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ReEnergy Buys Casella C&D Waste Facility

Allan Gerlat

August 5, 2013

1 Min Read
ReEnergy Buys Casella C&D Waste Facility

ReEnergy Holdings LLC has purchased a construction and demolition (C&D) material processing facility from a Casella Waste Systems Inc. subsidiary for an undisclosed amount.

The Albany, N.Y.-based ReEnergy said in a news release the material processed at the facility in Lewiston, Maine, can be used for fuel at biomass-to-energy facilities. The company intends to recover addition wood from the processing streams. Rutland, Vt.-based Casella subsidiary KTI Bio-Fuels Inc. sold the facility to ReEnergy.

The Lewiston facility will complement ReEnergy’s existing operations, which include nine renewable energy generation facilities in Maine, New York, Connecticut and North Carolina, and three C&D material processing facilities that serve the eastern New England/Boston metropolitan area. The company owns four biomass-to-energy facilities in Maine.

The majority of KTI’s 27 employees will join ReEnergy; the remainder will remain with Casella.

“This acquisition allows us to maximize efficiencies and regional synergies and reflects our strategy to continue building a vertically integrated renewable energy company,” said Larry Richardson, ReEnergy CEO. “The KTI facility will increase ReEnergy’s presence in the C&D processing and recycling market in New England, and will enhance our ability to convert a significant percentage of the recovered wood into high-quality fuel that will be used to generate renewable energy.”

 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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