“There are hundreds of waste-to-energy companies in the world that are competing for many waste streams. Some examples include biogenic waste, recycled plastics, used tires or spent engine oil. Because those waste streams are being sought by so many different parties, the waste or the “feedstock” has become commoditized. Recover doesn’t have a competitor in the traditional sense; we’re competing against a mindset of ‘landfilling is easy.’ Most in the industry view drilling waste as being at the very end, or bottom, of the value chain so they don’t see value in recycling. We’re changing that perception and accessing the waste.” “We’re also different from our waste-to-energy peers with our technology progress. Few in the waste-to-energy space have an operating facility. Most are still at a pilot scale or building their first commercial facility. We are readying for a build program and we will be building duplicates of our current design.” More than anything else, however, Stan believes the “most important differentiator” is the environmental impact their technology can make: “Landfilling drilling waste unlocks the high carbon content of the waste because it manifests primarily as methane. Every well that recycles waste at Recover avoids up to 2,500 metric tons of GHG’s. So if the intent of your investment is to be green and be impactful, divide GHG avoidance by capital invested and Recover will beat out all players in the waste-to-energy space.” FEBRUARY 2024 Recover’s Recycling Facility
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