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| Security Type | Common Stock | Specialist | 711 | |
| Industry | Environmental Technology | Trading Post | 5 | |
| Primary Exchange | Amex | 0001048295 | ||
| Description |
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Bennett Environmental Inc. is a Canadian company engaged in remediating contaminated soil, contaminated construction debris and mercaptan contaminated gas equipment. Through subsidiaries, the company owns and operates: a soil remediation facility in St. Ambroise, QC; a treatment facility in Cornwall, ON, for the treatment of contaminated construction debris and mercaptan equipment; and a third facility in Belledune, New Brunswick. The company also designs, manufactures and markets thermal oxidizing equipment and other pollution control equipment for the remediation of contaminated soils and the incineration of waste materials. Thermal oxidizers, or incinerators, are specifically designed to remediate waste materials such as contaminated soils, and certain types of chemical wastes and sludge. The company's Mark IV Thermal Oxidizer removes contaminants by vaporizing and then combusting the undesirable elements at high temperatures. The Mark IV Thermal Oxidizer utilizes a rotary kiln, giving it the ability to accept virtually any type of organic waste in a number of physical forms. Rotary kilns operate using either thermal desorption systems or thermal oxidation systems. Thermal desorption systems operate at low temperatures and will not remove and destroy all contaminants. Thermal oxidation systems, on the other hand, operate at higher temperatures to extract the hydrocarbons from the soil via heat desorption, and subsequently oxidize the carbon-hydrogen bonds. The company's rotary kiln is a thermal oxidizer that operates at high temperatures and is capable of processing waste with high hydrocarbon content. The design of the company's thermal oxidizer technology can be adapted to handle municipal household waste. The company's thermal oxidizers have processed wastes for various multinational companies, including Esso, in Saskatchewan, Canada; Exxon, in Aruba; and Chevron and other major oil companies, in Alberta, Canada and in Alaska. During 2004, approximately 83% of revenues were generated from the waste remediation facility at Saint Ambroise, QC. |
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