Business Briefs: recycling, geothermal energy, asbestos, and a catalytic converter

In this week’s international Business Briefs, increasing profits for recycling, geothermal energy in Australia to be listed on the stock market, the settlement of 30 asbestos lawsuits, and a catalytic converter for diesel vehicles in the Philippines.

A waste management company based in New Jersey, US, KBF Pollution Management, has reported a 37% increase in revenue for the three months ended March 31, compared to the same period last year. The increase is partly attributed to the continued expansion of KBF’s state-of-the-art Recycling and Commodity Manufacturing centre. The company states that this achievement comes despite the generation of historically low volumes of hazardous waste by industry during the first quarter.

Meanwhile in the Antipodes, hot rocks in South Australia are allowing Brisbane-based energy company Geodynamics to list on the stock exchange in July, reports Australian newspaper The Advertiser. Geodynamics believes that superheated granite more than 3.7km underground in Cooper Basin contains the energy potential equivalent to 17 times Australia’s oil reserves.

With regard to legal matters, US Energy and construction company Haliburton Co has announced that it has settled a group of 30 asbestos lawsuits, most involving life-threatening cases of cancer, for an unspecified amount of money.

And finally, Environmental Solutions Worldwide, Inc (ESW), based in Pennsylvania, has announced that it has achieved Original Equipment Manufacturer (OEM) status for its Clean Cat diesel catalytic converter as the standard OEM emissions control device for the Engine Replacement Program of the Natural Resources and Development Corporation in the Philippines. According to ESW, the Clean Cat has consistently demonstrated its ability to reduce harmful diesel engine emissions, including hydrocarbon, carbon monoxide, and particulates.

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