Environmental Business International Inc.
Publisher of Environmental Business Journal
http://www.ebiusa.com/
1.Thames Water to sell water treatment tech unit
Thames Water, the up-for-sale water services unit of Germany’s RWE AG, has reached an agreement with the Spanish conglomerate ACCIONA whereby Thames Water will sell Pridesa, a water treatment
technology company specializing in desalination, to ACCIONA for 150-million euros (about $182 million U.S.). The companies plan to complete the deal, which is subject to the approval of Spanish
regulatory authorities, by the end of May. With significant experience in water and waste water treatment, ACCIONA has a market capitalization in excess of 7.3-billion euros.
2. Emerson acquires Bristol Babcock
Emerson Process Management (St. Louis, MO) has acquired Bristol Babcock (Watertown, CT), a provider of measurement and control products, technologies, and services for the oil and gas, power,
water, and wastewater industries, from U.K.-based FKl plc for $121 million. Bristol Babcock, which will be renamed Bristol, generates revenues of about $80 million annually from the sale of remote
terminal units, flow computers, transmitters, and distributed process controllers. It has manufacturing facilities and offices in the United States, the United Kingdom, and Canada, with additional
offices in Mexico, the Middle East, Australia and China.
3. Veolia Water N.A. names Burgess new president and CEO
Veolia Water North America, a unit of Paris-based Veolia Environnement, has promoted Joseph Burgess to the positions of president and chief executive officer. He replaces Mike Stark, who is
retiring after eight years as the head of company. Burgess joined Veolia Water North America in 2002, serving initially as vice president and general manager of the firm’s northeast business center
and subsequently as head of the operating services business. The company has appointed Philippe Laval to the position of chief operating officer, with responsibility for all operating businesses,
technical services, environmental, health and safety, and business development functions.
4. Startech and Future Fuels form ethanol alliance
Startech Environmental Corp. (Wilton, CT) and Future Fuels Inc., a subsidiary of Nuclear Solutions Inc. (Washington, DC), have formed a strategic alliance to jointly pursue opportunities for
converting waste to ethanol. As part of the agreement, Future Fuels has signed a letter of intent to purchase a Startech Plasma Converter System (PCS) with the capacity to process 100 tons of scrap
tires per day, for installation at a proposed waste-to-ethanol facility to be constructed in Toms River, New Jersey. The facility is to be constructed at a cost of $84 million and is scheduled to
become operational in late 2007.
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5. Evergreen Solar to ship PV modules to Donauer Solartechnik
Evergreen Solar Inc. (Marlborough, MA) has signed a distribution agreement valued at approximately $125 million to provide photovoltaic (PV) modules to Donauer Solartechnik, a German-based solar
power distributor, over the next four years. “Donauer has been an outstanding distribution partner for Evergreen Solar for several years, and we look forward to our expanded relationship,” said
Richard Feldt, Evergreen Solar’s president and CEO. “With more than $100 million in 2005 sales and well over 1,000 customers, Donauer is one of the fastest growing distributors in Europe.” The
agreement with Donauer is Evergreen Solar’s fourth major contract in the past four months and is the largest in the company’s history. The value of these four contracts totals more than $380
million over the next four years.
6. Correll new head at American Water
American Water (Voorhees, NJ) announced that Donald Correll has accepted the positions of president and chief executive officer of the company, replacing George MacKenzie, who has served as
American Water’s interim CEO since January 1 of this year. Correll was previously president and CEO of Pennichuck Corp. (Merrimack, NH) and, before that, served as chairman, president and CEO of
United Water Resources (Harrington Park, NJ). Pennichuck announced the appointment of board member Hannah McCarthy as interim CEO. Correll will take over at American Water in mid-April.
7. Federal court strikes down Bush’s NSR reforms
A three-judge panel in the U.S. Circuit Court of Appeals for the District of Columbia has ruled unanimously that the Bush Administration’s proposed reform of the New Source Review (NSR) program was
“contrary to the plain language” of the Clean Air Act (CAA). The Administration’s rule would have allowed broader categories of “routine maintenance” to take place at coal-fired power plants
without triggering required reviews to assess the emissions impacts of these activities and, potentially, the installation of new pollution control systems. The court said that the proposed NSR
reform would be allowed under CAA “only in a Humpty Dumpty world.” It added, “we decline to adopt such a world view.” The ruling represented a victory for several states and numerous environmental
and public health groups.
8. EBJ Business Achiever of the Week: Inogen Environmental Alliance
Through the coming year, EBJ will take some space in its weekly news column to recognize the performance of a winner among the recipients of the 2005 EBJ Business Achievement awards. This week, we
extend kudos to the global environment, health and safety organization Inogen Environmental Alliance, Inc., gold medal winner in the small-firm category (less than $20 million in annual revenues),
for its outstanding success in global markets during 2005. This success included the establishment of two joint ventures, the launch of its GlobalNetEHS membership network, the development and
implementation of the Global Standards Program, and the award of a three-year master services agreement with BP International Ltd. in Europe, the Middle East and Africa. Inogen’s current membership
consists of 13 companies, four of which joined in 2005. These additions expanded Inogen’s presence into Russia, the Netherlands, South Africa and Argentina. Inogen now has 90 offices worldwide,
employing more than 2,800 professionals, and it has completed projects in more than 120 countries. During 2005, Inogen also named a new president and CEO to lead the organization—Peter Penning of
the BECO Group (Rotterdam, Netherlands), who succeeds Paul Goudreault, CEO of Inogen member Delta Environmental Consultants Inc. (St. Paul, MN).
For more information on the EBJ Business Achievement Awards and the 2005 winners go to: http://www.ebiusa.com/award2005/.
Between October and December 2006, EBJ welcomes readers to submit nominations for the 2006 EBJ Business Achievement awards, which will be announced in early 2007.
Nominations must be in the form of 200-word essays and may be submitted on our website, by email or by post.
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http://environmental-industry.com/ebj/ebirep71cone.html.
Environmental Business International Inc.
Publisher of Environmental Business Journal
4452 Park Blvd. Suite 306
San Diego, CA 92116 USA
Phone: 619-295-7685 | Fax: 619-295-5743
http://www.ebiusa.com/
