LJUBLJANA (Slovenia), November 29 (SeeNews) - Slovenian chemicals producer Cinkarna Celje [LJE:CICG] said it has disposed 30 tonnes of radioactive waste at a nuclear waste facility in Idaho, U.S., thus solving a long-standing environmental and financial problem.
In the past 24 years, Cinkarna Celje has been looking for a solution to the storage of radioactive waste, which is a by-product in the technological process of producing titanium dioxide pigment. The company has finally found the option to export the waste, with the help of the Slovenian radioactive waste agency and U.S. company US Ecology Idaho, it said in a statement earlier this week.
"Cinkarna has successfully completed a lasting duty with the export of the waste and its permanent disposal. It has removed an environmental and financial burden and freed up space for the development of technological processes that will support its business in the future," it said.
The company also said that the waste disposal solution will have a positive effect of 4.0 million euro ($4.4 million) on its 2019 business result.
Cinkarna Celje reported earlier this month that its net profit fell 46% on the year to 15.9 million euro in the first nine months of 2019, but was still way above the planned 8.3 million euro.
Its shares traded up 0.53% at 188 euro on the Ljubljana bourse Stock Exchange at opening on Friday.