Financing Composting Infrastructure

Financing Composting Infrastructure

January 14th 2020

On December 10, 2019, Atlas Organics, Inc., an organics hauler and composter based in Spartanburg, South Carolina, announced it received $21.4 million in project development capital from Spring Lane Capital (SLC). "This investment gives us dedicated infrastructure capital to design, build, and operate composting facilities for public and private partners to provide much needed organics recycling infrastructure," explains Joseph McMillin, Chief Executive Officer of Atlas. "The capital commitments are ideal for Atlas as we look to develop and operate small to mid-scale compost manufacturing facilities in multiple geographic areas across North America."

Atlas operates composting sites for the city of Durham, North Carolina (both yard trimmings and biosolids composting) and Greenville County, South Carolina (yard trimmings and food waste), and recently won the bid for Indian River County, Florida's new yard trimmings composting facility. It utilizes extended aerated static pile composting at all of its facilities. The company also collects organics from the commercial, residential and industrial sectors that are processed at the Greenville County site.

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