Weekly News Bulletin: Sep. 24-30, 2021

 

Macquarie Invests in LRS

LRS (Lakeshore Recycling Systems), an independent waste diversion, recycling and portable services provider, announced on September 9th that it received a major investment from Macquarie Infrastructure Partners. This investment will allow LRS to continue to grow within the Midwest US market that it already dominates. The investment also represents the newest of many investments MIP has made in the North American waste management industry since 2007...Read More »

 

 

Waste Connections Acquires E.L. Harvey

Waste Connections announced on September 1st that it has acquired E.L. Harvey, the largest family owned and operated solid waste company in Massachusetts. E.L. Harvey currently processes between 7,000 and 8,000 tons per month and operates a fleet of 120 collection vehicles...Read More »

 

 

Rising Shipping Costs Amid Shortages Likely to Effect Exports of Recyclables

As of 2021, the top six shipping container operators control over 70% of all ship container space. In 2016 and 2018, a series of consolidations cut the number of major shipping container companies in half. This was due partly to low business after the 2008 financial crisis as well as a surge in demand as manufacturing in Asia has exploded. This consolidation was exacerbated during the Covid-19 pandemic when outbreaks reduced the number of viable ports available to ships...Read More »

 

 

Archaea Energy and Aria Energy Close to Merger

Rice Acquisition Corp., a special purpose acquisition company (SPAC), has approved a merger between Archaea Energy and Aria Energy. The combined entities would combine to form a $1.15 Billion renewable natural gas platform consisting of dozens of digesters and landfills...Read More »

 

 

US/EU Global Pledge to Slash Methane Emissions by 2030

Methane is the oft overlooked greenhouse gas when it comes to debates on how to fight human induced climate change. Indeed, Carbon Dioxide, and the industries and machinery that emits it, is usually at the heart of talking points and headlines. However, methane, while representing a smaller fraction of total global emissions than CO2, is a much more potent greenhouse gas...Read More »

 

 

Harrisburg Incinerator Debt Lawsuit Proceeds but Gov. Tom Wolf is Removed

A Pennsylvania Commonwealth Court panel refused to strike down a lawsuit over Harrisburg's $360 million incinerator debt last week. The lawsuit has forced Harrisburg into state receivership. However, the court did remove several of the plaintiffs, including Gov. Tom Wolf, the state and the Department of Community and Economic Development...Read More »

 

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