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Environmental Business Chronicle
April 2010
Business News BIOREM
Inc. (TSX-V: BRM), headquartered in Guelph, recently
reported more than 30% growth in revenue and gross profit
and a sustained 40% gross margin level for fiscal year 2009.
Peter Bruijns, President and CEO of BIOREM, attributes the
increased growth in part to a commitment by the company to
the research and development of its proprietary air filter
media products.
INAC Services, based in Guelph, recently announced it is now
delivering its research, negotiation, and procurement of
government assistance services to businesses in the U.S. as
well as in Canada. The INAC team includes experts in a wide
variety of federal, state, and local incentives that are
available in the U.S.
Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX-V:
CVR), also known as CORRE, recently announced the
commissioning of its advanced oil recovery equipment system
to clean up 20 tonnes per hour of oil waste in southern
Kuwait. Optimization of the system is expected to be
completed in May when the system is expected to be ready for
commercial deployment. CORRE specializes in the remediation
of oil-contaminated sites and in oil recovery.
Alter NRG (TSX: NRG), headquartered in Calgary, recently
announced the acquisition of 35% of Groundheat International
Inc. (“Groundheat”), for $2.3 million by its wholly owned
subsidiary Clean Energy Developments Corp. Groundheat
focuses on geoexchange drilling and installation services in
the Ontario market. Alter NRG sees the acquisition as part
of its pursuit of alternative energy solutions.
Plasco Energy Group, headquartered in Ottawa, recently
announced a memorandum of understanding (MOU) with Beijing
Environmental Sanitation Engineering Group Co (BESG) to
build a plasma conversion plant in Beijing. By this, the MOU
commits BESG and Plasco to work cooperatively toward a
definitive agreement for delivery of a Plasco Conversion
Facility to BESG. The facility will be constructed and
operated by Plasco at a Beijing site to be provided by BESG.
Intelex Technologies, headquartered in Toronto, recently
announced that NRG Energy Inc., one of the largest and most
diverse power generation portfolios in the U.S., had adopted
Intelex’s web-based management solution software to manage
environmental activities at NRG’s 42 generating facilities.
Intelex’s management software tool assists NRG in tracking
and measuring its environmental key performance indicators,
allows facilities to log their own environmental data, and
provides uniform company- wide reporting.
Money and Markets
Global wind energy markets are expected to continue their
rapid growth, with the world's wind power capacity
increasing by 160% over the next five years, according to
the annual industry forecast presented by the Global Wind
Energy Council (GWEC). The two markets leading global wind
power expansion will continue to be the U.S. and China. GWEC
said that it expects that globally installed wind capacity
will reach 409 GW by 2014, up from 158.5 GW at the end of
2009. This assumes an average growth rate of 21% per year.
Water sustainability is likely to break through in 2010 as a
mainstream issue for investors according to Jens Peers,
portfolio manager of the Calvert Global Water Fund (CFWAX)
and head of Eco Funds for Dublin-based KBC Asset Management
International Ltd. To provide enough water for all uses
through 2030, industry analysts estimate that the world will
need to invest as much as $1 trillion per year in water
technology and infrastructure. Mr. Peers believes that
growth in the water sector is a result of four major trends:
growing demand, aging infrastructure, the rise in government
oversight, and the water shortage in China.
Government Policy and Business
Environment Canada has begun public consultations with the
view to updating Canada's regulatory framework for the
transboundary movement of waste and hazardous recyclable
materials. The objective is to modify three existing
regulations related to the transboundary movement of waste
to ensure greater environmental protection, improved policy
alignment with international agreements, and greater
clarity. The Discussion Paper is posted for public comment
on the Environment Canada's web site, at
http://www.ec.gc.ca/gdd-mw/default.asp?lang=En&n=C6D17E79-1.
Science and Technology
Researchers at the University
of South Florida recently discovered that an extract from
the prickly pear cactus is effective in removing sediment
and bacteria from water. The findings, reported in New
Scientist, show that the mucilage found in the cactus acts
as a flocculent, causing both sediment particles and
bacteria to join together and settle to the bottom of the
water samples. Prevalence, affordability, and cultural
acceptance make cactus an attractive natural material for
water purification technologies.
Rice University researchers and their colleagues in Finland
and Hungary have found a way to make carbon nanotube
membranes that could find wide application as extra-fine air
filters and as scaffolds for catalysts that speed chemical
reactions. The results reported in the journal ACS Nano
indicate that these filters can remove up to 99 % of
particulates with diameters of less than a micrometer.
Publications Greening
your Business: A Guide to getting Started (RBC, 2010). This
48-page guide provides advice on how a company can transform
into a sustainable enterprise using an organizational change
approach.
Green Remediation Best Management Practices: Bioremediation
(U.S. EPA, 2010). This 4-page reference sheet outlines the
U.S. EPA’s policy for evaluating and minimizing the
environmental 'footprint' of activities undertaken when
cleaning up a contaminated site.
People Bas van Berkel
and Ryan Little, formerly of Stormfisher Biogas, have
launched a new firm: Rocksteady Investments. This firm will
invest in very early stage cleantech companies around the
world, especially in the areas of water purification and
waste conversion.
Jim Harnum has been hired as a Director at Toronto Water. He
leaves the position of senior director of environment and
sustainable infrastructure in Hamilton where he ran a
department that had a budget of over $134 million and 180
employees. Jim was responsible for the distribution of
drinking water and the collection of waste water.
Timothy J. Cesarek was recently named to the Board of
Directors at Enerkem. Tim is the managing director of the
Organic Growth Group of Waste Management, Inc. Waste
Management became a strategic investor in Enerkem during the
company’s last financing round.
Marketing According to
a report authored by AMR Research and SAP, manufacturers are
increasingly viewing sustainability through the lens of
compliance, rather than marketing, which suggests a shift in
perception from opportunity to cost. The report,
Sustainability Reporting and Greenhouse Gas
Management—Sensing Market Trends and Evolution in U.S.
Manufacturing, marks a dramatic departure from 2008 when
manufacturers overwhelmingly cited a gain of a competitive
advantage with a corporate brand as the top driver for
participating in enterprise sustainability.
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