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Waste Business Journal Weekly News Bulletin: May 30-Jun. 5, 2006

Headlines...

  1. Waste Connections to Acquire Northern California Franchise Operation From Waste Management
  2. Covanta Holding Corp. Announces Repricing of Senior Secured Credit Facility
  3. MKA Capital Exchanges Its Assets and Enters Into Resources Recovery Business
  4. Waste-to-energy Plant Proposed
  5. Toshiba Develops Biodegradable Packing Material From Seaweed
  6. Rhode Island Utility Repays $5 Million For Clean Up Of Attleboro Dump
  7. Former Landfill to Get New Life
  8. World Waste Technologies, Inc. Announces $25 Million in New Equity Funding
  9. Clean Harbors' Presentation at the Credit Suisse Conference to be Webcast Live on June 1
  10. R. W. Beck to Lead Bioreactor Landfill Update for Denton, Texas

 

  1. Waste Connections to Acquire Northern California Franchise Operation From Waste Management

    Waste Connections, Inc. (NYSE: WCN) announced that it has signed an agreement to acquire Waste Management's franchise operations serving El Dorado County, California. El Dorado Disposal provides collection, recycling and transfer services with total revenue of approximately $20 million. Waste Connections, Inc. is an integrated solid waste company that serves mostly secondary markets in the Western and Southern U.S...Read More »

  2. Covanta Holding Corp. Announces Repricing of Senior Secured Credit Facility

    Covanta Energy Corporation recently completed the repricing of its First Lien Term Loan and Letter of Credit facilities on May 26, 2006, reducing interest expense on these facilities by 75 basis points. The refinancing is expected to reduce annual interest expense by approximately $8 million...Read More »

  3. MKA Capital Exchanges Its Assets and Enters Into Resources Recovery Business

    MKA Capital, Inc. (OTCBB: MKAC) announced its intention to exchange its aviation leasing business in order to enter the flourishing industrial resources recovery business. MKA will dispose of its 75% ownership in MK Aviation, SA in exchange for 100% of Sancon Recycling Pty Limited. Consequently, MKA will change its name to Sancon Resources Recovery Inc. Sancon is an industrial waste management company with its operations based in Australia, Hong Kong and China. Sancon currently exports more than 6,000 tons of plastic, cardboard, paper and other forms of recyclable materials every year. Through its Hong Kong based affiliates it imports into China 25,000 tons of recyclable materials every year for resell after further processing either from its own processing plants or other processing plants...Read More »

  4. Waste-to-energy Plant Proposed

    Mon Valley Power LLC proposes to build a waste-to-energy facility in the Mon Valley (Monongahela, Pennsylvania) to provide lower cost electrical power to local industries from wastes generated by municipalities and industries in the region. The Allegheny County Redevelopment Authority agreed to use a $100,000 special project grant from the federal government to help find a suitable site. This is in addition to a $380,000 grant from the Pennsylvania DEP to develop the technology...Read More »

  5. Toshiba Develops Biodegradable Packing Material From Seaweed

    Toshiba Corp. has developed a biodegradable type of packing material that is derived from seaweed and has cushioning properties similar that of foamed polyurethane. Unlike other biodegradable types of packing materials made from cornstarch, the new material has a resiliency comparable to foamed polyurethane in the way it returns to its original thickness after being compressed under heavy weight. And in contrast to the starch-based materials, it shows almost no shrinkage when heated. Because it is biodegradable, the new packing material will eventually disintegrate when buried in landfill or it can be reconstituted into new packing material. Toshiba hopes to have a practical version ready in 12 months...Read More »

  6. Rhode Island Utility Repays $5 Million For Clean Up Of Attleboro Dump

    Massachusetts Attorney General Tom Reilly announced that the Rhode Island utility, Narragansett Electric, will pay $5 million to reimburse the Commonwealth's costs in cleaning up a hazardous waste site in Attleboro MA. The agreement resolves a cost recovery case initially filed on behalf of the Massachusetts Department of Environmental Protection (MassDEP). Contamination of the site dates back a century. The predecessor of Narragansett Electric had disposed waste generated by a coal gasification plant at the site that is now primarily a residential area. Pollutants include ferrocyanide (FFC), that can be acutely toxic in certain environmental conditions...Read More »

  7. Former Landfill to Get New Life

    The U.S. Marine Corps has committed $3 million to cleanup and cover a former landfill just west of the Indian Lake Refuge area near Albany, GA. The project involves placing a 52-inch-thick soil and compost (evapotranspiration) cover over the 28-acre site and then replanting it with grass and trees to slow the percolation of rainwater through buried contaminants into the groundwater. The landfill restoration project is in conjunction with another $4 million project to treat and monitor the base's overall groundwater system...Read More »

  8. World Waste Technologies, Inc. Announces $25 Million in New Equity Funding

    World Waste Technologies, Inc. (OTCBB: WDWT) has secured $25 million in new equity financing in two private placements. The Company intends to use the proceeds to get its first MSW biomass plant in Anaheim, CA running efficiently; begin the planning for additional World Waste facilities; and to commercialize additional beneficial uses for cellulose biomass and other residual streams such as higher value added paper products, fuel grade ethanol, building products, and refuse derived fuels...Read More »

  9. Clean Harbors' Presentation at the Credit Suisse Conference to be Webcast Live on June 1

    Clean Harbors, Inc. (NASDAQ: CLHB), a leading provider of environmental and hazardous waste management services in North America, announced that senior management will be presenting at the Credit Suisse Environmental and Engineering Services Conference. The conference is being held June 1 in New York City. Clean Harbors' presentation will take place at 10:15 a.m. (EDT) on Thursday, June 1, 2006 and will be webcast live...Read More »

  10. R. W. Beck to Lead Bioreactor Landfill Update for Denton, Texas

    The City of Denton, Texas (www.cityofdenton.com), hired management consulting and engineering firm R. W. Beck, Inc. to help extend the operating life of its landfill by decreasing its overall volume -- using an anaerobic bioreactor cell. Bioreactor landfills as opposed to standard "dry tomb" sanitary landfills, recirculate liquids (leachate) or inject other liquids to facilitate anaerobic decomposition of the waste. Early studies show that the process reduces landfill volumes and thus adds to landfill capacity by as much as 30%. The increased rate of decomposition drives more rapid production of landfill gases that can be more effectively and efficiently recaptured for energy recovery and at lower risk to the environment...Read More »

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