Waste Management, Inc.
) has recently formed a joint venture with Ventech Engineers
NRG Energy, Inc
) 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
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 company aims to focus on improving customer retention by
providing customers with better service and higher value
Waste Management currently has a Zacks Rank #3 (Hold). Another
stock that look promising and are worth considering is
US Ecology, Inc.
) with a Zacks Rank #1 (Strong Buy) and
) with a Zacks Rank #2 ( Buy)
ACCENTURE PLC (ACN): Free Stock Analysis
US ECOLOGY INC (ECOL): Free Stock Analysis
NRG ENERGY INC (NRG): Free Stock Analysis
WASTE MGMT-NEW (WM): Free Stock Analysis
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