Seiler gets permit to build $12+ million vitrifier system.DUBLIN, Ohio--(BUSINESS WIRE)--Oct. 31, 1996--Seiler Pollution Control Systems, Inc. announced today the company received approval from the German government for installation of their first industrial high temperature vitrification vit·ri·fi·ca·tion n. The process of using heat and fusion to convert dental porcelain to a glassy substance. vitrification system (HTVS HTVS High Throughput Virtual Screening HTVS Home Television Satellite System ). The facility, estimated to cost approximately $12.7 million, will be located in Freiberg, Germany. Speaking from the company's Dublin, Ohio headquarters, Alan Sarko, vice president of North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. , said construction is expected to begin immediately. "The facility will use our patented vitrification process to physically and chemically change the structure of 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. components into inert ceramic glass which results in a nonhazardous recycled material," Sarko explained. "The facility will be able to process 10,000 tons of mixed wastes per year," Sarko added, noting that "The plant's capacity has been fully contracted by licensed hazardous waste facilities within a 20-mile radius of Freiberg." Seiler's $12.7 million US (18.6 DM) project cost was financed through arrangements with the German government that secured a combination of grants and subsidies from the Dresdner Bank of Germany, according to Dr. Gerold Weser, vice president of European Operations. Weser, who will oversee the project from the company's Freiberg offices, said the Dresdner agreement calls for the bank to provide Seiler with a long term credit line of $6.8 million US (9.9 million DM) for installation, construction, land purchase, site work and start-up costs. An additional line of credit for $1.4 million US (2.1 million DM) will be subsequently available, if needed. Coupled with the Dresdner credit, Seiler will receive approximately $4.5 million US (6.6 million DM) in German government grant monies for placing its high temperature vitrification recycling facility in Freiberg. Weser pointed out that the grants, which do not have to be re-paid, "are given by the government in connection with stimulating and encouraging investments from business, industry and the environmental sector to generate new job opportunities for the area." Seiler demonstrated its first commercial-sized HTVS facility last Spring in Dottingen, Switzerland. The Swiss demo facility had a processing capacity of 250-500 kilograms of waste feedstock per hour and was designed to process the following hazardous wastes: industrial paint and hydroxide sludges, industrial wastewater treatment Industrial wastewater treatment A group of unit processes designed to separate, modify, remove, and destroy undesirable substances carried by wastewater from industrial sources. sludges, electroplating electroplating: see plating. electroplating Process of coating with metal by means of an electric current. Plating metal may be transferred to conductive surfaces (e.g., metals) or to nonconductive surfaces (e.g. sludges, 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. chemicals, petrochemicals, spent solvents and oils, pesticides, asbestos containing residuals, and mixed organic/inorganic residuals. Seiler Pollution Controls Systems, Inc. is publicly traded in the 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 Small Capitalization Market under the stock symbol SEPC SEPC Space Exploration Program Council SEPC Student Educational Policy Committee SEPC Sony Electronic Publishing Company SEPC South East Panhellenic Conference SEPC Software Engineering Process Control . The company's annual meeting is set for December 12 at the Columbus Marriott North in Columbus, Ohio at 10:00 a.m. EDITOR'S NOTE: There is an "at" symbol after "asarko" and "gweser" in the E-mail address below. This symbol may not appear properly in some systems. CONTACT: Seiler Pollution Control Systems, Inc. U.S./N.A.: Alan B. Sarko, 614/791-3272 Fax: 614/761-8995 E-Mail: asarko@ee.net or European: Dr. Gerold Weser, 49 3 73 178-1120 (Freiberg, Germany) Fax: 49 3 73 178 1121 E-Mail: gweser@aol.com |
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