Printer Friendly

F.I.R.M. TO AUCTION RIGHTS TO TOXIC WASTE CLEANUP TECHNOLOGY

 F.I.R.M. TO AUCTION RIGHTS TO TOXIC WASTE CLEANUP TECHNOLOGY
 LOS ANGELES, OCT. 30 /PRNewswire/ -- First International Resource Marketing (F.I.R.M.) announced today that it plans to auction an exclusive licensing agreement for its RENEU(TM) soil remediation process.
 The auction, for the exclusive license for Kern County, will be held in Bakersfield on Wednesday, November 17. Miami-based Auction Company of America and San Antonio based Superior Auctioneers and Marketing Inc., in conjunction with Redwood City consultants Mel Bloom and Associates Inc., will conduct the sale.
 "The interest in RENEU has been so great that we feel an auction is the best way to decide who will be licensed to use the process," said William Wismann, chairman and chief executive officer of F.I.R.M.
 Wismann said that for the sale of the rights in Kern County, bidders will make a $100,000 refundable deposit with the auctioneer to qualify to participate in the bidding .
 RENEU is a revolutionary process that utilizes a proprietary emulsifying surfactant to separate toxic waste contaminants from soil and can also enhance the recovery of oil deposits normally not commercially recoverable by any other known means. According to Mr. Wismann, Kern County is a prime area for both applications. "If Kern County were a state, its annual production of oil and gas would rank 4th behind Alaska, Texas and Louisiana," Wismann said. The county also has approximately 300 known sites which have been "tagged" due to contamination.
 Numerous tests by independent laboratories have shown the RENEU Process to be up to 100 percent effective in removing an array of contaminants from soil. The separation process can handle up to 45 tons of earth per hour, allowing the remediation of the soil of a typical gas-station site in less than a week.
 F.I.R.M.'s remediation affiliate has reached an agreement with the Federal Environmental Protection Agency to use the RENEU Process at a Superfund site. Selection of a specific site is currently under discussion. The California EPA has also agreed to assess the technology. Such a demonstration should be held later in the year.
 "We believe that we have the solution to the nation's toxic waste problem," said Wismann.
 Wismann said the Kern County auction will be followed by similar auctions in Louisiana and Texas in early 1993 as F.I.R.M. takes the RENEU Process to additional national markets. Plans are also developing to license the process in Europe and the former Soviet Union, which suffer from extensive environmental pollution.
 -0- 10/30/92
 /CONTACT: Mike Sitrick or Mike Kolbenschlag of Sitrick And Company, 310-788-2850, for First International Resource Marketing/ CO: First International Resource Marketing ST: California IN: SU:


BP -- LA020 -- 7158 10/30/92 13:46 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 30, 1992
Words:462
Previous Article:HOWARD JOHNSON FRANCHISE SYSTEMS TO ANNOUNCE INTERNATIONAL EXPANSION
Next Article:HOME PORT BANCORP, INC. REPORTS THIRD QUARTER EARNINGS
Topics:


Related Articles
Five-fold increase in Superfund money.
RKK SIGNS TEAMING AGREEMENT WITH CHEMICAL WASTE MANAGEMENT
HAZARDOUS WASTE CLEANUP MARKETS TO MUSHROOM TO $11 BILLION BY 1999
District court decision enhances municipal protection against Superfund lawsuits.
ENVIROGEN BEGINS FIRST COMMERCIAL APPLICATION OF NITROAROMATICS BIOREMEDIATION
INTERNATIONAL TECHNOLOGY CORPORATION ANNOUNCES APPROVAL OF FINAL CLOSURE PLAN FOR VINE HILL FACILITY
Washington State Community, Trade & Economic Development: Three Washington Firms Chosen for Environmental Cleanup in Czech Republic
New Technology Concentrates Nuclear Waste for Treatment; Expands Capabilities of Solvated Electron Technology (SET) Process

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters