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Looks like people following Buffett around; http://www.gurufocus.com/holdings.php?GuruName=Warren+Buffett
He's in about 8.7m shares.
Trading now near the HOD 11.65... nearly 1M shares traded and plenty of bid support...
Water crisis is becoming more mainstream... another backyard story -
U.S. high-tech water future hinges on cost, politics
By Steve Gorman Steve Gorman –
Thu Mar 12, 2:32 am ET LOS ANGELES (Reuters) –
http://news.yahoo.com/s/nm/20090312/sc_nm/us_water_technology_6
Anyone who has visited Disneyland recently and taken a sip from a drinking fountain there may have unknowingly sampled a taste of the future -- a small quantity of water that once flowed through a sewer.
Orange County Water District officials say that's a good thing -- the result of a successful, year-old project to purify wastewater and pump it into the ground to help restore depleted aquifers that provide most of the local water supply.
The $481 million recycling plant, the world's largest of its kind, uses microfiltration, reverse osmosis, ultraviolet light and hydrogen peroxide disinfection to treat 70 million gallons (265 million liters) of sewer water a day, enough to meet the drinking needs of 500,000 people.
Just don't call it "toilet-to-tap."
County officials prefer the term "Groundwater Replenishment System," a name chosen after similar projects in Los Angeles and San Diego fell prey to public misconceptions, also known as the "yuck" factor," and local election-year politics.
Their experience underscores one of the great lessons facing municipal officials across the U.S. West as they seek to bring purification and recycling technologies to bear against drought cycles expected to worsen with climate change.
Scientists, policymakers and investors agree ample know-how exists to solve the water crisis; the difficulties lie in energy constraints, economics and politics.
"We can solve most, if not all, of the world's biggest water problems with technology that exists today," said Stephan Dolezalek, who leads the clean-energy practice of Silicon Valley venture capital firm VantagePoint Venture Partners. "What we may not have is the willpower."
"A NEW DAY" FOR WATER
Experts say price distortions in the West, where government has long subsidized farm irrigation and the cost of pipelines and pumping stations to send fresh water from distant sources to cities, have discouraged the development of new supplies.
"The water that we use in the West is generally undervalued," said Tim Barnett, a marine research physicist for the Scripps Institution of Oceanography at the University of California, San Diego.
The math has changed as the region's water grows scarcer, its population swells and environmental pressures mount.
"This is a new day, and we have conditions which compel us to look to new water resources," said David Nahai, general manager of the Los Angeles Department of Water and Power, the nation's largest municipal utility.
He and other water managers see tremendous potential in stepped-up conservation, from encouraging more waste-conscious personal behavior to installing low-flow showers, toilets, appliances and lawn sprinklers.
Such measures could add more than 1 million acre feet of water -- enough for 8 million people -- to Southern California's regional supply alone, or about 25 percent of current annual use, according to a report by the Los Angeles County Economic Development Corp.
Further gains are possible by replenishing groundwater basins with rainfall runoff that normally flows to sea.
THE HOLY GRAIL
Desalination, the process of converting salt water to fresh, has long been viewed as the holy grail in the quest to replace imported drinking supplies, said Jonas Minton of the environmental group Planning Conservation League.
But Minton, who chaired a California state desalination task force earlier this decade, and other experts cite two major drawbacks.
One is a risk to marine life from intake pipes that suck water into the system and from a highly concentrated brine byproduct that gets discharged back into the ocean.
The other is the relatively high cost of removing salt from ocean water, which contains roughly 30 times more dissolved impurities than sewer water and thus takes far more energy to distill. Energy demands become especially vexing in light of efforts to curb carbon emissions tied to global warming.
Desalination is common in parts of the Middle East, where freshwater sources are extremely scarce, oil is plentiful, and environmental laws are less stringent. But U.S. ocean desal plants are rare. The biggest so far is in Tampa, Florida.
Six small-scale plants exist in California, and about 20 more are in various stages of planning or development.
The most ambitious, a $300 million facility to be built by the Connecticut-based company Poseidon Resources in Carlsbad, near San Diego, would produce 50 million gallons (189 million liters) of drinking water daily, enough for about 110,000 households.
The Poseidon plant, twice the size of the Tampa facility, would be the largest in the Western Hemisphere. It has yet to receive final approval for construction.
FROM THE GROUND AND BACK AGAIN
Once considered a less attractive alternative, wastewater recycling technology has proven more economically feasible and gained greater public acceptance.
"We're to a certain extent helping to drought-proof ourselves," said Michael Markus, general manager of the Orange County Water District and the chief engineer behind its Groundwater Replenishment System.
"Within three years, the price of imported water will be $800 per acre foot, and projects like this, even without outside funding, will become viable," he said. An acre foot of water is about a year's supply for two families.
By comparison, Orange County's recycling system currently produces water for $600 an acre foot, not including subsidies it received for the initial capital investment.
The plant takes pre-treated sewer water that otherwise would be discharged to the ocean and runs it through a three-step cleansing process -- essentially the same technology used to purify baby food and bottled water.
Thousands of microfilters, hollow fibers covered in holes one-three-hundredth the width of a human hair, strain out suspended solids, bacteria and other materials.
The water then passes to a reverse osmosis system, where it is forced through semi-permeable membranes that filter out smaller contaminants, including salts, viruses and pesticides. Reverse osmosis also is the main process used in desalination.
Finally, the water is disinfected with a mix of ultraviolet light and hydrogen peroxide.
