Strategic Environmental & Energy Resources, Inc.A provider of environmental, renewable fuels and industrial waste stream management services, has announced its wholly owned subsidiary, MV Technologies, has secured a purchase order for its proprietary OdorFilter™ System to be deployed at a major asphalt refinery and emulsions facility located in Texas. The order has an initial value of $760,000 and the system is designed to improve environmental conditions while reducing operating costs. Additionally, the installation creates another ongoing source of annuity revenue for the Company through media replacement.
The order brings MV's total installed base of OdorFilter™ Systems to more than 20 across the U.S., treating odorous gas streams, removing H2S, mercaptans and other sulfur-based compounds at asphalt and petroleum refineries and terminals, food and beverage processing and waste water treatment lift stations. The system will serve as a critical component in the user's asphalt transfer and blending facility, helping them cost effectively control odors and comply with environmental, health, and safety regulations.
"This deployment demonstrates our ongoing success in providing cost-effective solutions for industrial odor sources across a wide variety of applications," said Richard Robertson, newly appointed President of MV Technologies. "The OdorFilter™ Systems are proven, extremely reliable solutions that are far superior and more economical when compared to using activated carbon alone for the removal of H2S, mercaptan, sulfur-based odors and visible blue/grey smoke. Based on this and other recent sales of our systems, MV is on track to achieve record annual sales and income for 2017. All of us at MV and the Company will continue to focus on continuing this success as we ramp up our world-wide marketing efforts," concluded Robertson.
"This order now represents over a dozen placements of OdorFilter™ Systems in asphalt and petroleum facilities, validating the flexibility and demand for MV's proprietary solutions," said John Combs, SEER's CEO. "According to the Freedonia Group, with U.S. demand for asphalt forecast to increase 3.3 percent annually to 26.8 million tons in 2019, and asphalt emulsions seeing the fastest growth in demand through 2019, we are continuing to focus sales efforts in this large potential market," concluded Combs.
Source: Strategic Environmental & Energy Resources, Inc.
Date: Mar 7, 2017