Republic Services (RSG) Opens Solar-Powered Compost Facility
Republic Services, Inc. RSG recently announced that it has opened a fully solar-powered compost facility in California.
The new Otay Compost Facility in Chula Vista has the capacity to process 100 tons of organics per day, and can help San Diego region communities recycle organic waste and meet the requirements of the new state law.
State law SB 1383, which takes effect from Jan 1, 2022, mandates the majority of businesses and homes in California to recycle their food and yard waste.
Pete Keller, vice president of recycling and sustainability at Republic Services, stated, "Recycling organic waste into compost is one of the many ways we're providing sustainable solutions to our customers in the San Diego region, and we continue to invest in organics infrastructure across California."
We believe that the move is part of Republic Services’ long-term strategy to amplify the recycling and circularity of materials like organics from the waste stream. Addition of the new facility should strengthen the company’s leadership position in the environmental services space and enable it to compete better with the likes of Waste Connections WCN, Stericycle SRCL and Waste Management WM.
The company remains focused on enhancing its operations by streamlining the cost structure, improving revenue quality and seeking growth through profitable investment opportunities.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Stericycle, Inc. (SRCL) : Free Stock Analysis Report
Waste Management, Inc. (WM) : Free Stock Analysis Report
Republic Services, Inc. (RSG) : Free Stock Analysis Report
Waste Connections, Inc. (WCN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
