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Waste Business Journal Weekly News Bulletin: Jan. 22-28, 2007

Headlines...

  1. Michigan Lawmakers Reintroduce Bill to Stem Canadian Waste Imports
  2. Kohlberg Kravis Roberts and CVC to Acquire Dutch Waste Management Company
  3. Prometheus Produces World's First Commercial LNG from Landfill Gas
  4. Covanta Recapitalizes Debt and Projects Positive Earnings
  5. Marine Corps' Camp Pendleton Landfill Could Cost Millions to Cleanup
  6. Moody's Upgrades Allied Waste Outlook
  7. Sharps Compliance Corp. Reports 19.5% Growth in 2nd Quarter Revenue
  8. MHF Logistical Solutions Launches British Subsidiary

 

  1. Michigan Lawmakers Reintroduce Bill to Stem Canadian Waste Imports

    Michigan lawmakers have reintroduced legislation to regulate waste imports from Canada. Last year, the federal bill had passed in the House but failed to win Sentate approval. It authorizes states to limit the shipment of international wastes until the US EPA issues formal regulations. The bill is intended to address the nearly 4 million tons of waste imported from Canada each year rolling across the border on 350 trucks per day. The issue has been a sore point for Michigan for some time during which time politicians have employed a variet of tactics aimed at stopping the flow...Read More »

  2. Kohlberg Kravis Roberts and CVC to Acquire Dutch Waste Management Company

    Private equity firms Kohlberg Kravis Roberts & Co. (KKR) and CVC Capital Partners (CVC) have agreed to buy Dutch waste management company Van Gansewinkel. They plan to merge it with AVR, which the two bought last year. The new entity will become a fully integrated waste management company covering the entire value chain from consulting to collection, processing and disposal creating a top player in the European market...Read More »

  3. Prometheus Produces World's First Commercial LNG from Landfill Gas

    Prometheus Energy Co. said it began producing liquid natural gas (LNG) from the world's first landfill gas-to-LNG plant at the Bowerman Landfill in California. This landfill currently flares enough landfill gas to make about 40,000 gallons of LNG per day, which is increasing every year. The current plant with a capacity of 5,000 gallons per day, is the first of three phases planned for the landfill. The output will be used to power public transport vehicles in the landfill's host community of Orange County California...Read More »

  4. Covanta Recapitalizes Debt and Projects Positive Earnings

    Covanta Holding Corporation (NYSE: CVA) is embarking on a comprehensive recapitalization plan to refinance all credit facilities of its main Covanta Energy Corp. unit, with fresh loans totaling $1.3 billion. Covanta also said that it expects to earn between $0.65 and $0.75 per share, including the impact of $38 million in estimated expenses and $39 million in estimated interest expense savings associated with the recapitalization plan. It also plans to offer about $125 million of its common shares and $325 million of convertible debentures...Read More »

  5. Marine Corps' Camp Pendleton Landfill Could Cost Millions to Cleanup

    The Marine Corps' Camp Pendleton may have to spend millions to fix a landfill near the center of the base which threatens surrounding water supplies and has been called the greatest engineering failure of its kind in San Diego California history. The Las Pulgas landfill had been expanded as recently as 1999, but shoddy construction leading to liner failures forced officials to close the site in 2003...Read More »

  6. Moody's Upgrades Allied Waste Outlook

    Citing strong revenue growth and positive free cash flow, Moody's Investors Service revised its outlook on Allied Waste Industries to positive from stable. A positive outlook means Moody's is likely to raise Allied's ratings in the next 12 to 18 months...Read More »

  7. Sharps Compliance Corp. Reports 19.5% Growth in 2nd Quarter Revenue

    Sharps Compliance Corp., which provides medical waste disposal solutions, reported 19.5% growth in revenues to $3.2 million from $2.7 million during its second quarter versus last year. Dr. Burton J. Kunik, Chairman and CEO attributed the strong showing to strong sales of the Sharps Disposal by Mail System(R) to pharmacies and grocery stores utilized to support seasonal flu shot clinics. This is part of company efforts to broaden distribution channels and amplify direct sales efforts...Read More »

  8. MHF Logistical Solutions Launches British Subsidiary

    MHF Logistical Solutions Inc., which helps in the packaging and transport of hazardous and non-hazardous wastes, has launched a new United Kingdom subsidiary to lead company efforts to expand there and in Europe. According to Richard Santello, president and CEO, "The U.K. nuclear market is particularly attractive now because of its robust level of plant decommissioning activity and because of the British nuclear industry's emphasis on environmental safety and its openness to innovation."...Read More »

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