West Mountain Environmental Corp. is pleased to announce that its wholly owned subsidiary Shanghai Phase Separation Environmental Technology Company (Shanghai Phase) has signed a contract with Chinese construction industry leader, BCEG Environmental Remediation Co. Ltd. ("BCEG") for Phase I of a major impacted soil remediation project in Ningbo, China.
Shanghai Phase is contracted to treat of 7,500 tonnes of soil containing polycyclic aromatic hydrocarbons on a contaminated parcel of land in Ningbo being remediated for return to residential and commercial use. Shanghai Phase will mobilize one of its new, larger capacity TPS-2 3EC models from the Hangzhou Phase II Project to the Ningbo site to meet the timeline of the project. Shanghai Phase plans to commence Phase I operations at Ningbo within 75 days of contract execution and be completed all soil treatment within 85 days of operation. This represents the first commercial project-to-project transition in China for Shanghai Phase highlighting the growing reputation the Company has established for success on challenging and time critical assignments.
"Over the last few years the reputation of our Company has grown exponentially," said Paul Antle, President and CEO. "Our expertise and technology are now actively being sought out by major Chinese contractors. We are in an enviable position and looking at bidding numerous projects in 2015."
This project also represents the first time the Company is working with BCEG, being a member of one of the largest fully integrated environmental services companies in China. BCEG is a wholly owned subsidiary of Beijing Construction and Engineering Group Co., Ltd., a major global infrastructure construction firm with annual sales of USD$5.5 billion. "We are extremely pleased to be working with a recognized leader like BCEG and look forward to greater cooperation in the months and years ahead," said Antle.
The Company is also pleased to report great progress by Jereh Energy Services, its Chinese partner and shareholder, in its continued deployment of the Company's TPS technology into the Chinese oilfield waste management market. In March 2015, Jereh showcased the TPS technology at the prestigious China International Petroleum and Petrochemical Exhibition and Conference in Beijing to a very receptive industry audience, at a time when regulations for oilfield waste disposal in China are rapidly tightening. This public announcement follows Jereh's successful deployment of TPS units to oilfield projects in the Daqing and Sichuan oilfields within the last 6 months.
"We continue to expand market coverage with TPS technology in China and Jereh's success with the deployment of TPS technology in the Chinese oilfield market is another significant step forward," said Antle. "With 30% of all TPS oilfield profits generated by Jereh returning to Shanghai Phase, Jereh's successful deployment of the TPS technology is expected to become significant as we continue to grow in 2015."
