was
one-of-seventeen companies worldwide selected to The Circulars
Accelerator in 2022 through the World Economic Forum and Accenture,
was the winner of the 2021 1871 Momentum Awards as an Industry
Disrupter and Chicago Innovation “Up and Comer” Award, recognized
as a Finalist in FastCompany's "2021 World Changing Ideas" Awards
issue, recognized as a Forbes “Next1000” Entrepreneur and
Energy+Environment Top 100 Leader, selected as a Top 100 Global
Deeptech Pioneer by Hello Tomorrow, and a 2020 Innovation selection
in the EPA's Innovation and America Recycle's Fair.
About Rockwood Sustainable Solutions
Rockwood Sustainable Solutions (www.rockwoodrecycling.com) was
founded in 2014. Rockwood began their operations in shingle
recycling; collecting materials, processing, and utilizing the
shingle in hot mix asphalt in Tennessee. As the company progressed,
they continued to grow through recycling additional construction
products including wood, tires, and drywall. Today, Rockwood is one
of Tennessee’s largest construction recycling companies
specializing in a variety of material recovery for various end
markets.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of present or
historical fact included in this press release, are forward-looking
statements. When used in this press release, the words “could,”
“should,” “will,” “may,” “believe,” “anticipate,” “intend,”
“estimate,” “expect,” “project,” the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. Such forward-looking statements are subject
to risks, uncertainties, and other factors which could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements. These forward-looking statements
are based upon estimates and assumptions that, while considered
reasonable by Rubicon Technologies, Inc. (“Rubicon”) and its
management, are inherently uncertain; factors that may cause actual
results to differ materially from current expectations include, but
are not limited to: 1) the outcome of any legal proceedings that
may be instituted against Rubicon or others following the closing
of Rubicon’s business combination with Founder SPAC (the "business
combination"); 2) Rubicon’s ability to meet the New York Stock
Exchange's listing standards following the consummation of the
business combination; 3) the risk that the business combination
disrupts current plans and operations of Rubicon as a result of
consummation of the business combination; 4) the ability to
recognize the anticipated benefits of the business combination,
which may be affected by, among other things, the ability of the
combined company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; 5) costs related to the business
combination; 6) changes in applicable laws or regulations; 7) the
possibility that Rubicon may be adversely affected by other
economic, business and/or competitive factors; and 8) other risks
and uncertainties set forth in the sections entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” in
Rubicon’s Registration Statement on Form S-1 filed with the U.S.
Securities and Exchange Commission (“SEC”), and other documents of
Rubicon filed or to be filed with the SEC. Although Rubicon
believes the expectations reflected in the forward-looking
statements are reasonable, nothing in this press release should be
regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward looking statements will be
achieved. There may be additional risks that Rubicon presently does
not know of or that Rubicon currently believes are immaterial that
could also cause actual results to differ from those contained in
the forward-looking statements. You should not place undue reliance
on forward-looking statements, which speak only as of the date they
are made. Rubicon does not undertake, and expressly disclaims, any
duty to update these forward-looking statements, except as
otherwise required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221006005241/en/
Investor Contact: Sioban
Hickie, ICR, Inc. rubiconIR@icrinc.com
Media Contact: Dan Sampson
Chief Marketing & Corporate Communications Officer
dan.sampson@rubicon.com RubiconPR@icrinc.com
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