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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
Hydromet Illinois Plant to Begin Operations
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
Hydromet Illinois Plant to Begin Operations
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FOR IMMEDIATE RELEASE
Hydromet Illinois Plant to Begin Operations
CANADA, Jan. 28 -/E-Wire/-- HYDROMET ENVIRONMENTAL RECOVERY LTD. ("Company') (CDNX:YHM.A) is pleased to announce that its 66,000 sq. ft., state of the art metallurgical and waste recovery plant, located in Newman, Illinois, is ready to re-open for business. The plant is the largest non-petroleum waste recovery facility in the USA. It will begin to receive tin and selenium waste products, and process them into saleable products for the market.
The company expects that it will take about 30 days to ramp up the operations to allow for shipment of saleable products through the international metals exchanges or via joint marketing agreements with industrial chemical suppliers.
Dr. Bill Morgan, President and CEO of the company, states that "this is a major turning point for the company, as we have spent the past three years and over USD $ 2,300,000 in complying with the Illinois Environmental Protection Agency (IEPA) order to (1) dispose of hazardous wastes left in the plant by the company's previous management (2) cleanse all tanks to a pristine level. Now that we have successfully completed this work, we are in a very strong competitive position in the market. Our new EPA RCRA B permit is not subject to renewal until 2010.'
The Newman plant, which contains 102 processing and storage tanks, was built at a cost of about USD $ 35,000,000. Using modern instrumentation and remote control, the plant can operate with as few as six workers per shift.
The company initially will be processing tin and selenium wastes. The tin wastes are generated primarily by the steel manufacturing and circuit board manufacturing industries, and are processed into tin metals and tin chlorides. The selenium wastes are generated in the copper refining industry, and will be processed into either high grade selenium metal for the glass and photo copier industries, or into selenium salt crystals for the animal feedlot industry.
The company has contracted to receive tin waste materials on a regular basis generated at Bethlehem Steel, Pennsylvania, USA and Dofasco Limited, Ontario, Canada. Selenium waste materials will also be received regularly from Amlon Metals, Inc., New York and Norddeutsche Affinerie, Hamburg, Germany.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Hydromet Environmental Recovery
http://www.hydrometusa.com
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