Waste Management Forms JV for Bio Fuels - Analyst Blog

Waste Management, Inc. WM has recently formed a joint venture with Ventech Engineers International LLC, NRG Energy, Inc. NRG 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 Oklahoma.

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 U.S.

The company aims to focus on improving customer retention by providing customers with better service and higher value solutions.

Waste Management currently has a Zacks Rank #3 (Hold). Another stock that look promising and are worth considering is US Ecology, Inc. ECOL with a Zacks Rank #1 (Strong Buy) and Accenture plc ACN with a Zacks Rank #2 ( Buy)