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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: Duncan who wrote (1247)	12/12/1997 11:09:00 AM
From: david james	Respond to of 2841

AMERICAN ECO EPA AWARD FOR SAVING REFINERY $17.0 MILLION HOUSTON--(BUSINESS WIRE)--Dec. 12, 1997--American Eco Corpora (TSE:ECX) (NASDAQ:ECGOF) Michael E. McGinnis, Chairman, President and CEO of American Eco Corporation announced that Separation and Recovery Systems (SRS), a wholly owned subsidiary of American Eco Corporation, has been recognized by the Marathon Oil Company's Garyville, Louisiana refinery, for producing significant cost savings as well as achieving the highest standards of excellence in environmental compliance. The Marathon facility has been awarded the EPA Environmental Excellence Award and the 1997 Governors Award for Outstanding Achievement in Pollution Prevention. The SRS SAREX System has successfully recovered over 160,000 barrels of oil from waste at the site, saving the refinery more than $3.5 million per year in disposal costs since 1991. The SAREX technology has allowed the Marathon facility to be delisted as a hazardous waste site, being only the second refinery in the US and the first in Louisiana to reach this goal, reclassifying over two million pounds of material as non-hazardous. "We are pleased that Marathon has recognized our participation in their extremely successful program," said Michael McGinnis, Chairman, President and CEO of American Eco, "Our success at this facility continues to demonstrate our commitment to cost effectively solve our customer's environmental and waste problems." American Eco is a leading North American provider of single source construction, engineering, management, maintenance, and environmental remediation services in the refining, petrochemical, utility, and forest products industries.