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E-waste Recycling August 20, 2018 03:30:16 PM

ECS Refining Publishes Latest Update on Hazardous E-Waste Cleanup

Paul Ploumis
ScrapMonster Author
Meantime, the secured creditor for ECS has expressed concerns that the financial reserves are being dried out due to close-down activities.

ECS Refining Publishes Latest Update on Hazardous E-Waste Cleanup

SEATTLE (Scrap Monster): The shuttered e-scrap firm ECS Refining has provided updates on cleanup of hazardous waste from its sites. It must be noted that the company’s customer list and its ITAD business inventory has already been sold to Wisconsin-based Dynamic Lifecycle Innovations in a court-room auction during early-August this year.

The trustee, Donald Gieseke, in a status report during the hearing on August 14, 2018, stated that he expects the sites in Medford, Ore.; Portland, Ore.; Columbus, Ohio; and Rogers, Ark.to be completely cleaned out and vacated by 22, August. Meantime, only few drums of hazardous waste remain at the Santa Fe Springs, California facility, the removal of which will also be arranged at the earliest. It plans to hire U.S. Ecology to remove the barrels of hazardous waste at ECS’s California facilities.

The trustee is negotiating with a potential purchaser for the inventory, machinery and equipment at the Santa Clara facility. Also, necessary arrangements are being done for removal and disposal of the inventory located in the Debtor’s Mesquite, Texas and Stockton, California facilities. All in all, it is assumed that landlords are unlikely to be left with major stockpiles to deal with.

ALSO READ: Oregon Loses Second-Largest Company Processing E-Waste

Meantime, the secured creditor for ECS has expressed concerns that the financial reserves are being dried out due to close-down activities. A seventh spending request by the trustee will be considered during the Aug 22 hearing. According to Gieseke, ECS’s operating cash balance has dropped by nearly 25% since the beginning of August, currently standing at around $625,000. However, the the state Department of Toxic Substances Control (DTSC) is expected to sanction release of $637,000 in facility closure bonds to the company, upon satisfactory completion of the cleanup.

ECS Refining had filed for Chapter 11 bankruptcy before the U.S. Bankruptcy Court for the Eastern District of California in April this year.

This story originally appeared in www.resource-recycling.com

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