501 South Main St. Galena Park, TX 77547

Utilizing a 3rd party investment recovery company (Professional Recovery Services, Inc.) to estimate the investment recovery and include a investment recovery specifications/plan for the second round of bidding, turned the demolition from a net cost of $3M to $8M to a net revenue of $7M; a dramatic difference of $10M to $15M. The major investment recovery components for PRSI (owners account) are: Copper, Stainless Steel, Aluminum, Titanium, Motors, Transformers, Large Stainless Steel Valves, and Process Equipment.

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The summary advantages in utilizing investment recovery and
recycle are as follows:

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• Reduced environmental footprint with investment recovery and recycle
  to over 95% for the facility

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• Improved safety with PRSI's increased involvement in the overall
  demolition planning and specifications versus simple "turnkey"
  to a contractor

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• Single point management control of the investment recovery activities

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• Turning the demolition from a net cost of$3M to $8M to a net revenue of
  $7M a difference of $10M to $15M.

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A formal white paper is being prepared for the National Petroleum Refiners Association's next meeting in 2008.

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For further information please contact:

B. Powers, PRSI, 111 Red Bluff Road, Pasadena, Texas, 77506 or

W. Kevin Antill, Professional Recovery Services, Inc., 5603 Navigation Blvd., Houston, Texas, 77011, 713-926-9900.

 

*Pre-qualifications were very extensive, including safety, environmental, project
management, project methodologies, risk analysis, equipment, experience, flexibility, management of change, ability to work with 3rd party investment recovery, references, OSHA, several expert 3rd party analysis/recommendations, etc.