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EBI News for August 24, 2022 – Prices decline steeply for post-consumer plastics

EBI News for August 24, 2022 – The following news section contains the latest stories for the environmental industry. Including, Prices decline steeply for post-consumer plastics, acquisitions, and more!

Solace Capital sells Patriot Environmental for $156M

Solace Capital Partners has sold Patriot Environmental Services (Long Beach, Calif.), a provider of environmental services and emergency oil spill response, to Heritage-Crystal Clean (Elgin, Ill.) for $156 million. Patriot specializes in waste transportation and disposal, environmental emergency response and cleanup, industrial cleaning, and oil spill response; it operates 18 locations, including two wastewater treatment facilities. Since Solace’s initial investment in 2015, Patriot has nearly tripled its  revenue; opened eight environmental services offices across California, Nevada, Oregon, Washington, and Arizona; and expanded vertically into waste disposal. Heritage-Crystal Clean provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services to small and mid-sized industrial businesses and the vehicle maintenance sector. 

 

Clean Harbors reports accelerating demand in Q2

Clean Harbors Inc. (Norwell, Mass.), a provider of environmental and industrial services, announced revenues grew 46% to $1.36 billion in the second quarter ended June 30, 2022, up from $926.5 million in the same period of 2021. Growth was attributed to strength across all core businesses and the addition of industrial services company HydroChemPSC. “We have experienced an acceleration of demand for our hazardous waste disposal and recycling network to all-time highs,” said Alan S. McKim, chairman, president and chief executive officer of Clean Harbors. The company’s Environmental Services segment increased revenues 51% year-over-year. The Safety-Kleen Sustainability Solutions (SKSS) segment, which provides used oil collection, recycling and re-refining, grew revenues by 31% in the quarter. “Our unique and valuable network of disposal and recycling assets remains in high demand as we are benefiting from the resurgence in U.S. manufacturing, our 3M partnership, global reshoring to the U.S. and a healthy projects pipeline,” said McKim.

 

Sevenson-Amentum partnership kicks off with $60M remediation contract

The U.S. Army Corps of Engineers has awarded SA Environmental Services – a joint venture between Amentum (Germantown, Md.) and its mentor-protégé partner Sevenson Environmental Services (Niagara Falls, N.Y.) – a position on the Small Business Environmental Remediation Services Multiple Award Task Order Contract. The contract is in support of the U.S. Army Corps of Engineers, Northwestern Division and Environmental Protection Agency Region 2. Sevenson is a leading U.S. environmental remediation contractor; Amentum is a government and commercial services contractor formed in 2020 from the spinout of AECOM’s Management Services. The joint venture was formed under SBA’s All Small Mentor-Protégé Program. “With Sevenson’s niche as a premier yellow-iron remediation contractor and Amentum’s vast environmental technical services, we look forward to the opportunities this partnership will bring us in the USACE, Department of Energy, and beyond,” said Andy Wright, vice president of federal programs for Sevenson. 

 

Stantec reports organic growth across all operating units

Stantec (Edmonton, Canada) reported net revenue increased 22.9% to C$1.1 billion in the three months ended June 30, 2022 compared to Q2 2021, driven by 9.4% organic growth and 12.4% acquisition growth. Consistent with the first quarter, all of Stantec’s regional and business operating units delivered organic growth, notably in Global and in Water and Environmental Services where organic growth was in the double-digits. Contract backlog stood at C$5.8 billion, a new record. “The inflationary environment does not seem to be slowing the pace of project opportunities in any meaningful way,” noted Gord Johnston, president and CEO. “As we engage with our clients, the imperative for tackling the challenges of aging and overloaded infrastructure, climate change, and production capacity constraints is outweighing the effects of inflation. This gives us confidence in our continued ability to meet our financial targets.”

 

Atlas Technical Consultants reports record revenue in Q2

Infrastructure and environmental services firm Atlas Technical Consultants Inc. (Austin, Texas) announced gross revenue grew 19% to $156.5 million in the second quarter ended July 1, 2022 versus the prior year period. Revenue, excluding subcontractor costs, grew 15.2%, including 8% organic growth and the contribution from acquisitions. Net loss was $1.4 million compared to a net loss of $4.8 million in the prior year quarter. “Our core services are largely driven by regulatory compliance, customers striving to meet longer-term environmental sustainability goals, and long overdue investments in our nation’s aging infrastructure,” noted L. Joe Boyer, Atlas’ chief executive officer. “Based on these factors, we believe demand for our services will remain strong throughout the end of the year and into 2023.

