Showing posts with label release. Show all posts
Showing posts with label release. Show all posts

Monday, 31 October 2011

Producer responsibility solution to electronic waste in developing countries - EurekAlert (press release)

How can legislation be used to avoid hazardous waste being dumped where it could poison people and the environment in developing countries? Introducing producer responsibility could be one solution, says Panate Manomaivibool of the International Institute for Industrial Environmental Economics (IIIEE) at Lund University, Sweden, in a new thesis.

In recent years, the problems of waste electrical and electronic equipment (WEEE) in China, India and various African countries have been highlighted. Unregulated recycling in these countries has led to toxic substances such as lead and mercury from televisions, PVC from wire coating and brominated flame retardants from plastics leaching into the environment and poisoning people. Both the poor people who work with recycling and local residents have been affected.

Initially, a lot of the hazardous electrical and electronic waste was exported from the West in breach of the Basel Convention. More recent studies also show that WEEE from domestic consumption has increased sharply in emerging and developing economies.


Faced with this growing problem, a number of these countries are now developing systems and legislation for the management of WEEE. Panate Manomaivibool's thesis shows how lessons can be learnt from the OECD countries' solutions when tackling the problem and developing relevant legislation.


Producer responsibility is a key part of the solution. It creates incentives not only to improve the recyclability of the product but also to improve other aspects of the product system. This could mean better waste management technology and methods or changes to the design of products to facilitate waste management. This helps to reduce the amount of toxic substances in the materials and components.


Producers can be given responsibility for WEEE in a number of different ways. In Europe, for example, manufacturers often join forces and form collective producer responsibility organisations, which manage the collection and recycling of products on their behalf, free of charge to householders. In Japan, obsolete products are returned to retailers and then sorted according to manufacturer. The major manufacturers have their own recycling facilities. This system has been effective in engaging the manufacturers in learning about recycling and stimulating product redesign.


There are good opportunities to apply producer responsibility for WEEE in non-OECD countries. The levels of this waste are still relatively low, which means that effective preventive measures can still be taken for the future growth in WEEE. For example, producers could be required to phase out hazardous substances and provide recycling guarantees for new products before they come onto the market. The countries also benefit from the fact that many manufacturers of ICT are working to develop systems to deal with obsolete products. Many of them are multinational companies with long experience of producer responsibility from OECD countries.


However, there are challenges involved in introducing producer responsibility. One problem is that it can be difficult to identify the producers of counterfeit or non-branded goods, and another is that the polluted informal recycling sector competes for recyclable material. These challenges are nonetheless manageable. Large companies which supply components for non-branded products, for example 'white-box' computers, can be made responsible instead of pursuing the small assemblers. It is important that fees collected can be used to support the recycling facilities that operate legally.


"In order to succeed, the politicians in non-OECD countries need to take on the challenges that exist by exploiting the full potential of producer responsibility. They have the privilege of being able to learn from the successes and mistakes of the OECD countries. In combination with an understanding of the context of their own country, there are good opportunities for them to design and run a programme that rewards producers who develop their products in a way that improves their environmental performance", says Panate Manomaivibool.


The thesis, Advancing the Frontier of Extended Producer Responsibility The management of waste electrical and electronic equipment in non-OECD countries was defended on 9 September at the International Institute for Industrial Environmental Economics at Lund University.


View the original article here

Thursday, 25 November 2010

US Ecology Announces Closing of Stablex Hazardous Waste Facility Acquisition - MarketWatch (press release)

 BOISE, ID, Nov 01, 2010 (MARKETWIRE via COMTEX) -- US Ecology, Inc. /quotes/comstock/15*!ecol/quotes/nls/ecol (ECOL 16.89, -0.02, -0.12%) ("the Company") today announced that on October 31, 2010, it completed its previously announced acquisition of Stablex Canada Inc. ("Stablex"), a leading North American provider of hazardous waste services, for $80 million Canadian dollars in cash.



>
>


Stablex operates a permitted hazardous waste processing and disposal facility in Blainville, Quebec, northwest of Montreal, Quebec in Canada. The Stablex facility principally serves the eastern Canadian and northeastern U.S. industrial markets utilizing proprietary state-of-the-art technology to treat a wide range of hazardous waste. The acquisition was funded with cash on hand and borrowings under a new $75 million reducing revolving line of credit facility with Wells Fargo National Association ("Wells Fargo").


The $75 million reducing revolving line is part of an aggregate $95 million credit agreement entered into with Wells Fargo on October 29, 2010. In addition to the new $75 million reducing revolving line of credit, which has a maturity date of November 1, 2015, the credit agreement provides for a $20 million revolving line of credit with a maturity date of June 15, 2013, which replaces the prior $20 million line of credit.


Further details regarding these transactions can be found in our Current Report on Form 8-K filed with the Securities and Exchange Commission on November 1, 2010.


About US Ecology, Inc. US Ecology, Inc., through its subsidiaries, provides radioactive, hazardous, PCB and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers. Headquartered in Boise, Idaho, the Company is one of the oldest radioactive and hazardous waste services companies in the North America.


This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 that are based on our current expectations, beliefs and assumptions about the industry and markets in which US Ecology, Inc. and its subsidiaries operate. Because such statements include risks and uncertainties, actual results may differ materially from what is expressed herein and no assurance can be given that the Company will achieve its 2010 earnings estimates, successfully execute its growth strategy, increase market share, or declare or pay future dividends. For information on other factors that could cause actual results to differ materially from expectations, please refer to US Ecology, Inc.'s December 31, 2009 Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission. Many of the factors that will determine the Company's future results are beyond the ability of management to control or predict. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date such statements are made. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Important assumptions and other important factors that could cause actual results to differ materially from those set forth in the forward-looking information include a loss of a major customer, compliance with and changes to applicable laws and regulations, North American hazardous waste market conditions, access to insurance and other financial assurances, loss of key personnel, lawsuits, cost effective access to credit markets, the timing or level of government funding or competitive conditions, incidents that could limit or suspend specific operations, our ability to perform under required contracts, our willingness or ability to pay dividends and our ability to integrate the above noted or any other business acquisition. No assurance can be given that any expected benefits of the aforementioned acquisition will be achieved.


Investors should also be aware that while we do, from time to time, communicate with securities analysts, it is against our policy to disclose any material non-public information or other confidential commercial information. Accordingly, stockholders should not assume that we agree with any statement or report issued by any analyst irrespective of the content of the statement or report. Furthermore, we have a policy against issuing or confirming financial forecasts or projections issued by others. Thus, to the extent that reports issued by securities analysts contain any projections, forecasts or opinions, such reports are not the responsibility of US Ecology, Inc.

Contact:Alison ZieglerCameron Associates(212) 554-5469alison@cameronassoc.comwww.usecology.com

SOURCE: US Ecology, Inc.

mailto:alison@cameronassoc.comhttp://www.usecology.com

Copyright 2010 Marketwire, Inc., All rights reserved.


View the original article here