The Iowa Department of Natural Resources has awarded GreenMan Technologies’ Iowa subsidiary with a contract to clean up scrap tires at a number of sites in the state. The project is expected to run through the next five months. GreenMan handles around 14 million tires a year.
Mark Maust, president of GreenMan of Iowa said, "We are very pleased the Iowa Department of Natural Resources has chosen us to complete this cleanup project. We anticipate commencing the project during November on a limited basis with a majority of the work to be completed during the December through March 2007 timeframe. This coincides with our seasonally slower time of the year. We estimate this cleanup project will generate approximately $400,000 of new accretive revenue and will be recycled into alternative fuel and other value-added material for Iowa industries".
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