April 2001

Trends and Resources

HP Impact: HPImpact: Site remediation costs to top $23 billion

In 2001, governments and industry will buy products and services costing more than $23 billion to remediate soil and groundwater. Over $2 billion will be invested in systems such as pump and treat and..

Weirauch, Wendy, Hydrocarbon Processing Staff

In 2001, governments and industry will buy products and services costing more than $23 billion to remediate soil and groundwater. Over $2 billion will be invested in systems such as pump and treat and soil incineration. Over $13 billion will be required to operate and maintain remediation projects. These are conclusions reached in a recent study by the McIlvaine Company (www.mcilvainecompany.com). To assume that the remediation market would shrink, along with U.S. support for Superfund, would be erroneous, says the report. New problems continue to develop. Also, the world market continues to grow at a rate sufficient to offset the peaks and valleys of the U.S. segment. MTBE is threatenin

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