Perma-Fix Receives First Shipments of Radioactive PCBs from the U.S. Department of Energy
The company also announced its second shipment from
Perma-Fix's DSSI facility uses an EPA-authorized waste fuel boiler unit for the thermal destruction of radioactive and mixed (radioactive and hazardous) liquids and semi-solid wastes. In 2004, Perma-Fix DSSI began the permitting process to add TSCA-regulated wastes, namely radioactive PCBs, to its authorization in order to meet the demand for the treatment of government and commercially generated radioactive PCB wastes.
Currently, there are no other authorized, commercial facilities treating radioactive PCB wastes. The DOE operates a TSCA incinerator authorized to treat only DOE generated wastes, which is scheduled to begin closure activities in 2009. The DSSI authorization provides the DOE with an alternative option for disposing of radioactive PCB wastes, and it provides commercial operators an outlet to dispose of commercially generated radioactive PCBs. Additional PCB wastes from DOE and commercial generators are also scheduled for receipt this month.
Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated,
"Perma-Fix is excited about providing the DOE and commercial radioactive PCB
waste generators with the first capacity for the safe destruction of
radioactive PCB wastes. We appreciate the support that PRS Paducah and CHPRC
have shown us by being the first into our facility for treatment. This
capability will be important as the DOE works on footprint reduction, as a
requirement of the American Recovery and Reinvestment Act (ARRA) monies that
it has been allocated, and which Congress passed in
About
This press release contains "forwardlooking statements" which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control. Forwardlooking statements include, but are not limited to: that this process will provide the DOE and commercial radioactive PCB waste generators with a new outlet for the safe destruction of radioactive PCB wastes. These forwardlooking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; market conditions; Perma-Fix's capital needs; and the additional factors referred to under "Special Note Regarding Forward-Looking Statements" of our 2008 Form 10-K. The Company makes no commitment to disclose any revisions to forwardlooking statements, or any facts, events or circumstances after the date hereof that bear upon forwardlooking statements.
Please visit us on the World Wide Web at http://www.perma-fix.com.
SOURCE
Environmental Services, Inc.
Released April 22, 2009