Marsulex reaches settlement agreement with U.S. regulatory authorities



    TORONTO, Jan. 12 /CNW/ - Marsulex Inc. (TSX: MLX) announced today that it
has reached a settlement with U.S. federal regulators concerning alleged
violations of the Clean Air Act with respect to its Toledo facility in Oregon,
Ohio and a facility in Cairo, Ohio which was originally owned by Marsulex and
sold to Chemtrade Logistics Income Fund in 2001. As part of the sale, Marsulex
indemnified Chemtrade against liabilities relating to these alleged
violations.
    As part of the settlement, the Company has agreed to install additional
emission control equipment to reduce sulphur dioxide emissions at the Toledo
facility, and at the Cairo facility now owned and operated by Chemtrade, to
below currently permitted levels.
    The capital cost for the implementation at the Toledo facility, based
upon conceptual design, is currently estimated at US $3 - $6 million, with
more detailed design and cost estimation now to commence.
    The design and cost estimation work for the implementation at Cairo is
now also underway. As reported in previous filings, the Company has adequate
provision for these costs.

    Marsulex, which is based in Toronto, Ontario, is a leading provider of
industrial services, including environmental compliance solutions for air
quality control, processing or handling of industrial by-products or waste
streams, and is a producer and marketer of sulphur-based industrial chemicals.
The Company's services and products are provided to a broad base of industrial
customers in a wide range of industries. Website: www.marsulex.com

    This news release may contain forward-looking statements and information.
These statements are based on current views and expectations that are subject
to risks, uncertainties and assumptions that are difficult to predict.
    Actual results may differ materially from results suggested in any
forward-looking statements whether as a result of new information, future
developments or otherwise. Other than as required under securities laws, we do
not undertake to update any forward-looking information at any particular
time. The reader should not place undue importance on forward-looking
information and should not rely upon this information as of any other date.
Additional information identifying risks, uncertainties and assumptions is
contained in the Company's filings with the securities regulatory authorities,
which are available at www. sedar.com. All forward-looking information
contained in this news release is expressly qualified in its entirety by this
cautionary statement.

    %SEDAR: 00002943E




For further information:

For further information: Laurie Tugman, President and CEO, Tel: (416)
496-4157 or William Martin, Chief Financial Officer, Tel: (416) 496-4164

Organization Profile

MARSULEX INC.

More on this organization

Green News

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890