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Waste Management and Terrabon Announce Investment Agreement for Waste-To-Fuel Conversion Technology
Date:8/26/2009

meeting two of its sustainability goals: doubling its renewable energy production and investing in emerging technologies for managing waste," said Carl Rush, vice president of Organic Growth at Waste Management.

"We believe our technology, which allows for the deployment of smaller scale plants locally, combined with strategic partnerships in 'upstream' feedstock sourcing and 'downstream' gasoline off-take, establishes a framework for the first fully integrated biofuels company in the U.S.," said Gary W. Luce, chief executive officer for Terrabon. "We are pleased to be working with investors who understand the value and urgency of finding new sources of renewable energy. We are committed to growing our business rapidly in order to make a significant impact in the production of renewable fuels."

The agreement, combining Waste Management's industry leadership and expertise in the collection and management of a wide range of segmented waste streams with Terrabon's promising technology is complementary to Waste Management's comprehensive waste services in the areas of recycling, landfill, and waste-to-energy and consulting services capabilities.

About Waste Management

Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Our subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. We are also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. Our customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more visit www.wm.com or www.think<
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SOURCE Terrabon, L.L.C.; Waste Management, Inc.; Valero Energy Corporation
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