This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Calgon Carbon Awarded 10-Year Contract For Reactivation Services By The City Of Glendale, AZ

Calgon Carbon Corporation (NYSE: CCC) announced that the company and the City of Glendale, Arizona (Glendale), have signed a ten-year contract to provide reactivation services for activated carbon used to treat the city’s drinking water. The value of the contract will depend upon the amount of spent activated carbon that is reactivated annually, which is expected to be approximately 1.25 million pounds.

Glendale is using granular activated carbon (GAC) in response to the U.S. Environmental Protection Agency’s Stage 2 Disinfectants and Disinfection Byproducts Rule which establishes maximum levels at which disinfection byproducts (DBPs) are permitted to be present in drinking water. The GAC removes organic compounds from the water, reducing the formation of byproducts after the addition of chlorine. The city of Glendale chose this method rather than replacing chlorine with alternative disinfectants which would not be as effective and would produce other potentially harmful byproducts. Glendale has been using reactivated GAC for several years, and expects to realize significant savings under this new contract.

This is the third ten-year reactivation services contract that the company has secured in Arizona since the beginning of 2012. In March 2012, the company signed a ten-year contract with the City of Phoenix, Arizona, and in June 2012, the company signed another ten-year contract with the City of Scottsdale, Arizona. To support the needs of these three cities, as well as other cities throughout the southwestern United States, the company constructed a new state-of-the art reactivation facility in Gila Bend, Arizona. The reactivation facility, which began operations in April 2013, is owned and operated by Calgon Carbon and has an annual reactivation capacity of approximately 25 million pounds.

Commenting on the award, Bob O’Brien, executive vice president and chief operating officer of Calgon Carbon, said, “This contract affirms the city of Glendale’s commitment to the use of GAC as their primary means of complying with the US-EPA’s disinfection byproducts regulations. The city has been using reactivated carbon for a number of years, and their willingness to enter into a long-term contract demonstrates their belief in the economic and environmental benefits of reactivated GAC for drinking water treatment.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,638.00 -92.11 -0.52%
S&P 500 2,063.52 -13.26 -0.64%
NASDAQ 4,975.6340 -33.58 -0.67%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs