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Waste Business Journal Weekly News Bulletin: Jan. 15-21, 2008

Headlines...

  1. Yucca Mountain Nuclear Waste Project Likely to be idled for a While
  2. Lakeside Energy Invests in Renewable Energy Partnership
  3. GE Energy to Double Investments in Renewable Energy
  4. EnGlobe Begins Search for New CEO
  5. Veolia ES Solid Waste Acquires Columbus GA Waste Company
  6. Veolia Environmental Promotes Burke and Adix
  7. Sonoco Recycling Opens New, Larger Facility in Charleston
  8. Perma-Fix Completes Sale of Baltimore Industrial Facility for $3.8 Million
  9. EPA Recognizes Standouts in Landfill Gas to Energy
  10. Alter Nrg Corp. Sells Plasma Gasification System in Turkey
  11. Waste Management to Announce 4th Quarter on Feb. 13
  12. Allied Waste to Announce 4th Quarter on Feb. 14
  13. Republic Services to Announce 4th Quarter on Feb. 6
  14. Waste Connections to Announce 4th Quarter on Feb. 11
  15. Ze-gen, Inc. Gets Additional $2.5 Million from Pinnacle Ventures
  16. NSWMA Launches Radio Ads to Urge Motorists to Slow Down to Get Around

 

  1. Yucca Mountain Nuclear Waste Project Likely to be idled for a While

    The Yucca Mountain nuclear waste project may have to be idled for a while. Opposition from Senate Majority Leader Harry Reid, D-NV and a sharply scaled back budget for the site from Congress will force the project's director Edward F. "Ward" Sproat to layoff workers and may hamper efforts to finish a required license application by June 30. Congress' allocation of $386.5 million to the project for 2008 is the lowest in years. Already 63 workers in Nevada for Bechtel SAIC, the project's managing contractor have been laid off with many more likely to follow...Read More »

  2. Lakeside Energy Invests in Renewable Energy Partnership

    Chicago-based energy company Lakeside Energy LLC announced a significant investment in a renewable energy partnership, Dongara Pellet Plant LP to develop, own and operate renewable energy facilities in North America. Dongara has a patented process to manufacture a clean and renewable engineered fuel product from municipal solid waste. The resulting fuel is expected to be a competitive substitute for fossil fuels and biomass with a heat content of between 10,000 and 12,000 btu/lb. Dongara currently has one 200,000 ton per year facility under construction in Canada that will begin operating in the second half of 2008. Partners in the deal also include Borealis Infrastructure, an investment entity of Ontario Municipal Employees Retirement System (OMERS) which has over Cdn$50 billion in assets...Read More »

  3. GE Energy to Double Investments in Renewable Energy

    Stamford CT-based GE Energy Financial Services, a unit of General Electric Co. raised its 2010 renewable energy investment target by 50% to $6 billion from its prior target of $4 billion. It currently has a $3 billion portfolio. GE also said that it is investing $300 million in four wind farms owned by Horizon Wind Energy LLC, a Houston wind farm developer. The wind farms, totaling 600 megawatts, are located in Oregon, Minnesota, Illinois and Texas. By 2010, GE expects renewable energy transactions to comprise 20% to 25% of its overall energy and water portfolio, up from about 10% in 2006...Read More »

  4. EnGlobe Begins Search for New CEO

    Leading Canadian environmental services company EnGlobe Corp. said that its President and CEO Tony Busseri is stepping down and resigning as a director by mutual agreement with the company. Busseri lead the restructuring of the former Environmental Management Solutions Inc. He is also a former co-founder and Chairman of Waste Services, Inc. (formerly Capital Environmental Resource, Inc.). Aline Belanger, currently the CFO, has been assigned interim President and CEO while the company and its board seek a replacement...Read More »

  5. Veolia ES Solid Waste Acquires Columbus GA Waste Company

    Veolia ES Solid Waste has acquired Columbus GA-based waste collection company Sandman Inc. Sandman and its 30 employees operate front-load and roll-off waste collection and portable toilet services for commercial customers in Columbus and in the Alabama cities of Auburn, Opelika and Eufaula. Terms of the deal were not disclosed. Veolia plans to tuck Sandman's operations into its recently acquired operations in Columbus and internalize the collected waste into the Veolia Taylor County Landfill in Mauk, GA...Read More »

  6. Veolia Environmental Promotes Burke and Adix

    Veolia Environmental Services North America announced the appointment of Richard Burke as president and CEO of Veolia ES Solid Waste Inc. Burke was initially appointed president and chief operating officer of the company in January 2007. He had previously served as the regional vice president for the eastern and southern markets after originally joining the company in 1999 as an area manager. In addition, Jeff Adix, chief financial officer of Veolia ES Solid Waste, has been appointed to the additional post of senior vice president for the parent company...Read More »

