Displaying items by tag: Harsco Environmental

US: Harsco Corporation recorded net sales of US$1.85bn in 2020, up by 23% year-on-year from Euro1.50bn in 2019. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 10% to US$238m from US$265m. Harsco Environmental’s fourth quarter net sales rose by 2% to US$246m from US$243m. Its adjusted EBITDA rose by under 1% to US$52.0m from US$51.0m. The company attributed the division’s growth to higher demand for applied products and lower general and administrative spending, partially offset by a less favourable services mix and contract changes.

Chairman and chief executive officer Nick Grasberger said, “Against a challenging market backdrop in 2020, Harsco made significant progress on its strategic, operational and financial objectives. While the disruption caused by the global pandemic could not have been predicted, our teams executed well, with a consistent focus on our key priorities – operating safely, serving customers, preserving financial flexibility and executing our Environmental Solutions business from Stericycle (ESOL) integration and operational recovery plan in Rail.”

Canada: Carbicrete has secured US$1.5m in funding from US-based SQN Venture Partners (SQNVP). The funds will finance research and development activities at its new Lachine laboratory, as well as operations at its Drummondville pilot plant in Quebec. It said that this brings its total funding received from major investors in 2020 to US$8m with investment already agreed from Harsco Environmental, the Quebec Ministry of Energy and Natural Resources and Sustainable Development Technology Canada (SDTC). The technology company is developing concrete products made with steel slag for the construction industry.

Chief executive officer (CEO) Chris Stern said, “This venture debt cash injection following our equity financing further underlines the thesis that the financial markets are believing in value-added, carbon-negative technologies such as CarbiCrete that mitigate CO₂ in our atmosphere. We are proud to have SQNVP as an investor in our company.”

Bahrain: Angles and beams producer SULB Company has renewed its steel mill services contract with US-based Harsco Environmental. The supplier has held the contract since 2012.

Harsco Environmental vice president and chief operating officer (COO) Russ Mitchell said, “We are pleased to continue working with SULB. It is an innovative customer which has leveraged our sustainable solutions to maximise environmental benefit and return valuable raw material into production. The multiple renewals speak to the mutual trust and understanding which has been forged with SULB over a long-term and meaningful working relationship.”

Australia: Harsco Environmental, the environmental division of US-based Harsco Corporation, has announced its partnership with numerous producers and consumers in a pan-industrial steel standards and certification initiative called Responsible Steel. The initiative ‘promotes responsible practice,’ with the aim of improving sustainability in emissions, water usage and community and employee relations. This will include developing circular economic practices, including slag deals with cement plants. Harsco Environmental vice president Cope Willis said, “This collaboration is another step in Harsco’s continuous efforts to lead the steel industry to a more sustainable future.”

Canada/US: Harsco’s Environmental division has invested US$2.3m in Carbicrete, a Canadian technology company developing concrete products made with steel slag for the construction industry. The investment will give Harsco Environmental a Board seat in Carbicrete and has been made in conjunction with a US$1.6m grant from the Government of Canada’s Sustainability Development Technology Canada Foundation and applications to further government grant programs. Harsco’s investment will aid the development of the technology through a demonstration program with support from a commercial concrete block manufacturer as part of a development consortium.

“This investment in innovation is aligned with Harsco’s on-going expansion into environmentally-focused products and services, and we are proud to support the development of this exciting technology,” said Harsco Environmental chief operating officer Russ Mitchell.

Carbicrete is developing a technology that allows the production of concrete without using cement by using steel slag instead. The concrete mix is poured into molds, like conventional concrete, and is then cured using CO₂. During curing, the gas becomes a solid, binding together the slag granules, and giving the concrete its strength. Carbicrete says the process can be implemented in any precast concrete manufacturing plant. It also says that the technology is ‘carbon negative’ because more CO₂ is consumed than emitted during the process.

US: Harsco Corporation has rebranded its Metals and Minerals (M&M) division as ‘Harsco Environmental.’ The company says that the new name and visual identity more closely align with its increased focus on providing environmental services and product offerings to help customers drive business performance and growth. The name change and new branding take effect immediately.

Harsco Environmental will continue to be led by Harsco Chairman & CEO Nick Grasberger in tandem with the division’s Chief Operating Officer Russ Mitchell. Harsco Environmental operates more than 130 sites in 32 countries and has 7700 employees. It is Harsco’s largest division, representing approximately 65% of revenue in 2018.

“We are strategically transforming Harsco as a global market leader and provider of environmental solutions to the industries we serve,” said Nick Grasberger. “This rebranding to Harsco Environmental reinforces our over-arching strategic focus and better reflects what the division is today, and where it is headed in the future. Our suite of environmental solutions, recent acquisitions and future investments will drive revenue growth for Harsco in future years.”