New York, NY – April 3, 2023 – Rubicon Technologies, Inc. (“Rubicon” or “the Company”) (NYSE: RBT), a leading digital marketplace for waste and recycling and provider of innovative software-based products for businesses and governments worldwide, today shared an update regarding the Company’s leadership in organics recycling.
Rubicon has been active in its advocacy for a stronger national infrastructure around organics recycling for years and continues its leadership role as generator demand grows. The Company acknowledges encouraging signs with recent changes in legislation and new organics haulers and processors entering the market, all of which helps to strengthen local, state, and national organics recycling networks. However, significant challenges to successful delivery and adoption of scalable solutions remain.
Rubicon’s work with its city customers is detailed in a recent case study, where a successful partnership saw over 1,800 tons of food waste diverted from landfill, which avoided 1,115 metric tons of C02e emissions (the equivalent of taking 240 passenger vehicles off the road annually.) Demand from generators both large and small continues to increase alongside their sustainability goals. As the case study shows, cities are now joining ranks with businesses, seeking organics recycling solutions to meet municipal diversion goals. Haulers that were once solely focused on municipal solid waste (MSW) are adjusting their fleets to include new organics trucks while smaller, local organics haulers are enjoying growth as route density improves for commercial and residential organics pick-ups.
As a provider of software products to the waste and recycling industry, Rubicon is acutely aware of the challenges and opportunities facing organics recycling advocates at every point in the supply chain. At the recent Restaurant Facility Management Association (RFMA) Annual Conference in San Antonio, TX, Ryan Cooper, Vice President of Circular Economy Solutions and Organics Recycling Lead at Rubicon, spoke on a panel alongside other industry leaders, and noted that there were persistent challenges within this segment of the industry, such as cases in which organics recycling is mandated in cities, states, or regions, but frequently the required infrastructure is not in place to enable compliance. This means that generators often need to find creative solutions to stay compliant and achieve sustainable solutions.
Cooper said that in these cases the infrastructure often grows in a repeated pattern. For example, individuals who are passionate about compost start by doing local residential pickups but find that demand is high enough that they can establish a commercial or even municipal-scale composting business. Since 2019, the number of organics recycling programs that Rubicon manages have increased by nearly 300%, which reflects a roughly 40% increase in tonnage and approximately 100% increase in number of hauler partners.
In recognition of his long-term advocacy for organics recycling across the country and extensive track record of thought-leadership in the space, Cooper was also recently named Volunteer of the Year by the U.S. Composting Council (USCC) at the organization’s annual conference, COMPOST 2023.
For more information on how Rubicon is deploying its market-leading technology products to equip businesses, cities, and haulers with the tools and software they need to support organics recycling, meet sustainability goals, and accomplish its mission of ending waste, visit the enterprises, governments, and haulers pages on the Company’s website.
Rubicon Technologies, Inc. (NYSE: RBT) is a digital marketplace for waste and recycling, and provider of innovative software-based products for businesses and governments worldwide. Striving to create a new industry standard by using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals. To learn more, visit rubicon.com.
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Sioban Hickie, ICR, Inc.