Tuesday, July 19, 2016
Glyeco recycles waste glycol into reusable antifreeze, windshield wiper fluid and air conditioning coolants for the automotive and industrial markets. The used coolant and antifreeze liquids are frequently contaminated with water, dirt, metals and oils. The company uses a proprietary technology at the foundation of its recycling system to eliminate contaminants. The company focuses mainly on ethylene glycol in its six processing plants.
Last month chemical recycler Glyeco, Inc. (GLYE: OTC/QB) acquired Brian’s On-Site Recycling, a provider of antifreeze and air conditioning coolant disposal services in the Tampa, Florida area. The deal extends Glyeco’s market share and geographic footprint. The company also gains expertise through the members of Brian’s management team who have agreed to join Glyeco to advance the Glyeco brand in Florida. Terms of the transaction were not disclosed and Glyeco is keeping mum on the revenue and earnings contribution expected from Brian’s
Still the idea of recycling a hazardous chemical is beguiling. Ethylene glycol and propylene glycol are the preferred raw materials used for water-based antifreeze due to a mix of favorable properties: high boiling point, low freezing point and thermal conductivity. Glycol is typically made from natural gas or crude oil - non-renewable and polluting sources. Glycol does breakdown in water, but it can deplete oxygen levels and kill fish and other aquatic life. While propylene glycol is more or less non-toxic, it can be extremely corrosive when exposed to air. On the other hand, ethylene glycol is decidedly poisonous.
Friday, July 15, 2016
It is always fun due diligence for companies with food products. Consideration of EnWave Corporation (NWVCF: OTC or ENW: V) requires a trip to Starbucks for ‘Moon Cheese’ - a crunchy, cheese treat made with EnWave’s proprietary knowhow. So head to the first Starbucks you can find and grab a bag to eat while reading the rest of this post.
Tuesday, July 12, 2016
Casella Waste Systems (CWST: Nasdaq) is scheduled to report financial results for the June quarter in two weeks. Casella is worth watching because of its position as a well-established but smaller competitor in the waste collection and handling industry. The company operates 44 transfer stations and 9 landfills with waste-to-energy installations on a regional basis. As a public company it is overshadowed by the larger operators such as Waste Management (WM: NYSE), which operates 297 transfer stations and 249 landfill sites across the continental U.S. However, within its local markets Casella is able to hold its own.
Friday, July 08, 2016
This blog has been primarily devoted to companies producing renewable energy or offering environmental services. Every once in a while a company comes into view, that is so intriguingly innovative it demands attention even though it is outside the usual menu. HeatBiologics (HTBX: Nasdaq) is such a company. It is a developer of activation immunotherapies against deadly diseases such as cancer.
Last week the journal Cancer Immunology Research published a study of one of Heat Biologics two technology platforms. Data from the study suggests the company’s compound led to approximately 50% complete tumor rejection compared to about 16% with naturally occurring molecules that are expressed by natural immune cells. The study appears to clear the way to human clinical trials. There was more from this impressive study, but first it is worthwhile to get an overview on Heat Biologics’ markets and therapies as well as other successes in human clinical trials.