Waste Options, Inc.: Waste Management Options for Government and Private Industry

Waste Options is an environmental development company that provides practical and natural solutions to solid waste and sewage sludge disposal problems, for both government and private industry. The Company designs and implements waste management solutions tailored to the needs of individual municipalities. Waste Options' work in Nantucket, Massachusetts serves as an example of channeling all streams of municipal waste (household garbage, sewage, recyclables, construction byproducts, and landscaping debris) into an integrated and cost-effective system.

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Waste Processing, Recycling and Composting Facility - Nantucket, MA

Waste Options, Inc. was incorporated in 1993, and is headquartered in Providence, Rhode Island. In 1997, the Company negotiated a 25-year contract in a public/private partnership with the Town of Nantucket, Massachusetts to manage its landfill site and recycling facility and to construct and operate a 100 ton per day compost facility. At that time, the municipal landfill was facing closure for noncompliance with environmental regulations.

The Nantucket facility handles the entire waste stream, including, but not limited to, municipal waste, all recyclables, construction & demolition waste, metals, wood waste, yard waste, furniture, tires, batteries, appliances, textiles, sewage sludge, and animal manure. In the calendar year 1999, the facility processed approximately 65,000 tons of material, including recyclables.

The completed Nantucket project encompasses the following: a capped and closed landfill that will be mined, recycled, and reused; a materials recovery facility; a co-composting facility; a Take-It-Or-Leave-It swap shop; a construction & demolition processing building; leaf and yard waste composting area; a building to handle Hard To Manage Wastes, including CRTs, textiles and furniture, etc.; and finally a new state-of-the-art lined landfill cell. This completed facility has taken the Town of Nantucket from a 17% recycling rate to close to 80% diversion of all waste generated on the Island. The Town now has a 50 year answer to their waste disposal needs.

Financing for the Nantucket project was provided by KeyBank of Portland, Maine. KeyCorp, an Ohio corporation and bank holding company headquartered in Cleveland, Ohio, is a bank-based financial services company. Its subsidiaries provide a wide range of banking, equipment leasing, fiduciary and other financial services to corporate, individual and institutional customers through four lines of business: Key Corporation Capital, Key Consumer Finance, Key Community, and Key Capital Partners. These services are provided across much of the country through subsidiaries operating 968 full-service banking offices.