Feb. 25, 2008

The Envirobiz Waste Business Update (formerly the Chartwell Waste Industry Update) is distributed weekly. The Update's purpose is to provide stakeholders with weekly summaries of important developments in solid waste management.

1. ONTARIO'S GOVERNMENT WILL DOUBLE HHW COLLECTION EFFORTS

Ontario’s government has approved plans to double the amount of household hazardous waste and special waste that Ontario diverts from landfills over the next five years. The program will be developed under the oversight of Waste Diversion Ontario, and is designed to make it easier and more convenient for residents to return these items to designated collection sites. (Source: Solid Waste & Recycling)

2. REPUBLIC CHAIRMAN EXERCISES OPTIONS ON SHARES

Republic Services Chairman and CEO James O’Connor earned approximately $1.5 million when he cashed in stock options last week. In forms filed with the Securities and Exchange Commission, O’Connor purchased 86,250 shares for about $1.1 million and then sold the shares for approximately $2.6 million. O’Connor’s equity stake remains at 341,658 shares. (Source: SEC)

3. GREENSHIFT EXECUTES AGREEMENT TO USE BIOFUEL TECHNOLOGY

GreenShift Corporation (OTC: GERS) has executed agreements with Biofuel Industries Group, LLC of Adrian, Michigan, under which GreenShift agrees to design and build more than $10 million worth of biodiesel production and other equipment based on GreenShift’s proprietary biofuel technologies. GreenShift will design, build and commission an additional 20 million gallons per year of biodiesel production capacity; the company had previously sold Biofuel Industries an early version of its 10 million gallon per year biodiesel production system. More information: www.greenshift.com.

4. ALLIED RELEASES FOURTH-QUARTER, FULL YEAR RESULTS

Allied Waste Industries has announced that its fourth-quarter profit increased versus a prior year quarter which had been affected by one-time charges. For the quarter, Allied earned $115.3 million, or 26 cents per share, compared with $9.8 million, or less than a penny per share, in 2006. For the full year of 2007, Allied earned $273.6 million, or 63 cents per share, compared with $160.9 million, or 33 cents per share, in 2006. Revenue rose to $6.07 billion from $5.91 billion.

5. s&p shows optimism on shaw

Standard & Poor’s Ratings Services has said it may upgrade Shaw Group’s ratings from “junk” status, provided the company continues to show strong cash flow and financial discipline. S&P raised the company’s ratings outlook to “positive” from “stable.” Shaw currently has a “BB” rating, which puts it two levels below investment grade. (Source: AP)

6.  NRC Recognizes coke's recycling efforts

The National Recycling Coalition has awarded Coca-Cola Co. with the NRC’s annual “Recycling Works!” award, recognizing the company’s sustainable package design, investment in recycling infrastructure, and goal to recycle or reuse 100 percent of its PET bottles in the U.S. In 2006, the company spent $60 million to reach its PET goal, which included the construction of a PET recycling facility in Spartanburg, S.C. The company also has a long-term goal to recycle 100 percent of the aluminum cans it sells in the U.S.

The Chartwell Solid Waste Digest (www.wasteinfo.com) and the EI Hazardous Waste Digest (www.envirobiz.com) that are sourced in the Updates are both subscription-based market research services of The Envirobiz Group. Please contact our service center at 952-831-2473 or email: ei@enviro-information.com for further information.