This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Articles from 2005 In June
Bill to Regulate Canadian Trash Advances in Congress
Washington – A proposed bill that would give Michigan and other states more control over Canadian trash entering the United States was advanced by the House of Representatives energy committee yesterday. The proposed legislation, which had unanimous approval in committee, would allow states to regulate the shipment of international municipal solid waste. The bill also would require the federal government and the U.S. Environmental Protection Agency to enforce a 1992 treaty requiring Canada to inform the United States of trash shipments entering the nation. The treaty, which has never been fully enforced, allows the United States to reject Canadian trash shipments.
The bill now will now go before the entire House for debate. A similar bill in the Senate, sponsored by Michigan senators Carl Levin and Debbie Stabenow, is pending.
Senate Passes Energy Bill
Washington – The Senate Energy Bill (S.10) passed yesterday with a vote of 85 to 12, and the bill included a recycling tax credit that was amended to include electronics recycling. The legislation would allow companies to claim up to 15 percent of cost for equipment used in processing recyclable materials under the General Business Credit. The amendment to the legislation includes equipment for recycling cathode ray tubes (CRTs), flat panel screens and video displays larger than four inches diagonally.
The legislation also included an extension of the renewable production tax credit for landfill gas and waste to energy. Under the new law, there is a three-year “placed in service” window for facilities to be eligible for the tax credit.
The House version of the bill includes neither provision, but members from the Senate and House will now meet in conference committee to reconcile the two bills before the August recess begins.
"The Senate Energy Bill represents a significant advancement in US energy policy in recognizing the energy savings that can be achieved through recycling,” stated John Skinner, Ph.D., Executive Director and CEO of SWANA. “We are very pleased to see that the bill has been expanded to provide incentives for recycling of electronic scrap."
AF&PA Announces 2005 Recycling Award Winners
Washington — The American Forest and Paper Association (AF&PA), Washington, has announced the winners of its 2005 AF&PA Recycling Awards. The recipient of the Ed Hurley Memorial Paper Recycling Award, which recognizes an individual who has had a significant influence by advocating paper recycling, is Judge Jack Jones of Jefferson County, Ark.
The winners of the Business Leadership Paper Recycling Awards, which recognize outstanding business recycling programs, are Sussex, Wis.-based Quad/Graphics and St. Paul, Minn.-based Eureka Recycling. The recipients of the Community Paper Recycling Awards, which recognize communities that have successfully implemented paper recovery and recycling programs, are the Clearwater, Fla., Solid Waste and Recycling Department and the Oconee County, S.C., Solid Waste Department.
Scrap Recycler Hugo Neu Corp. Merges with Sims Group
New York – New York-based scrap recycler Hugo Neu Corp. has merged operations with Australia-based Sims Group, one of the world’s largest recycling companies. Under the merger agreement, current Sims Group shareholders will receive a 74 percent interest in the new company, and Hugo Neu will hold a 26 percent interest, making it the largest shareholder. The U.S. operations of the merged company will be known as Sims Hugo Neu Company. The merger also will create a new division, Hugo Neu Recycling, to handle post-consumer recycling operations.
Sims Group Chief Executive Jeremy Sutcliffe will become chairman of the U.S. division, while former Hugo Neu Corporation Chairman John L. Neu will serve as vice chairman of the U.S. operations. John Neu also will be appointed vice chairman of Sims Group worldwide. Donald W. Hamaker, current president of Hugo Neu Corporation, will become chief executive officer of the combined U.S. operations.
Republic Of Korea Joins Methane To Markets Partnership
Washington — The Republic of Korea has joined the international Methane to Markets Partnership, the Washington-based U.S. Environmental Protection Agency has announced. Korea joins the United States and 13 other countries in an effort to advance the recovery and use of methane as a clean energy source.
Countries in the partnership work with the private sector, multilateral development banks, and other governmental and non-governmental organizations. The partnership was launched in November 2004.
Casella Waste Posts Fourth-Quarter Loss
Rutland, Vt. -- Casella Waste, Rutland, Vt., has posted a smaller fourth-quarter loss than it did for the same period last year. The company also has forecast 2006 revenue to be in the range of $500 million to $520 million, which exceeds Wall Street’s forecast of $490.3 million.
The company’s loss was 5 cents per share for a total of $1.2 million, compared to last year’s fourth-quarter loss of 25 cents per share for a total of $6.1 million. Casella’s sales increased 6 percent over the same quarter last year.
Senate Committee Approves Recycling Tax Credits
Washington — The U.S. Senate Finance Committee has approved a recycling tax credit measure proposed by Sen. Jim Jeffords, I-Vt. The measure would provide businesses with 15 percent tax credits for the purchase of equipment used in the processing and sorting of recyclable materials. The proposal now moves to the full Senate, where it will be considered as part of the energy bill.
The provision has won the support of the Silver Spring, Md.-based Solid Waste Association of North America (SWANA). “While we believe there is more to be done to encourage recycling and product stewardship, your legislation makes a great step in the right direction,” said John Skinner, executive director and CEO of SWANA, in a letter he wrote to Jeffords.
DLJ Merchant Banking Partners To Acquire Wastequip
New York-based DLJ Merchant Banking Partners has reached a definitive agreement to acquire Beachwood, Ohio-based Wastequip Inc. from Chicago-based CIVC Partners. Terms of the transaction were not disclosed.
“We are excited to be partnering with DLJ Merchant Banking Partners in this transaction,” said Robert Rasmussen, president and CEO of Wastequip, in a statement. “DLJ Merchant Banking is committed to significantly expanding Wastequip’s business, providing the company with strategic advice, equity capital and access to a world-renowned investment bank.”
Waste Management To Close Pennsylvania Landfill
Houston-based Waste Management (WM) has decided to close a landfill near Philadelphia instead of appealing a state ruling against its proposed expansion, according to press reports. According to The Mercury newspaper, Pennsylvania’s Environmental Hearing Board last month upheld an October 2004 decision by the state to deny WM’s request to vertically expand its Pottstown Landfill.