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Duratek Announces Teaming
Agreement with Environmental Energy Resources, Ltd. |
 In April 2005, Duratek signed a teaming agreement with Environmental Energy Resources, Ltd. (EER), based in Ramat-Gan, Israel, to pursue select international projects for the construction and operation of EER’s patented Plasma Gasification and Melting (PGM) technology to treat low-level, solid, radioactive wastes. The first opportunity to be pursued under this agreement will be the deployment of up to four PGM process lines in Ukraine, near the failed Chernobyl nuclear reactor site, to treat wastes generated from cleanup efforts following the Chernobyl catastrophe. EER is a venture-backed technology company that has the exclusive, worldwide rights to the one-step PGM technology developed by its Russian Federation partner organizations, the Kurchatov Institute, and the Radon Institute, located near Moscow. EER’s gasification technology is powered by plasma torches positioned at the bottom of a tall, refractory-lined, vertical feed shaft. The system is also equipped with a sophisticated off-gas treatment train, which enables the process to function in compliance with strict local environmental regulations. In 2004, EER was named by the Ukraine Government as the exclusive provider of services and technology for cleanup and treatment of certain low-level radioactive wastes from Chernobyl. Duratek, Inc. and EER will jointly negotiate with the Ukraine Government to define project plans and requirements for the Chernobyl project. Moshe Stern, EER Founder and President, as well as Valery Gnedenko, Director of High Technology, Kurchatov Institute, jointly stated, “We welcome Duratek as our new partner to the Chernobyl cleanup consortium and are excited about the prospect of a strategic partnership with Duratek to develop and service jointly other key projects in international markets. With Duratek, Inc., EER has found a partner with the right blend of project management, operational, and technical expertise to enable us to successfully field our technology and treat various radioactive wastes around the world.” |
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