Sunday, June 10, 2012

Nuke waste company files for bankruptcy

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Comments:  Wonder how much "nuke waste" is laying around exposed, wonder how much bond monies was put up to clean up their stuff?  Will this happen in VA if the Gov of VA lift the uranium mining ban, tell the dude to keep the uranium mining ban!

Posted May 25, 2012 at 4 a.m.

Info about the place:  Waste Material Sorting / Segregation

  • IMPACT's process of sorting co-mingled waste shipments achieves the lowest-cost disposal options for our customers.
  • Minimizes the amount of material destined for low-level waste disposal.
  • Saves customers labor costs incurred from sorting material on the customer's site.
  • Efficient sorting of incoming waste into disposition category, including Bulk Survey for Release (BSFR), OREX processing, Pyrolysis, scrap/recycle, decontamination and free release, and low-level waste.
  • Removal and segregation of non-conforming items ensures waste generators that their wastes can be disposed of as efficiently and economically as possible.

OAK RIDGE — Financially troubled IMPACT Services has filed for bankruptcy protection, officials confirmed Thursday, raising questions about what will happen with the Oak Ridge company's waste-treatment operations and its current inventory of about a million pounds of radioactive waste.

J.R. Biggs, general manager at IMPACT's waste facility at the East Tennessee Technology Park, said the company filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Delaware. Meg Lockhart, a spokeswoman for the Tennessee Department of Environment and Conservation, later confirmed that the state was reviewing documentation on the company's bankruptcy filing and had staff at the Oak Ridge plant to make sure everything was secure there.

"We are in the process of reviewing the information and have shared it with the Attorney General's office," Lockhart said.

IMPACT Services shut its doors last Friday, accepting no more waste at the processing plant, and since then there had been speculation about the company's future. The Chapter 7 filing suggests that the company's assets may be sold, although those plans won't become unavailable until after a trustee is named. IMPACT leased the 8 1/2-acre property from the Community Reuse Organization of East Tennessee, but owned the equipment and buildings.

Read more:
http://www.knoxnews.com/news/2012/may/25/nuke-waste-company-files-for-bankruptcy/

IMPACT Services fate unclear;


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OAK RIDGE — The future of IMPACT Services is uncertain, pending an as-yet-unannounced decision by the company's leadership, but the state has some financial protection if it has to deal with the 1 million pounds of radioactive waste currently housed at IMPACT's waste-treatment facility.

As a requirement of its Radioactive Materials License from the Tennessee Department of Environment and Conservation, IMPACT Services has provided financial assurance to help cover costs in case of problems. That amount has increased over the years as the size of the company's waste-processing operation at East Tennessee Technology Park has grown.
The current level of financial assurance is $1,233,460, according to an amendment of the company's license in January 2012.
http://www.knoxnews.com/news/2012/may/22/impact-services-fate-unclear-state-has-12m/?partner=RSS

State staff at IMPACT Services, says site secure; bankruptcy filing under review

IMPACT Services, Inc. ETTP Facility














Meg Lockhart, a spokeswoman for the Tennessee Department of Environment and Conservation, confirmed that the state this morning received documentation on IMPACT Services filing for Chapter 7 bankruptcy.
"We are in the process of reviewing the information and have shared it with the Attorney General's office," Lockhart said.
She said staff from the state's Division of Radiological Health were onsite at IMPACT's waste-processing facility this morning and would continue to monitor the situation closely. About a million pounds of low-level radioactive waste is stored at the site on the west end of the East Tennessee Technology Park.

http://blogs.knoxnews.com/munger/2012/05/state-staff-at-impact-services.html