ThermoEnergy Corporation (www.thermoenergy.com) said today that final rules for airport deicing operations by the Environmental Protection Agency provide an opportunity for the company to help airports protect the environment and save money.
The new rules, aimed at protecting the nation's water, call for tougher permitting for the collection of spent aircraft deicing fluids and for the removal of chemical oxygen demand agents such as propylene glycol. In addition, the new standards also call for the use of best available technology standards at airports that directly discharge wastewater into U.S. waterways, and set a minimum COD effluent removal rate of 97 percent.
ThermoEnergy's ADF Recovery System can meet and exceed BAT performance standards and recovery of glycol of 99 percent purity that meets ASTM standards for recovered glycol. This means that recovered glycol can be sold to recyclers and generate revenue to offset deicing operational costs, which are expected to increase significantly at many airports due to the new EPA rules.
"We can reduce the cost of de-icing operations by up to 50 percent by recycling the spent glycol in the aircraft deicing fluid," said ThermoEnergy Chairman and CEO, Cary Bullock. "We look forward to providing airports and the environment with the benefits our technology."
Inland Waters of Ohio has been successfully operating a ThermoEnergy ADF Recovery System for five years at Cleveland Hopkins International Airport. To view a video of that glycol recovery system on YouTube at http://www.youtube.com/watch?v=KJjnmns2jnk&feature=channel&list=UL.
Source: NASDAQ Stock Exchange
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ThermoEnergy (TMEN.OTC) MCap is US$9 million at the last price of 16.20c. The value of US$1,000 invested one year ago is US$675 [vs US$1,095 for the NASDAQ-100 index], for a capital loss of US$325. The total return to shareholders for 1 year is -32.5%.
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