Tox Free wins Apache waste contract
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Tox Free Solutions has been awarded a $6 million two-year contract to provide waste management solutions to Apache Energy in the state's north.
Tox Free will provide waste services to Varanus Island and for Apache's floating storage offloading tankers at Dampier, Karratha, the North West Shelf and Ningaloo.
The contract commences this month and includes two one year options.
In a statement to the Australian Securities Exchange Tox Free said that the awarding of the contract was another significant achievement as the company continues to secure further waste management and industrial services contracts
"As the scale of the operations in the Pilbara region continues to grow for Tox Free the company can continue to leverage off its existing infrastructure to provide strong returns for its shareholders," the statement said.
See company statement below:
Tox Free Solutions Limited ('Tox Free' or 'Company') is pleased to announce the Company has been successful in the award of a contract to provide Waste Management Services to Apache Energy Limited in North Western Australia.
The contract scope includes the provision waste management services to:
- Varanus Island
- Stag Platform and associated floating storage offloading (FSO) tanker, Dampier Spirit
- Legendre Platform and associated FSO, Karratha Spirit
- Floating production storage and offloading (FPSO) tanker the Ningaloo Vision for the Van Gogh development
- Offshore drilling rigs contracted by Apache to operate on the North West Shelf, and
- Devil Creek Gas Plant once this site is operational in 2011.
The two year contract is expected to commence in October 2010. This is another significant achievement for Tox Free as the company continues to secure further waste management and industrial services contracts.
As the scale of the operations in the Pilbara region continues to grow for Tox Free the company can continue to leverage off its existing infrastructure to provide strong returns for its shareholders.
Tox Free is very focussed on its long term future. Growth will continue through strategic acquisition, further contracts and organic growth of our existing divisions.