QUEBEC CITY, June 24 /CNW/ - EnGlobe Corp. ("EnGlobe" or the "Corporation") (TSX: EG) is pleased to announce that its Site Assessment and Remediation (SAR) division Biogénie, has been awarded a $5.5 million dollars environmental remediation contract by Vantage Land Corporation in Alberta.
The project includes remediation of a 45 acre vacant and former Domtar wood treatment facility located in downtown Cochrane. The site was used from 1964 to 1988 as a wood treatment facility, where railway ties, utility poles and other large dimensional wood products were manufactured. The land has been vacant for over 20 years, and redevelopment was precluded by prohibitive costs of traditional remediation techniques. Biogénie worked with its client towards a remedial action plan which has been approved by Alberta Environment. The project is scheduled to begin in July 2010 with completion in fall 2011 for subsequent redevelopment by Vantage Land Corporation.
The work is part of a revitalization plan with the town for commercial and possibly residential redevelopment. A potential contract extension for supplemental residential remediation and land development earthworks is approximated at a value of $9 million dollars.
"This contract highlights Biogénie's expertise in the front-end design through to implementation and execution of innovative environmental remediation strategies", said André Héroux, President and Chief Executive Officer of EnGlobe. "Alberta is an extremely important market for us and we are very happy for this opportunity to bring our expertise to our client and to the residents of Cochrane," added Mr. Héroux.
About EnGlobe Corp.
EnGlobe Corp. is a leading international integrated environmental services company specializing in the management of contaminated soils and organic based waste streams, with an emphasis on beneficial reuse. EnGlobe offers cost-effective solutions to municipal, commercial and industrial clients in Canada, the north-eastern United States, the United Kingdom and France through its divisions and subsidiaries: Biogénie, Biogénie Europe SAS, Biogénie Site Remediation Limited and Celtic Technologies Limited for site assessment and remediation, GSI Environment Inc. for organic waste management, and Tanknology Canada Inc. for tank testing and calibration. Shares of EnGlobe trade on the Toronto Stock Exchange under the ticker symbol EG. Additional information is available at www.englobecorp.com.
SOURCE ENGLOBE CORP.
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