Company Makes $13 million Investment in Waterloo
WATERLOO, Ontario — (BUSINESS WIRE) — Jun. 25, 2015 —
Waste Management (NYSE:WM) celebrated the launch of a new fleet of Compressed Natural Gas (CNG) fueled trucks with a ribbon-cutting ceremony today at the company’s facility on Conrad Place in Waterloo. The initiative represents an investment of more than $13 million in the community.
“These new vehicles support our overall efforts of reducing carbon emissions from our heavy duty fleet vehicles, ” said Graham Wathen, District Manager – Waterloo for Waste Management. “It means that 28 vehicles that service the Region of Waterloo, Guelph and surrounding areas are CNG fueled, in line with our long-term sustainability strategy.”
Waste Management (WM) has been a pioneer in the use of natural gas in its fleet since the early 1990s. The company’s North American fleet includes more than 32, 000 collection and support vehicles, 18, 500 of which are dedicated to collection activities. The company is committed to reducing the environmental impacts of these vehicles by reducing emissions and improving fuel efficiency and transitioning its fleet to natural gas.
With the largest heavy-duty truck fleet in North America, the company now has nearly 4, 100 of its vehicles running on natural gas. In Ontario, WM has 79 CNG-powered vehicles and is expecting to grow that to 111 later this year.
Waste Management operates 73 CNG fueling stations in North America, two of which are in Ontario. As part of the company’s continuing commitment to natural gas vehicles, over 90 percent of its new truck purchases each year will be natural gas vehicles.
For every vehicle that is converted to natural gas, use of diesel fuel is reduced by an average of 8, 000 gallons per year. This reduces greenhouse gas emissions by over 22 metric tons per year, per truck.
Vehicles powered by CNG emit nearly zero particulate emissions, cut smog-producing nitrogen oxide emissions by 50 percent compared to the cleanest diesel trucks, cut greenhouse gas emissions by over 20 percent, and are far quieter than diesel trucks.
ABOUT WASTE MANAGEMENT
Waste Management (WM) is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of landfill gas-to-energy facilities in the United States. The company’s customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management, visit or www.thinkgreen.com.
Source: Waste Management
Luiza Adsett, 519-500-7171
Tim Murphy, 416-580-2668