Israel's EER to build Romania waste treatment plant

JERUSALEM, Jan 3 (Reuters) - Environmental Energy Resources

(EER), a subsidiary of Israeli investment company Shrem Fudim Kelner Co. SFK.TA, said on Wednesday it had agreed to build a waste treatment facility in Romania for $30 million.

EER will build the plant under a 25-year agreement, the company said in a statement.

“The company expects to treat some 30,000 tonnes of waste, and no less than 80 tonnes a day for about 150 euros per tonne,” Moshe Stern, president at EER said. EER also said it had recently received multi-million dollar orders to build plants in China.

The company has a working protocol with Samstar, a state-owned company in China, according to which it would order planning and construction of medical waste and radioactive waste plants from EER.

EER uses molten gas at temperatures between 1,400 and 7,000 degrees Celsius in a process called plasma gasification melting

(PGM) to melt down municipal, household, medical and low-level radioactive waste.

Investors in EER also include SFK's subsidiary Shrem Fudim Kelner Technologies SFKT.TA, Urdan Industries URDN.TA, Japan's Tokyo Financial Group and South Korean Investment firm EBN.

(Reporting by Sergio Tjong-Alvares; Editing by Rory Channing)

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