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Waste Management and Genomatica Announce Strategic Agreement

HOUSTON SAN DIEGO Feb. 9, 2011

http://photos.prnewswire.com/prnh/20090219/WMLOGO

http://photos.prnewswire.com/prnh/20110209/DA44559

Under the agreement, Genomatica will create proprietary, specially-designed organisms and complete manufacturing processes to efficiently and economically convert syngas into chemical products.  Genomatica’s patents, intellectual property and technology platform should facilitate further refinement of organisms and processes to allow chemical production from syngas produced from locally-available waste with varying characteristics. Biological production of chemicals would provide another potential use for any syngas produced by or for Waste Management through anaerobic digestion, gasification and landfill gas.

Tim Cesarek

Christophe Schilling

Syngas is produced throughout the world from natural gas or liquid hydrocarbons, and through the gasification of coal, biomass, and waste materials.  Syngas is a low-cost input material often used to generate electricity, and can also be converted into liquid fuels. Prior to Genomatica, converting syngas to chemicals was primarily done through chemical processing techniques, which were generally energy-intensive and limited in their ability to produce specific chemical products.  Supported by the new joint development agreement, Genomatica is working to enable the conversion of syngas into desired, major- market intermediate and basic chemicals.

$4 billion

The joint development agreement with Genomatica complements Waste Management’s comprehensive waste services in the areas of recycling, landfill, waste-to-energy and landfill gas-to-energy.  This agreement will also help move Waste Management toward meeting three of its sustainability goals: doubling its renewable energy production and tripling the amount of recyclables processed by 2020, and investing in emerging technologies for managing waste.

About Waste Management

Houston, Texas North America North America the United States North America www.wm.com www.thinkgreen.com

About Genomatica

Genomatica Newsweek Forbes $4 billion

platform intellectual property Waste Management signed a strategic joint development agreement

$40 million www.genomatica.com

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. In many cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms and other comparable terminology. These statements are only predictions. Actual results could differ materially from those anticipated in these forward- looking statements as a result of a number of factors. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.

FOR MORE INFORMATION

Media

Waste Management

Wes Muir

713.328.7053

[email protected]

Genomatica

Emily Douglas

Edelman for Genomatica

650.762.2945

[email protected]

SOURCE Waste Management

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