Converted Organics Inc. (NASDAQ: COIN), based in Boston, MA, is a company dedicated to producing a valuable all-natural, organic soil amendment or fertilizer product through food waste recycling. The company uses proven, state-of-the-art technologies to create a product that helps grow healthier food and improve environmental quality. Converted Organics will sell and distribute its environmentally-friendly fertilizer or biostimulant in the retail, turf management and agribusiness markets.
We have received the permits needed to build our first facility in Woodbridge, NJ. This facility is licensed to process 500 tons of organic food waste per day. When operational, that translates to 150,000 tons of waste diverted from landfills each year. That means a reduction in green house gasses and a reduction in the need for new landfill capacity.