Harsco Corporation and Hydro Industries Enter Joint Agreement for Waste Recycling Solutions to the Steel and Metals Industrie...
March 13 2017 - 9:19AM
Global industrial company Harsco Corporation (NYSE:HSC) and Hydro
Industries, a UK-based leader in water treatment technologies,
announced today a joint agreement to expand the use of Hydro’s
unique technology across Harsco’s industry-leading footprint at
more than 140 steel-producing sites across the globe.
The new agreement will enable both companies to bring
much-needed environmental and recycling solutions to the steel and
metals industries, particularly in the treatment and processing of
oily mill scale, an iron oxide by-product formed during the
production of steel. During production, the mill scale
becomes contaminated with oil and lubricants, significantly
limiting its ability to be recycled back into the production of new
steel. This results in higher raw material and disposal costs for
the steel producer. A typical steel mill is estimated to
produce from 100 to as many as 750 tons of oily mill scale per
day.
Announcing the agreement, Chris Whistler, Chief Operating
Officer of Harsco’s Metals & Minerals division, said, “This
relationship underpins Hydro’s willingness to expand
internationally and Harsco’s commitment to bring new and innovative
solutions to our steel and metals industry partners. Both companies
are excited about the prospects lying ahead thanks to this new
collaboration, and we are looking forward to a long and fruitful
relationship.”
In addition to the treatment of oily mill scales, future
solutions could potentially include the processing of clean water
for the mills.
Wayne Preece, CEO of Hydro Industries, commented, "I am
delighted that we have been able to sign a collaboration agreement
with the world’s largest provider of onsite material processing and
environmental services in the steel and metals industries. I know
that our innovative technology will help Harsco to further improve
their service to their customers. Harsco’s global reach and new
processing concept will offer the industry an irresistible
practical solution to their waste processing issues that combines a
commercial return with a positive approach to environmental
impact."
The Secretary of State for Wales, The Right Honourable Alun
Cairns MP, said, "This joint agreement shows once again that the
businesses in Wales are thinking big and expanding their global
reach. Hydro is a company that has always set its sights high and
this relationship with Harsco - a major global leader -
demonstrates the scale of their ambition. It's fantastic news for
Hydro and for Wales and I wish the project every success."
About Harsco Metals & MineralsHarsco’s
Metals & Minerals division is the world’s largest and most
comprehensive provider of onsite material processing and
environmental services to the worldwide steel and metals
industries. The division serves as a technology partner to cleaner,
more efficient metal production, providing customers with effective
solutions for converting production waste streams into beneficial
commercial use. Its operations span approximately 140 customer
sites across more than 30 countries. To learn more, go to
www.harsco-m.com.
About Hydro IndustriesHydro Industries is a
technology-based water treatment company developing, designing and
operating effective world class innovative water solutions across
the globe. Hydro offers custom designed solutions across an
unprecedented range of industrial and drinking water applications.
Current operations span the world with industrial waste water
treatment providing cost effective and environmentally friendly
solutions to units providing drinking water in remote villages in
India saving lives. For more information, visit
www.hydro-industries.co.uk.
Investor Contact
David Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth Julian
717.730.3683
kjulian@harsco.com
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