Wall Street Transcript Interview with Randall S. Dearth, the President and CEO of Calgon Carbon Corporation (CCC)
67 WALL STREET, New York - August 22, 2013 - The Wall Street Transcript has just published its Water Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Water Infrastructure Development - Irrigation and Metering Technology - Water Industry Consolidation - Regulatory Headwinds for U.S. Utilities
Companies include: Calgon Carbon Corp. (CCC) and many more.
In the following excerpt from the Water Services Report, the President and CEO of Calgon Carbon Corporation (CCC) discusses company strategy and the outlook for this vital industry:
TWST: Where is your focus in terms of the water-purification process?
Mr. Dearth: Historically, municipalities in the U.S. have used activated carbon to remove organic compounds that cause drinking water to have an offensive taste and odor. In recent years, municipalities have been installing activated carbon to meet the requirements of EPA regulations.
One of those regulations requires preventing or removing disinfection byproducts that are formed when chlorine is used as a disinfectant in the water-treatment process. Chlorine can react with organic matter in the water and form byproducts that can be hazardous to human health. Activated carbon can remove the disinfection byproducts or prevent them from forming.
A good example is the city of Phoenix, which several years ago decided to use activated carbon to combat this problem. The city chose Calgon Carbon as its sole provider of the virgin carbon fill, and then awarded us a 10-year contract to reactivate that carbon at a new reactivation facility that we built in the Phoenix area.
As for future applications, endocrine disrupters - which are essentially pharmaceuticals that make their way into drinking water when they are discarded - are becoming more of a concern. Activated carbon can be used to remove them. Although they are currently not regulated, they could very well be in the future.
TWST: Are you seeing a trend toward more awareness of the need for purification of water?
Mr. Dearth: Yes, for two reasons. Number one, advancements in science enable us to better identify what is in the water. Number two, environmental groups are now using the Internet as a tool to educate people about impurities in their water. As a result, some consumers are pressing their municipalities to improve the quality of their water. We are seeing this more and more, not only here in the United States, but around the world.
Another key area that we're focused on, which is also regulation-driven, is the...
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