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
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
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