Dive summary:

• Waste Management is increasing its investment in Renmatix, the company responsible for the transformation, from $50 million to $75 million, officially making them a development partner.
• Renmatix has developed a process to replace petroleum with sugars made from trash, especially agricultural waste, to make plastics and other products.
• More investors are turning to similar processes because of the government’s recent investment into alternative fuels.

From the article:

Waste Management has been a particularly active venture capital investor in the trash-to-energy space, and that focus has prompted it to invest in Renmatix, which turns biomass, such as agricultural wastes, into sugars for making fuels and other chemicals. ...