EnviroXtract Completes Asset Purchase
September 3, 2009 (FinancialWire) — EnviroXtract, Inc. (OTC: EVXA) has closed on its previously announced purchase of the assets and business operations of EnviroXtract, Inc., (EXI). The purchase included $1,600,000 in assets and worldwide licenses for environmental clean-up/mitigation technologies currently owned and developed by EXI.
EnviroXtract, Inc. has developed an efficient technology to perform environmental remediation applications for oil spills and other toxic chemical remediation applications which require a complete separation of hazardous or toxic chemicals from contaminated soil. The technology has proven capable of removing virtually 100% of oil from soil … is extremely energy efficient … leaves clean, dry tailings with no residual oil … requires no water, natural gas, fossil fuels, or chemicals during processing … discharges no pollutants … and is capable of capturing carbon emissions in a closed vacuum processing system
EnviroXtract will also implement an aggressive schedule of testing its proprietary thermal process for extraction of additional hazardous and toxic materials from soil samples. The Environmental Protection Agency maintains a Toxic Release Inventory of 581 individually listed chemicals and 30 chemical categories, which require removal and mitigation under federal regulations. Independent third-party analysis and verification will measure the effectiveness of the EXI thermal process in removing many of these toxic chemicals from soil samples.
The results of these tests and subsequent analysis will be updated regularly on the EnviroXtract website, www.EnviroXtract.com. EnviroXtract plans to explore additional environmental remediation applications, which may include mitigation and vitrification of fly ash and coal ash currently produced in huge quantities worldwide from electrical power generation facilities. Mountains of these waste materials are typically laden with toxic metals and chemicals.
The EPA is currently tightening restrictions on disposal of these materials in landfills. EXI is currently developing a methodology for permanently encapsulating fly ash and coal ash through a unique vitrification process utilizing another unique thermal technology. A glass or ceramic slag is produced from this process, which is expected to prevent leaching of toxic metals into the soil and environment. There are many commercial uses for the glass slag produced from this process, including utilization as an aggregate for construction and road building.
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