Dive Brief:
- Organic Waste Management, a recycling solutions company based in Massachusetts, and Bluesphere Corp. have signed a letter of intent that states that Organic Waste Management will provide 100 to 200 tons of organic waste each day to Bluesphere's 3.2 megawatt biogas plant.
- The plant will produce electricity from the organic waste materials and renewable resources; Bluesphere will generate electricity from the biogas, a majority of which will be comprised of food scraps, and sell the power to electric companies.
- Construction on the plant will begin later this year in Johnston, Rhode Island.
Dive Insight:
According to the press release, Bluesphere's CEO Shomi Palas said, "Not only is Organic waste Management interested in supplying our Rhode Island biogas plant with waste, but we are also discussing other business opportunities, including additional anaerobic digester plants in Massachusetts, where, effective in October 2014, there will be a ban on dumping organic waste in landfills."
The release also cites waste-to-energy as one of the fastest growing segments in renewable energy markets. The global WTE market is expected to reach $28.6 billion by 2016, according to analysts. The industry has seen recent growth in the number of WTE plants announced, obtaining permits, and under construction.
