[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
The following came in on the CNN's custom news.
Hope, this does not break any copyright laws.
[Lieskovsky, Miro] Earth:Pollution & Conservation
Solucorp and Brookhaven National Laboratory Join Forces to Tackle Mixed
Radioactive Waste Problems
WEST NYACK, N.Y.--(BUSINESS WIRE)--April 9, 1998--Solucorp Industries
Ltd. (OTCBB: SLUP) today announced that Brookhaven National Laboratory
(Long Island, New York) will commence testing to determine the
effectiveness of Solucorp's MBS(R) heavy metals technology on mixed
metals radioactive wastes. Brookhaven is considered to be a "front
runner" in studies for treatment of low level radioactive waste.
Brookhaven's research, which is part of a jointly funded research
project between the two organizations, will commence immediately with
testing to be completed in two weeks. As test are successfully completed
the process will be scaled up with a goal of developing a recipe and
cost basis to substantiate the company's contention that its MBS process
will render both toxic and radioactive metals "non-leachable."
Brookhaven has committed Industry Technical Assistance funding obtained
from the U.S. Department of Energy (DOE) office of Energy Research, to
help support its participation in this program with Solucorp.
Currently mixed radioactive wastes are regulated by both the U.S.
Department of Energy or the Nuclear Regulatory Commission and the U.S.
Environmental Protection Agency with cost for disposal as high as
$130.00 per cubic foot. MBS' ability to render the hazardous mixed waste
metals non-hazardous would reclassify the mixed waste as "radioactive
waste" with a disposal cost of approximately $30.00 per cubic foot. The
U.S. Department of Energy currently estimates approximately 200 million
cubic feet of low-level radioactive mixed wastes will be generated as a
result of environmental restoration activities at DOE sites.
The foregoing discussion contains forward-looking statements which are
based on current expectations. Actual results, including the timing and
amount of revenues recognized, contracts awarded and performed and net
income may differ due to such factors as: delays in payment on contracts
due to dealings with governmental and foreign entities; fluctuations in
operating costs associated with changes in project specifications;
economic and other conditions affecting the ability of prospective
clients to finance projects; and other risks generally affecting the
financing of projects.