American Ecology Subsidiary Awarded $1.5 Million Contract; Field Services Group to Decommission Closed Waste Processing Plant in Tennessee.Business Editors and Environmental Writers BOISE, Idaho--(BUSINESS WIRE)--July 5, 2001 American Ecology Corporation (Nasdaq:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ) today announced that a $1.5 million contract was awarded to subsidiary US Ecology to decommission de·com·mis·sion tr.v. de·com·mis·sioned, de·com·mis·sion·ing, de·com·mis·sions To withdraw (a ship, for example) from active service. a closed commercial radioactive and hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. processing facility in Oak Ridge, Tennessee Oak Ridge is an incorporated city in Anderson and Roane Counties in East Tennessee, about 25 miles northwest of Knoxville. Oak Ridge's population was 27,387 people at the 2000 census. . The Tennessee Department of Environment and Conservation The Tennessee Department of Environment and Conservation (TDEC) is a Cabinet-level agency within the government of the U.S. state of Tennessee, headed by the Tennessee Commissioner of Environment and Conservation, who is currently James H. "Jim" Fyke. awarded the competitively bid contract to US Ecology's Oak Ridge-based Field Services Division to decommission the M4 radioactive and hazardous waste processing facility. US Ecology and teaming partner D.F. Shoffner, Inc. will identify, remove, transport and dispose of radiological and chemical contaminants from the M4 site and coordinate with the state on post- cleanup activities. "This award continues the successful expansion of our Field Services business," Barbara Trenary, President of American Ecology's Nuclear Division commented. "We are particularly pleased to serve the State of Tennessee on this important environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a effort," Trenary added. American Ecology Corporation, through its subsidiaries, provides radioactive, PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. , hazardous and solid waste services to commercial and government customers throughout the United States, such as nuclear power plants, medical and academic institutions, agricultural companies, steel mills and petro-chemical facilities. The company provides scientific solutions that protect people and the environment. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services company in the United States. This press release contains certain forward-looking information and statements. Actual results and future contract awards may differ materially from what is expressed in these forward-looking statements and there can be no assurance given that the Company will secure additional field services contracts. For additional information, please refer to American Ecology Corporation's most recent quarterly and annual reports filed with the Securities and Exchange Commission. |
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