Weekly News Bulletin: Feb. 27-Mar. 5, 2007


According to the GAO, $12 Billion to Cleanup Leaking Fuel Tanks

According to the GAO, it will cost $12 billion to clean up the contamination caused by tens of thousands of leaking underground gasoline storage tanks. The figure vastly eclipses the $72 million that Congress and the Bush Administration provide each year. The EPA, which oversees the cleanups, has already spent $10 billion over the last 20 years but 117,000 faulty tanks still await remediation...Read More »



Australian Giant Sims Group to Buy Two US E-Waste Operations

Australian scrap giant Sims Group is buying two US electronic recycling operations for about $60 million to add to its rapidly growing electronic waste business. The acquisition of Chicago-based United Recycling Industries (URI) and a second US electronic waste recycler will make Sims the largest electronics recycler in North America handling an estimated 25 million units per year...Read More »



Ohio EPA Could Deny Stark County Landfill Its License

The Ohio EPA is warning Countywide Recycling and Disposal, a division of Republic Services, that it could lose its license to operate if it fails to extinguish an underground fire and prevent leakage. In a letter to William Franks, Stark County's health commissioner, Ohio EPA Director Chris Korleski said the 258-acre landfill is not in compliance with Ohio's environmental laws. Will Flower, a spokesman for Republic Services, said the landfill has been making improvements and should be licensed...Read More »



WCA Waste Corp. Buys American Waste, Inc. of Oklahoma City

Commercial and residential waste company WCA Waste Corp. is buying Oklahoma City based American Waste Inc. and related units. Financial terms of the deal were not disclosed. American generates about $15 million in annual revenues. Its businesses include three landfills and a 50 truck collection operation servicing about 17,000 customers...Read More »



EPA to Move PCB Program to Office of Solid Waste

On October 1, the US EPA is moving its management of the PCB cleanup and disposal program to the Office of Solid Waste and Emergency Response (OSWER), from its current spot in the Office of Prevention, Pesticides and Toxic Substances (OPPTS). It is hoped that putting all cleanup programs under one roof will lead to greater efficiencies...Read More »



Allied Waste Names Two New Members to Its Board of Directors

Allied Waste Industries named two new members to its Board on February 19: William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide Holdings, Inc. and John M. Trani, Chairman of Accretive Commerce. The choice appears an indication of Allied's evolving self-image as a logistics company. Mr. Flynn is past President and CEO of GeoLogistics Corp. and before that, a SVP with CSX Corp. Mr. Trani was Chairman and CEO of The Stanley Works after spending 18 years with General Electric...Read More »



Allied Waste Prices $750 Million of Senior Notes at 6 7/8%

Allied Waste Industries Inc. said its subsidiary Allied Waste North America is commencing a tender offer to purchase any and all of its $750 million in senior notes due 2008, to be financed by a concurrent public offering of $750 million in senior notes due 2017. The notes are offered under Allied's existing shelf registration. The tender offer expires March 23...Read More »



Covanta's Fourth Quarter Revenues and Earnings Up

Covanta Holding Corp. (NYSE: CVA) reported fourth-quarter net income of $11.9 million, or 8 cents a share, up from $5.71 million, or 4 cents a share, in the year-ago period. Revenue rose to $317.9 million from $303.4 million. Meanwhile, the company reaffirmed its full-year 2007 earnings forecast of 65 cents to 75 cents a share. "We are very pleased with our strong operating results in 2006, in particular the meaningful growth we produced from our existing facilities." said Anthony Orlando, President and CEO...Read More »



Pure Earth, Inc. Acquires Major New Jersey Waste Processing Complex

Pure Earth, Inc. agreed to acquire a major NJ waste processing complex that consists of three companies in the recycling business located on 32 acres in Vineland, NJ. The companies process and recycle oils, solvents, refinery wastes, contaminated soils and filter cakes in solid and liquid form, which collectively is a business with about $22 million in revenues serving over 300 customers in 10 states and employing 120 people. Although the terms of the agreement were not disclosed, Pure Earth expects to invest $4.5 million to upgrade and expand operations...Read More »



Clean Harbors to Announce 4Q 2006 Results and Host Conference Call on March 14

Clean Harbors, Inc. will host a conference call to discuss its fourth quarter and full year financial results to be released that same day: Wednesday, March 14, 2007...Read More »



Synagro Will Release 4Q Results on Feb. 28 and Host Conference Call Mar. 1

Synagro Technologies, Inc. (Nasdaq: SYGR) will release its fourth quarter financial results on Wednesday, February 28, 2007 after the close of markets and invites investors to participate in a conference call on March 1, 2007...Read More »



Gundle/SLT Will Release 4Q 2006 Results on Mar. 1 and Host Conference Call

Gundle/SLT Environmental, Inc., the Houston TX-based producer of geosynthetic lining solutions, will release fourth quarter financial results on March 1, 2007 and hold a conference call the following day to discuss...Read More »


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