Company loses exclusive rights in sale of Hampden waste-to-energy facility centralmaine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centralmaine.com Daily Mail and Mail on Sunday newspapers.
Greetings, and welcome to the Gibraltar Industries Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
It is now my pleasure to introduce your host, Carolyn Capaccio of LHA Investor Relations. Thank you. You may begin.
Carolyn Capaccio
Investor Relations
Thanks, Christine. Good morning, everyone, and thank you for joining us today. With me on the call is Bill Bosway, Gibraltar Industries President and Chief Executive Officer; and Tim Murphy, Gibraltar s Chief Financial Officer. The earnings press release that was issued this morning as well as the slide presentation that management will use during the call are both available in the Investor info section of the company s website, gibraltarone.com. Please note that Gibraltar has classified the industrial business, which was divested on February 23, 2021, as a discontinued operation with fourth quarter 2020 results. Additionally, Gibraltar s earnings press release and remarks contain non-GAAP financial measures.
Sludge Futures
by Ethan Andrews The shuttered Coastal Resources of Mainae recycling facility in Hampden (Photo: Ethan Andrews) Municipal Review Committee member communities in the midcoast (Source: Municipal Review Committee)
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2 At a January 19 presentation to the Municipal Review Committee, the nonprofit that represents 115 Maine municipalities in matters of trash, Rob Van Naarden, CEO of Delta Thermo Energy, described a scene that sounded as if it were from another era.
“As we speak here today, there are barges that are moving from New York City south, outside the 12-mile limit,” he said. “They put them in international waters. All they do is carry sewage sludge from New York City. It used to go to Louisiana to a landfill down there. But recently, a couple of months ago, they refused to take it. And so they’re looking for other places. We eliminate that need.”
Municipal Review Committee announced potential buyer for Hampden s waste-to-energy facility
Delta Thermo Energy was announced as the potential buyer of the Hampden-based waste-to-energy facility, operated by Fiberight until it suspended operations last May. Author: Sam Rogers (NEWS CENTER Maine) Published: 6:44 PM EST January 19, 2021 Updated: 7:06 PM EST January 19, 2021
HAMPDEN, Maine When the Fiberight facility opened in Hampden last May, there was excitement. The plant promoted a one-bin, all-in motto as residents of more than 100 cities and towns in Maine could leave their trash and recycling in the same container and the facility would do the rest.
It was a promise the Municipal Review Committee (MRC) made to its members but wasn t kept very long. The MRC oversees the waste distribution of 115 municipalities in northern and eastern Maine and was sending all that waste to Hampden when the facility opened in 2019.