Milestone Environmental Services: Company Research Report

Company Overview

• Name: Milestone Environmental Services

• Mission: Milestone’s mission is "to Clean Up EnergySM." The company aims to boldly advance sustainability through best practices for safe and secure management and disposal of energy waste.

• Founded: Milestone was established in 2014.

• Founder(s): Information not available.

• Key People:

• Gabriel Rio, President & CEO

• Headquarters: 840 Gessner, Suite 600, Houston, Texas 77024

• Number of Employees: Information not available.

• Revenue: Information not available.

• What the Company is Known For: Milestone is recognized as the largest energy waste sequestration company in the United States. The company is known for its proprietary slurry injection process, enabling the sequestration of hydrocarbon waste to reduce greenhouse gas emissions and prevent water and ground contamination.

Products and Services

Product Offerings

• Description: A proprietary process that sequesters energy waste thousands of feet below the Earth's surface, safely and permanently.

• Key Features: This process is conducted via highly regulated Class II UIC wells, ensuring waste stays below the water table, reducing environmental impact.

• Description: Secure carbon-sink landfills that manage solid waste streams.

• Key Features: These landfills are equipped with advanced technology for leak detection and groundwater monitoring, designed to handle all waste streams responsibly.

Recent Developments

• New Developments:

• In 2024, Milestone expanded its landfill operations with the opening of a facility in Stanton.

• The company acquired three active slurry injection facilities in Mentone, Midkiff, and Big Spring in 2024.

• New Products/Capabilities:

• No new products have been specifically launched recently. However, Milestone expanded its waste management facilities and capabilities, including opening a new energy waste landfill in Glasscock County in March 2024.

• New Partnerships:

• In October 2023, Milestone became a portfolio company of SK Capital Partners, indicating a significant change in ownership and strategic alignment.

• Recent Board Member Additions:

• Jeff Feeler joined Milestone's Board of Directors in August 2024.

Sustainability and Impact

• Milestone sequestered more than 3 million tons of CO2e since 2014 through its processes.

• The company's operations aim to help customers achieve net-zero commitments by offsetting indirect Scope 3 emissions.

• Milestone's facilities are designed to exceed compliance requirements, aiming for minimal environmental impact and supporting sustainable energy futures.

Additional Information

• ESG Commitment: Environmental, Social, and Governance practices are integral to Milestone's business operations, with the 2023 Sustainability Report highlighting a total of 416,712 MT CO2e sequestered in that year alone.

• Health & Safety: Commitment to health and safety spans rigorous training programs and continuous safety audits to ensure operational excellence and community well-being.

Community Engagement

• Milestone is deeply involved in community activities, supporting various nonprofits tackling issues like hunger, supporting first responders, veterans, and children's charities. They engage in community educational events, fostering Science, Technology, Engineering, Arts, and Math (STEAM) education.