CORAL SPRINGS, Florida, July 8, 2015 /PRNewswire/ --
The increasing demand for environmental friendly ecological waste management products and favorable regulatory outlook from developed countries are some of the driving factors for revenue growth potential with regards to the globally expanding bioremediation products market. Environmental, waste and industrial services companies in focus today are Ecosciences, Inc. (OTC: ECEZ), Clean Harbors Inc. (NYSE : CLH ), Waste Management Inc. (NYSE : WM ) and Covanta Holding Corporation (NYSE : CVA )
Ecosciences, Inc. (OTCQB: ECEZ) is pleased to update its shareholders on its current and future distribution business. The Company currently has distribution channels for its bioremediation products in the northeastern United States, Mexico, New Zealand and South Africa. The Company, through its wholly-owned subsidiary, Eco-Logical Concepts Inc., sells its bioremediation products to distributors who then resell them to end user customers. The distributors' end user customers who have used or are currently using the Company's products include, but are not limited to, PepsiCo (NYSE : PEP) and Mitsui in Mexico, Mohegan Sun Casino in Connecticut and the Tauranga City Council in New Zealand.
Read the full ECEZ Press Release at http://www.financialnewsmedia.com/profiles/ecez.html
The Company's management commented, "Our current distributors continue to reorder our products on a consistent basis, orders for the Mexico region and New Jersey and South Africa region have shipped recently; and we look forward to serving new customers as preliminary discussions turn into orders and distribution contracts." The Company is also in preliminary discussions to expand its distribution channels to other global territories, such as Europe, India and the Middle East. Expansion within North America is also being pursued by the Company with current and new distributors.
In other industrial waste, energy and other ecological recent news and happenings of note: Clean Harbors Inc. (NYSE : CLH ) announced earlier this year it had acquired Thermo Fluids Inc. (TFI) from Nuverra for $85 million. Based in Scottsdale, Ariz., TFI provides environmental services in 21 U.S. states through a network of 36 permitted facilities. The company operates a well-maintained fleet of trucks and rail cars in servicing more than 20,000 customers. TFI's range of environmental services includes used oil recycling, used oil filter recycling, antifreeze products, parts washers and solvent recycling. Its industrial waste management services include vacuum services, remediation, lab pack and hazardous waste management.
Waste Management (NYSE : WM ) announced in late June the winners of the 2015 "Sustainability Circle of Excellence Award," a recognition given to the top waste reduction customers in the construction industry whose various projects achieved outstanding sustainability milestones. This year's winning companies diverted the highest total tonnage for recycling in 2014, as measured by an online tracking application from Waste Management. Read the full announcement at http://finance.yahoo.com/news/waste-management-recognizes-construction-companies-113000559.html
Covanta Holding Corporation (NYSE : CVA ), a leading global owner and operator of Energy-from-Waste ("EfW") infrastructure, announced yesterday after the market closed that it has entered into an agreement to swap its existing project equity interests in China for an approximately 15 percent share in Chongqing Sanfeng Environmental Industrial Group Co., Ltd ("Sanfeng Environment"). Covanta and Sanfeng Environment established a joint venture in 2007, and together have participated in the China EfW market through project and technology development, construction and O&M services, and equipment supply.
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