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BASIN WATER INC Message Board

  • ZLENNYY2 ZLENNYY2 May 8, 2008 11:23 AM Flag

    MTBE SETTLEMENT

    From online.wsj.com/article

    About a dozen of the nation's largest oil companies agreed to pay $423 million in cash to settle litigation with 153 public water providers in 17 states that sued over groundwater contaminated by the gasoline additive MTBE

    The local water providers will be compensated according to a formula based on MTBE levels and the size of wells. If MTBE is found to surpass the specified threshold at a given site during the next 30 years, defendants will pay 70% of the water-treatment cost for 10 years from the point of detection. Payments will end if the affected area is deemed MTBE-free for one year. At the end of the 10-year period, payments can be extended five more years if the water source still shows a certain level of contamination.

    The affected community would be barred from suing over the contamination.

    Write to Heather Won Tesoriero at heather.tesoriero@wsj.com

    There is more to the artical.

    Basin is getting into MTBE removal I believe. Sounds like more business. Anybody know more?

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    • Wow … Southern Cross 04

      After I read your powerful statements,

      I say you should send this Company a note to work for them earning a commission.

      That is a win for the Company and a win for you.

      Do you feel the task is to great for you as you sit on the sideline?


      Fred

      Good Day !

    • Basin does not not have an MTBE removal technology. That is principally a GAC game. The principal companies in that area are Calgon, Severn Trent, and Siemens, and they have been doing it for years. They have the costs dialed in and it is a relatively low margin business in the water treatment world. Considerable infrastructure in the way of carbon trucks, vacuum equipment, etc., are necessary, which creates a significant barrier to entry for any newcomers. It is not likely BWTR could compete effectively in this arena if they decided to enter it.

 
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