  7. Sonoco Recycling Opens New, Larger Facility in Charleston

    Sonoco Recycling, a leading global diversified packaging company is opening a larger more state-of-the-art materials recycling facility in Charleston, S.C. The nearly 30,000 square foot building on a 5-acre site is expected to be "much more efficient," said Myles Cohen, vice president and general manager of Sonoco Recycling, the Sonoco business unit formerly known as Paper Stock Dealers. "Its additional space and improved productivity will allow us to process and warehouse a larger volume of recyclables than we've been able to handle in the past." The facility will have an annual processing capability of about one-quarter of a billion pounds of recyclable materials...Read More »

  8. Perma-Fix Completes Sale of Baltimore Industrial Facility for $3.8 Million

    Perma-Fix Environmental Services Inc. recently completed the sale of one of its industrial segment facilities located in Baltimore, Maryland, to Triumvirate Environmental Inc. for $3.825 million in an all cash transaction. Triumvirate Environmental is a full service environmental management firm headquartered in eastern Massachusetts. Perma-Fix originally signed a letter of intent with Triumvirate in September covering its entire industrial business segment valued to be $14.2 million, after an earlier deal, back in May with EQ - The Environmental Quality Company fell through...Read More »

  9. EPA Recognizes Standouts in Landfill Gas to Energy

    The US EPA, during its 11th Annual Landfill Methane Outreach Program Conference, recognized a number of standout landfill projects. Among those noted for "Projects of the Year" are the Greentree Landfill Gas Project in Kersey, PA, the Iris Glen Landfill Gas Project in Johnson City, TN, and the Southeastern Chester County Refuse Authority (SECCRA) in Chester County, PA. Framingham, MA-based Ameresco was recognized as an "Industry Partner" for its innovative landfill gas energy projects, 13 of which are operational with 9 more under construction. PA-based Greater Lebanon Refuse Authority (GLRA) was hailed as a "Community Partner" for its efforts to create an educational forum to "empower future leaders with green energy."...Read More »

  10. Alter Nrg Corp. Sells Plasma Gasification System in Turkey

    Calgary-based Alter Nrg Corp. has sold 4 plasma gasification systems for $2 million to Kiplasma Industries and Trade Inc. of Istanbul Turkey. Kiplasma will employ the equipment and design in a plant that will convert 144 tons per day of hazardous wastes into electricity. Alter Nrg uses the plasma torch technology it acquired from Westinghouse Corp. through its wholly owned subsidiary Westinghouse Plasma Corporation. The sale represents the company's fifth project using the WPC plasma technology. Two facilities have operated in Japan since 2002. Two more are under construction in India...Read More »

  11. Waste Management to Announce 4th Quarter on Feb. 13

    Waste Management, Inc. said that they will host a conference call on Wednesday, February 13, 2008 from 9 AM (CT) to discuss fourth quarter and full year 2007 financial results that will be released before the markets open on that same morning...Read More »

  12. Allied Waste to Announce 4th Quarter on Feb. 14

    Allied Waste Industries, Inc. announced that it will report financial results for the fourth quarter and year ended December 31, 2007, after the close of the stock market on Thursday, February 14, 2008. The Company will host a conference call to discuss those results at 5 p.m. (ET) that afternoon...Read More »

  13. Republic Services to Announce 4th Quarter on Feb. 6

    Republic Services, Inc. said that they will host a conference call on Wednesday, February 6, 2008 from 8:30 AM (ET) to announce and discuss fourth quarter and full year 2007 financial results...Read More »

  14. Waste Connections to Announce 4th Quarter on Feb. 11

    Waste Connections, Inc. will host a conference call on February 11, 2008 at 5 PM (ET) to discuss fourth quarter financial results which are to be released at the close of markets that day...Read More »

  15. Ze-gen, Inc. Gets Additional $2.5 Million from Pinnacle Ventures

    Ze-Gen, a Boston based energy company, acquired $2.5 million in funding from Pinnacle Ventures, a private venture capital fund located in California. To date, Ze-gen has raised over $8 million in financing from a range of leading clean energy institutional investors, including Pinnacle Ventures. Ze-gen held a ribbon-cutting ceremony at its large-scale demonstration facility in New Bedford, MA on July 23, 2007 and successfully commenced testing operations in October. The company has begun development and pre-engineering work on a full-scale commercial facility and is on-track to begin construction of this facility by the end of 2008...Read More »

  16. NSWMA Launches Radio Ads to Urge Motorists to Slow Down to Get Around

    The National Solid Wastes Management Association (NSWMA) has kicked off a radio campaign aimed at raising awareness among motorists of the dangers they pose to sanitation workers when they fail to drive defensively around garbage trucks. The three-week radio ad campaign is rolling out in 10 cities. The ads will be aired during the morning commute hours when accidents tend to occur. They are part of NSWMA's Slow Down to Get Around program that seeks to reduce workplace fatalities and injuries to waste collection employees. The radio ads are being conducted and funded through a grant from the federal Occupational Safety and Health Administration (OSHA)...Read More »

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