Weekly News Bulletin: Aug. 11-17, 2005


Organic Recycling Agrees To Develop China Waste Facility

Organic Recycling Technologies Inc. (OTC: ORCY) has signed a letter of intent with Chongqing Jinxibeina Complete Equipment Imp & Exp. Co., a subsidiary of the Chongqing International Economic Technology Cooperative Co. to construct and operate a waste conversion facility in Chongqing, China, with an estimated dollar value of $8 million to $10 million. The facility will operate on a 25-year guaranteed put-or-pay contract, and the Chongqing Group will purchase the facility from Organic Recycling at cost plus $2.5 million following three months' operations...Read More »



RecycleNet Will Establish Market for Recycling Coordinators

RecycleNet Corporation (OTC: GARM) has announced that it will begin offering the Municipal Recycling Market Co-op Service (www.scrapwaste.com) to provide access for recycling coordinators to find new markets for their materials. The service is intended to allow recycling coordinators across North America to divert more waste from their landfills...Read More »



Waste Industries Approves Dividend, Announces Acquisition

Waste Industries USA Inc. (Nasdaq: WWIN) has approved a quarterly dividend of $0.08 per share. In addition, the company has acquired the assets of Moriah Industries, LLC, a commercial collection business in Rome, Ga. The acquisition will be a tuck-in to the company's current operations in Polk County near Atlanta...Read More »



Recycling Industry Forms Southeast Recycling Development Council

Members of the recycling industry in the southeastern U.S. have formed the Southeast Recycling Development Council, comprising members from Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Tennessee, North Carolina and South Carolina. The organization is designed to promote education and collection efforts, and is open to any recycling organization seeking membership...Read More »



Alabama Suspends All Landfill Permitting

For the second time in four years, Alabama's solid waste program has halted the permitting of new or expanded landfills. A Montgomery Circuit judge has ruled that the state's regional planning commissions are no longer required to approve proposed landfills, but did not change a state law requiring local approval. For now, the state cannot issue any new permits without local approval...Read More »



Los Angeles Receives Six-Month Extension on Landfill Decision

Los Angeles Mayor Antonio Villaraigosa has asked Browning-Ferris Industries, the operator of the Sunshine Canyon landfill in San Fernando Valley (www.sunshinecanyonlandfill.com), to give the city six more months to decide whether to extend its contract. The additional time could allow the city to decide whether to approve a five-year extension. Villaraigosa wants to keep using the facility because the city has no immediate options; without a contract, the city could end up paying at least $17 million more per year in higher landfill fees...Read More »


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