BioSafe signs pact to remodel town of South Hadley, Mass. landfill.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 21, 1995--BioSafe International Inc. (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 :BSFE BSFE Bureau of Surveillance and Field Epidemiology ) announced today that it has successfully completed negotiations and signed a contract with the town of South Hadley South Hadley, residential town (1990 pop. 16,685), Hampshire co., W Mass., on the Connecticut River near the Holyoke Range; settled 1684, inc. 1775. Its paper industry dates from the early 19th cent. , Mass., designating BioSafe as the sole vendor for the remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling of The South Hadley community landfill. This is the second landfill remodeling project that BioSafe has won. BioSafe currently operates the 28-acre landfill in Fairhaven, Mass., its first landfill remodeling site, and is currently in the process of gaining the necessary permits to begin operations of its 80 percent-owned 200-acre Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). landfill, in Moretown, Vt. The 27-acre South hadley landfill will be the next site for BioSafe's proprietary landfill remodeling process. Under the terms of the agreement, BioSafe will take over from the town the complete operations of the landfill; however, the town of South Hadley will retain full ownership of the landfill. Upon completion of all landfill remodeling activities to be performed by BioSafe, the reprocessed South Hadley landfill will have a new capacity of 900,000 tons of waste. With a planned fill rate of approximately 400 tons per day, the total project life of the South Hadley landfill is estimated to be 7.5 years. Based on a tipping fee of $45 per ton of waste, potential revenues to BioSafe from the South Hadley landfill are projected to be $44,000,000. Revenues are expected to begin by the middle of 1996. Through landfill remodeling BioSafe creates new space within the existing landfill footprint by reprocessing Reprocessing may refer to:
n. 1. A long irregular strip that is cut or torn off. 2. A small amount; a particle: not a shred of evidence. tr.v. and compacting the remaining waste and then returning it to the landfill. BioSafe can often recover between 50 percent and 80 percent of the previously used space. The remodeling of this landfill by BioSafe will provide new waste disposal capacity through economically and environmentally sound methods to a region where landfill space is in short supply. BioSafe International Inc. is a fast growing, innovative solid waste management company. The company is the world leader in "landfill remodeling" -- a patented process that BioSafe developed for recycling existing landfills. BioSafe is also evaluating additional opportunities to apply its patented materials and size reduction technologies, including tire and rubber waste recycling, medical waste treatment, dredged spoils remediation and industrial sludge sludge (sluj) a suspension of solid or semisolid particles in a fluid which itself may or may not be a truly viscous fluid. sludge a suspension of solid or semisolid particles in a fluid. disposal. CONTACT: BioSafe International Emily Peterson, 617/497-4500 or Liviakis Financial Communications Inc. Robert Prag, 916/448-6084 |
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