- Republic Services Inc RSG has expanded its organics recycling operations in California by acquiring North State Bioenergy. The financial terms of the acquisition were not disclosed.
- North State Bioenergy is an anaerobic digestion facility north of Sacramento that recycles food waste and other organics collected across Northern California.
- The anaerobic digestion process breaks down the organic material and creates biogas, which can be used to generate electricity or converted into renewable natural gas.
- Republic has six compost facilities and three commercial food waste pre-processing sites in California. The North State facility is the company's first anaerobic digester.
- In 2022, Republic recycled 1 million tons of food and yard waste.
- Price Action: RSG shares are trading higher by 0.46% at $131.52 on the last check Monday.
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