American Eco to Develop Northeastern Thermal Treatment and Recycling Facility.HOUSTON, Texas--(BUSINESS WIRE)--June 12, 1996--AMERICAN ECO CORP. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ECGOF TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ECX) AMERICAN ECO CORPORATION announced it has entered into a Letter of Intent with Casie Protank of Vineland, New Jersey For other uses, see Vineland (disambiguation). Vineland is a city in Cumberland County, New Jersey, United States. As of the United States 2000 Census, the city had a total population of 56,271. to develop a thermal treatment and recycling facility in the Philadelphia metropolitan area of southern New Jersey. American Eco has recently acquired low and medium temperature thermal desorption plants through its acquisition of Eco Systems, Inc., of High Point, North Carolina
High Point is a city located in the Piedmont Triad region of North Carolina -- the 36th largest metro area in the United States with a population of 1.5 million. . The technology owned by American Eco is permitted to operate in multiple states, including New Jersey, for the thermal treatment of soils, sediments and sludge's contaminated with a wide array of organic chemicals and petroleum hydrocarbons, such as PAH's and coal tars. Casie Protank is a permitted by NJDEP NJDEP New Jersey Department of Environmental Protection for solid and hazardous waste, management, treatment, and bulk storage. Casie Protank is also permitted to construct and operate a Class B recycling center which is incorporated within the State and county waste flow plan for the management of contaminated soils containing petroleum or polyaromatic hydrocarbons. American Eco and Casie Protank intend to form a partnership to build, own and operate the thermal treatment facility which will be the only Class B Recycling facility in New Jersey with these capabilities. As the managing partner, American Eco has already entered into discussions with remediation contractors and a local utility for treatment of over 200,000 tons of contaminated soil and coal tars. American Eco President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Michael E. McGinnis, stated "The venture with Casie Protank allows us to utilize newly acquired technologies to further integrate our operating companies. In addition, this venture places American Eco firmly into the Northeastern part of North America when combined with our recent acquisition of M&M Manufacturing assets in Dartmouth, Nova Scotia Dartmouth (2001 pop.: 65,741[0]), founded in 1750, is a community and planning area of the Halifax Regional Municipality, a provincially designated Metropolitan Area, and a former city in the Canadian province of Nova Scotia. ." Future developments include adding the waste minimization and separation technology of SRS SRS, SRS-A see slow-reacting substance. of Irvine, California, a company that American Eco is in the process of acquiring. AMERICAN ECO is a leading North America provider of single source construction, project management, maintenance, demolition, dismantlement and environmental remediation services in the refining, petrochemical, government, commercial, manufacturing, and utility industries. CONTACT: American Eco Corporation (Houston, Texas) Michael E. McGinnis, 713/807-0100 or American Eco Corporation (Toronto, Canada) John C. Pennie, 416/340-2727 |
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