Converted Organics Inc. (COIN) Announces Tactical Relationship
Source: http://Blog.QualityStocks.net/?p=12502Posted on Monday, September 22nd, 2008 | In Small & Micro Cap
Converted Organics Inc. (COIN) is a company dedicated to producing a valuable, all-natural, organic soil fertilizer product through food waste recycling. The company will sell and distribute its environmentally-friendly fertilizer or biostimlant in the retail, turf management and agribusiness markets.
Converted Organics has received the permits needed to build their first facility in Woodbridge, New Jersey. This facility is licensed to process 500 tons of organic food waste per day. When operational, this will translate to 150,000 tons of waste diverted from landfills each year.
Converted Organics does possess proprietary, state-of-the-art technology. The company’s high temperature liquid composting process is a proven microbial digestion technology that processes various biodegradable food waste products into liquid and solid organic-based fertilizer.
On September 15, 2008, Converted Organics announced an agreement with Central Jersey Waste/ Premier Management. Central Jersey Waste is the leading company in New Jersey in the business of food waste management. The two companies agreed to work together in the collection, processing, and conversion of food waste from Central Jersey Waste’s food service clients.
The deal is considered to be an excellent fit for both companies. Vice President of sales for Converted Organics, Jack Walsdorf, said that “Our proprietary HTLC process can help Central Jersey Waste work to its best advantage in New Jersey. We require source-separated food waste, and Central Jersey Waste is in a great position to meet this need.”
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agribusiness markets, biodegradable food waste products, Central Jersey Waste/ Premier Management, composting, Converted Organics Inc., food service clients, Food Waste, food waste management, food waste recycling, Jack Walsdorf, microbial digestion technology, New Jersey, organic food waste, organic soil fertilizer product, retail, Small & Micro Cap, source-separated food waste, Woodbridge
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