 

RSK Australia expands APAC capabilities with acquisition of Projence

Engineering and environmental consultancy RSK Group Limited (Helsby, UK) announced the addition of integrated project management firm Projence (Broadmeadow, NSW, Australia) to its Australian business. The third acquisition in the last eight months and fourth overall in Australia, Projence joins three Australian companies – civil engineering company Western Project Services, environmental and occupational hygiene business EDP Consultants, and advisory and project delivery services firm SJA. Established in 2011, Projence has provided clients in Australia with engineering and commercial greenfield and brownfield solutions across a range of industries. Projence joins RSK Australia and will retain its existing name and brand identity.

 

Geosyntec supports climate resilience in Colorado

Geosyntec (Boca Raton, Fla.) is supporting a climate resiliency project in the Lower Blue River Valley of Colorado. Run by the nonprofit Friends of the Lower Blue River (FOLBR), the project aims to assess and promote climate resilience in the Valley and neighboring communities. Findings will be used to make management recommendations to landowners on ways to improve soil health, capture carbon, and create more resilient landscapes. Geosyntec’s partnership with FOLBR began in early 2022 and has included work to establish a habitat baseline, in addition to soil health analysis and development of a carbon stock inventory. The next step will be to develop land management prescriptions to promote climate resiliency.

 

Bechtel wins work on Australian pumped hydro facility

BE Power (Milan, Italy) and GE Renewable Energy (Paris, France) selected Bechtel (Reston, Va.) to support planning for a new pumped storage hydro energy facility in Queensland, Australia. The project, named Big-T, will act as an extension to the national electrical grid by both producing and storing electricity. It will consist of a pumped hydro energy storage facility (400MW, 10 hours) and a battery energy storage facility (200MW, 1 hour), enough to power 288,000 homes with renewable energy. The project will contribute to the Queensland Government’s target of 50% renewable energy generation by 2030. 

 

U.S. and Mexico to invest $474M in Tijuana River sewage solution

The International Boundary & Water Commission, United States and Mexico, (IBWC) announced that a sanitation infrastructure agreement (IBWC Minute No. 328) has come into effect. The agreement outlines sanitation projects to be constructed in San Diego and Tijuana using $330 million from the U.S. government and $144 million from the Mexican government. Projects are expected to be operational by the end of 2027, resulting in a 50% reduction in the number of days of transboundary wastewater flow in the Tijuana River and an 80% reduction in untreated wastewater discharged to the Pacific Ocean six miles south of the border. Projects include doubling the capacity of the South Bay International Wastewater Treatment Plant in the United States and constructing a new treatment plant in Mexico. 

 

WK Dickson strengthens water/wastewater infrastructure consulting in Georgia

W.K. Dickson & Co. Inc. (Charlotte, N.C.), a community infrastructure consulting firm, has acquired Edison Engineering Group (Dallas, Ga.), a civil and environmental engineering firm. “Our partnership with Edison represents a natural outgrowth of the strong client and partner base we already have in Georgia,” said David Pond, president and CEO. The new Dallas operation will primarily provide planning, design, and engineering consulting services for water, wastewater, and land development projects. Future office expansion includes adding aviation, energy, and watershed services within the next six months. Since 1929, WK Dickson has grown to 12 regional offices throughout the Southeastern United States.

 

Prices decline steeply for post-consumer plastics

Steep declines in post consumer plastics pricing were reported in an August 8 article by Recycling Markets Ltd. and published in Resource Recycling. The national average price of post-consumer PET beverage bottles and jars dropped by 61% and was averaging 10.31 cents per pound compared with 26.16 cents per pound at the comparable time in July. This followed a 30% price drop in July compared to June. Reasons cited for the decline included higher fuel costs, recession fears, oversupply, and end-user summer factory shutdowns. According to Recycling Markets’ Secondary Materials Pricing (SMP) Index, the national average price of post-consumer color HDPE also declined by 46%, while polypropylene decreased 27%. Prices were relatively stable or slightly up for other post-consumer plastics. The SMP Index tracks recovered metals, glass, plastics and rubber materials in North America.

 

RES scoops further O&M contracts from Octopus Energy Generation

Independent renewable energy company RES (Kings Langley, UK) announced migrating over 50 operation and maintenance (O&M) contracts to long-term agreements. This follows a period of delivery and collaboration with the fund management team of Octopus Energy Generation, one of Europe’s largest investors in renewable energy. In total RES will now deliver services for 60 solar farms in this portfolio sized at 385MW, located in the UK. RES now provides O&M services on nearly half of Octopus’ UK solar portfolio.

 

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