M4 AWARDED DOE CONTRACT FOR HANFORD CLEANUP.OAK RIDGE, Tenn.--(BUSINESS WIRE)--Sept. 26, 1996--M4 Environmental L.P. (M4) is a key member of the Lockheed Martin team that won a U.S. Department of Energy (DOE) contract involving the use of a Catalytic Extraction Processing (CEP CEP congenital erythropoietic porphyria. CEP abbr. congenital erythropoietic porphyria ) system at DOE's Hanford (Wash.) site. CEP uses molten metal to reduce 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. compounds to their basic elements. With the addition of select reactants, these elements can be recombined to form desired industrial products. Quantum-CEPTM is a related technology for processing radioactive waste. It destroys the hazardous components and reduces and stabilizes the radionuclides. "The Hanford contract is a significant achievement for us because it demonstrates the broad potential of our technology," explained Bob Merriman, M4's president and chief executive officer. "This contract award reflects the U.S. government's confidence in our ability to use CEP in processing some of the nation's most problematic wastes." Under the Tank Waste Remediation System (TWRS TWRS Tank Waste Remediation System TWRS True Wave Reduced Slope ) contract, which was announced yesterday by Energy Secretary Hazel O'Leary, a Quantum-CEPTM system will be used to treat highly radioactive waste stored in tanks at the Hanford site, near Richland, Wash. Approximately 56 million gallons of waste contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. with 240,000 metric tons of process chemicals and 250 mega-curies of radionuclides are stored in 177 tanks. The Lockheed Martin team includes: M4, Molten Metal Technology, Inc., Nukem, Numatec and Fluor Daniel. The total contract value is approximately $4 billion in two phases. The first phase, worth $27 million over 20 months, involves process and plant design as well as permitting. The second phase, worth approximately $3.5 billion over 10 to 14 years, involves construction and operation of a pilot plant for processing approximately 10 percent of Hanford's tank waste inventory. The TWRS project is the most complex technological and engineering effort undertaken by DOE in many years. "It's exciting to be a part of that," Merriman said. "This is one of the toughest processing jobs in the country, and our team was able to put forward a unique technical approach. This contract also paves the way for us to participate in DOE's other major tanked waste cleanup projects," he added. One potential project involves the Melton Valley Storage Tanks at DOE's Oak Ridge National Laboratory Oak Ridge National Laboratory (ORNL) is a multiprogram science and technology national laboratory managed for the United States Department of Energy by UT-Battelle, LLC. ORNL is located in Oak Ridge, Tennessee, near Knoxville. . Like the Hanford tanks, the Melton Valley tanks contain thousands of gallons of highly radioactive waste. M4 believes Quantum-CEPTM would be very effective in destroying the hazardous components of this waste and reducing the volume of radioactive materials requiring disposal and stabilizing radioactive residues for safe, long-term disposal. M4 is the limited partnership of Lockheed Martin Corp. (NYSE NYSE See: New York Stock Exchange :LMT LMT left mentotransverse (position of fetus). ) and Molten Metal Technology, 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 :MLTN MLTN Maine Land Trust Network (Topsham, ME) ). Established in 1994, M4 has the exclusive license from Molten Metal Technology to provide CEP technology to the U.S. Departments of Energy and Defense and the United States Enrichment Corp. CONTACT: M4 Environmental L.P., Oak Ridge Media Contact: Gail Rymer, 800/693-0060 or 423/220-4182 |
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