OriginClear Offers Free Advice to Piney Point Reservoir Owners on Emergency Repairs to Remediate Toxic Waste Leaks

Rhea-AI Summary

OriginClear Tech, a division of OriginClear, Inc. (OTC Pink: OCLN), has offered its expertise at no charge to the owners of Tampa Bay's Piney Point phosphate plant to assist in addressing the toxic wastewater leak. The company claims that the remediation costs proposed by others are excessively high, asserting it can provide a more cost-effective solution. Following a breach on March 26, 2021, approximately 173 million gallons of untreated wastewater have entered the bay. OriginClear emphasizes the urgency of the situation, with COO Tom Marchesello highlighting their commitment to help.

Positive

• OriginClear Tech offers free advisory services to remediate the Piney Point phosphate plant crisis, positioning itself as a proactive player in environmental solutions.
• The company claims it can remediate the situation at a significantly lower cost than competitors, potentially enhancing its reputation and financial performance.

Negative

• The ongoing discharge of approximately 173 million gallons of untreated wastewater poses environmental and reputational risks that could affect future business.
• The situation is described as a 'major disaster,' which could bring regulatory scrutiny and impact project approvals.

OriginClear Tech, a division of OriginClear Inc. (OTC Pink: OCLN), a leading provider of water treatment solutions, offered to advise at no expense the owners of Tampa Bay’s old Piney Point phosphate plant on the best method to remediate the toxic waste leak and emergency discharge of an estimated 38 million gallons per day into the Bay.

OriginClear Tech Piney Point Proposal Cover (Graphic: Business Wire)

OriginClear also said proposals being offered to remedy the situation were all way too high and the emergency could be remediated at far less cost, which OriginClear said it could accomplish itself at a fraction of what other companies are proposing.

On March 26, 2021, a retention pond at Piney Point was breached and cordoned off. The Florida Department of Environmental Protection reports that while some wastewater has been contained on site, roughly 173 million gallons of untreated wastewater have still been discharged into the bay.

“This is a major disaster,” said Tom Marchesello, OriginClear Chief Operating Officer, “and it is our duty to help however we can.” He addressed this offer to New York investor William “Mickey” F. Harley III, the listed owner of HRK Holdings, which owns the troubled Piney Point phosphate plant site leaking polluted wastewater.

Marchesello

FAQ

What is OriginClear's proposal regarding Piney Point phosphate plant?

OriginClear Tech has offered to advise on remediation methods for the Piney Point phosphate plant at no cost, claiming it can do so more economically than others.

What is the current state of wastewater discharge at Piney Point?

Since the breach on March 26, 2021, approximately 173 million gallons of untreated wastewater have been discharged into Tampa Bay.

How does OriginClear's cost estimate for remediation compare to others?

OriginClear stated that proposals from other companies are excessively high and that it can remediate the emergency at a fraction of those costs.

What was the cause of the Piney Point environmental disaster?

The disaster resulted from a breach in a retention pond at the Piney Point phosphate plant, leading to the discharge of untreated wastewater.

Who is involved with the Piney Point phosphate plant and OriginClear's response?

OriginClear's COO, Tom Marchesello, has reached out to investor William 'Mickey' F. Harley III, the owner of HRK Holdings, which owns the Piney Point site.