Boliden’s Q2 earnings disappoint despite near fivefold rise
The miner said higher metal prices boosted its earnings, while lower treatment charges and metal premiums weighed on the result.
Two brothers studying at University of New Brunswick, Canada, are working on a new method aimed to reduce the cost and environmental footprint of wastewater clean-ups.
Nathan and Gregory Armstrong want the methane gas produced by such fluids to provide the energy for the clean-up process. And they have formed their own environmental technologies company called CeteX to develop the new technique.
Halifax-based Chronicle Herald reports the venture will require preliminary seed funding of about $250,000.
Although the company is still in the conceptual stage, the students have already entered their company in the New Brunswick Innovation Foundation’s Breakthru competition.
According to the article, the estimated market for wastewater treatment and maintenance in Canada alone is about $1.1 billion. And the Canadian government has projected that $5.7 billion will be invested in wastewater treatment by 2020.
The new regulations, announced by Environment Minister Peter Kent last year, forces municipalities to perform secondary treatment, where dissolved organic material is removed, and not only solids that float or sink.
