Waste Management invests in MicroGreen (Seattle & Houston)
Waste Management Inc. has invested in MicroGreen Polymers Inc., a plastics company that adds air to plastics to reduce weight and costs.
Houston-based Waste Management (NYSE: WM) participated in the $6.9 million financing round, along with WRF Capital, of Seattle, and the Northwest Energy Angels, and other sources.
“As North America’s largest residential recycler, we handle a growing stream of PET and other plastics that can provide the feedstock for Ad-air technology," said Pat DeRueda, president of WM Recycling. "This could create more value from the materials we recover at our recycling facilities every day.”
Read the full post in the Houston Business Journal and see the press release in the Puget Sound Business Journal.
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