■ Environmental Business
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Prior to our investigation , the buyer wanted $ 10 million in reserve funding available for any post-closing remediation and the transaction had to be completed within six months .
Our unique approach provided a realistic cost estimate for remediation ( within a tight timeframe ), which satisfied everyone involved . As a result , the buyer reduced their reserve funding requirement from $ 10 million to less than $ 3 million , adding $ 7 million-plus to our client ’ s bottom line . The total investigation cost was less than $ 450,000 — a 1,455 % ROI .
SESI Over a decade in the making , SESI has been part of the team that transformed a contaminated property , which was the site of several industrial and commercial activities , to be ready for an affordable housing complex . Adjacent to NJ Transit ’ s Raritan Valley Line , the property is approximately 18.6-acres and included warehouse and office buildings . SESI conducted the remedial remediation from the preliminary assessment until a soil remedial action outcome . The remedy included the excavation and disposal of 2,000 tons of hazardous soil , which resulted in an unrestricted clean-up for the soils .
Whitestone Associates Whitestone Associates , Inc . has specialized in Brownfield assessment , remediation and redevelopment projects over its 25-year history .
One recent example included the Wellmont Redevelopment project in Montclair , a Whitestone LSRP-managed site characterization and remediation of multiple areas of environmental concern including petroleum-impacted soil , underground storage tanks , site-wide historic fill material and remnant auto repair equipment . Several thousand tons of impacted material were managed off-site to accommodate site redevelopment . Whitestone also provided geotechnical investigation , stormwater management area evaluation , retaining wall and support of excavation design , vibration monitoring , and construction phase testing and inspection services . The redeveloped site includes a six-story mixed-use building with 220 residential units , 50,000 square feet of retail space , 20,000 square feet of art space , 20,000 square feet of office space , and a 200-vehicle parking structure . The public street at the center of the redevelopment will be transformed into a 15,000 square-foot arts plaza .
RECYCLING
AnythingIT LLC
Since 1992 , the firm has been dedicated to upholding safe , ethical and globally responsible standards for e-waste recycling , refurbishment and regulatory compliant data destruction . As the first company to ever receive a U . S . Government contract for IT asset disposition services ( ITAD ) in 2002 , we have prevented the export of millions of pounds of illegal hazardous e-waste to developing nations . E-waste contains toxic metals such as mercury , lead , cadmium , as well as toxic organic chemicals such as brominated flame retardants . These poisons can find their way into landfills if not for principled and practical standards for electronics recycling and reuse . This practice is delivered as solutions to both federal , state , local , education and healthcare IT organizations nationwide .
JCP & L
Jersey Central Power and Light ( JCP & L ) is an environmentally conscious utility focused on developing sustainable practices and policies . In 2019 , JCP & L created a best management practice to increase its recycling of materials such as streetlamps , scrap electronics , steel , discarded wire , waste wood , oils , used tires , batteries and antifreeze .
JCP & L collected and recycled over 490 tons of paper , plastic , aluminum , glass , wood and cardboard ; 7,900 pounds of e-waste ; over 15,000 pounds of dry batteries and lamps ; and over 60,000 pounds of used motor oil , antifreeze and crushed oil filters .
As part of parent company FirstEnergy ’ s Corporate Responsibility efforts , a Green Team , comprised of a diverse group of JCP & L employees led by JCP & L President , Jim Fakult , was developed to drive sustainability throughout JCP & L ’ s service territory .
JCP & L was also recognized for its continued focus on environmental awareness by the New Jersey Department of Environmental Protection , which named the company to its statewide Sustainable Business Registry .
R & B Debris R & B Debris strives to offer long term sustainable disposal and recycling solutions , minimizing both our landfill dependency and carbon footprint as well as reducing CO 2 emissions . We achieve this by investing in technologies that convert various waste streams into renewable resources . For example , our partnership with Aries Clean Energy allows 95 % volume reduction , eliminating landfills by using a fluidized bed gasification system designed specifically for processing biosolids . We also work with transfer stations to segregate brick , block , asphalt , wood chips and screenings allowing for end-market options with a beneficial reuse . R & B contracted with an environmental firm on a contaminated site cleanup where the hazardous waste is treated through a Thermal Desorption – Organic Recovery process . This assures
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Thousands of tons of soil impacted by petroleum , underground storage tanks , and fill material are removed through brownfield remediation .
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