The resulting product exceeds all U.S. drinking standards but gets additional filtration when it is allowed to percolate back into the ground to replenish the aquifer.
Much of the technology is supplied by private companies, including German-based Siemens AG, which makes the microfilters, and Danaher Corp, headquartered in Washington, D.C., which furnishes the UV lamps.
The Orange County system is serving as a model for a project that Los Angeles plans to resurrect nearly 10 years after it was killed when local politicians disparaged the concept as "toilet-to-tap." San Diego's recycling project met a similar fate and also is back on the drawing board.
A recent study cited by L.A. County Economic Development Corp found more than 30 Southern California recycling projects with the potential of yielding over 450,000 acre feet of water within five years. That's about half the amount the region expects to import this year from the Colorado River.
Water managers say they now realize that an aggressive public education campaign is key to building support.
They want the public to understand that much of what comes from the tap today is recycled sewer water. The Colorado River, for example, contains large amounts of heavily treated waste discharged from cities upstream, including Las Vegas.
As the L.A. County Economic Development Corp study puts it, "What happens in Vegas doesn't stay in Vegas."
(Bernie Woodall and Nichola Groom contributed to this report, editing by Alan Elsner)
Look at the share price run like a rabbit!!!
I used to work for a company similar to this one and was offered a job with these guy's, Big in Utilities and Manufacturing, World wide companies,
A water purification company that is huge and global... successfully started in the great depression with billions in sales annually today.
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Nalco Company is the world's leading water treatment and process improvement services company, delivering significant environmental, social and economic performance benefits to a variety of industrial and institutional customers. For more than 80 years, we have worked hard to build a high level of expertise in developing cost-effective applications to reduce energy, water and other natural resource consumption, enabling us to offer unique programs and technologies to meet our customers' needs.
We focus on optimizing natural resources and driving prosperity through our unrivaled engineered technology solutions, with nearly all of our core innovations offering both environmental benefits and economic value.
Our differentiated programs and services are used in water treatment, energy, air and waste applications to prevent corrosion, contamination and buildup of harmful deposits and in production processes to:
Our comprehensive programs contribute to the sustainable development of customer operations and can help significantly improve your bottom line results.
Our water treatment, energy services, air quality and process improvement offerings are organized according to the end markets we serve in order to understand and directly impact customer performance. Although the industries we serve are distinct and immense, all Nalco employees share the same commitment – to bring innovative new and exciting products to the marketplace, and to be the best at helping our customers succeed.
Nalco provides water treatment, process-focused programs, and emissions reduction across a broad range of end users. Our offerings are organized according to the industries we serve so we can address the unique drivers faced by each industry segment.
Our expertise in the diverse range of industries referenced below allow us the opportunity to offer unique services and programs to help meet our customers' ever changing needs and environmental compliance expectations.
Industrial and Institutional Services
This division handles the water and waste treatment needs of industrial and institutional customers. It is organized around eight key industry segments: Food & Beverage, Power, Chemical/Pharmaceutical, Institutional, Manufacturing, Primary Metals, Auto/Transportation and Mining. In addition, Environmental Hygiene Services serves all Nalco customers with global water and air hygiene programs that protect against health risks like Legionnaires' Disease.
The Industrial and Institutional Services Division's areas of expertise include:
Today's pulp and papermakers face increasing pressure to produce products with improved performance for less cost. Their customers demand that end product properties, such as pulp brightness, tissue softness, or paper strength, for example, perform to increasingly challenging specifications - and for less cost than in the past.
To help our customers excel, Nalco developed SMART Solutions™, a grade-focused approach for improving our customers' end product quality and performance while reducing manufacturing, production and mill operations costs.
Nalco's Paper Services Division's grade-specific solutions help paper mills balance mechanical, operational and chemical variables to optimize machine performance, improve sheet properties and enhance customer profitability. Nalco is committed to becoming a business improvement partner to pulp and paper producers.
Headquartered in Sugar Land, TX, our Energy Services division is the global leader in providing on-site problem solving innovations through our extensive network of technical field specialists in more than 130 countries. By listening, understanding the marketplace and identifying technology and business model opportunities, we offer an integrated approach to chemical programs unsurpassed in the industry.
With a continued emphasis on environmental leadership, we are a principal supplier of specialty chemicals and applications for the oil exploration, production, refining and chemical process industries. For over 75 years, Nalco has offered value-driven solutions for both upstream and downstream markets within the hydrocarbon industry.
Upstream
Beginning with drilling and exploration, Nalco supports the oil well service industry by developing and supplying chemicals for drilling activities at the formation level. We work with the leading well service companies to continually improve their offerings. Our areas of expertise include supplying chemicals for the cementing, completion, drilling, fracturing and acidizing phases of oil and gas exploration.
We also address critical issues facing today's oil and gas producers throughout the entire life cycle of the well. From project design/CAPEX through asset decommission, a life-cycle chemical program helps customers achieve their goals and maximize profitability. Our experience in infrastructure protection and flow assurance allows us to offer solutions to production challenges such as corrosion, scale, hydrates, paraffin and emulsion breaking around the world. Our portfolio of successes include technology that delivers in high-shear, deepwater and ultra-deepwater environments, infrastructure and business models that reduce lifting costs in emerging marketplaces, and chemistries designed to treat the heaviest crudes and gasses with high sulfur properties.
Downstream
Nalco provides world-class products and services to the petroleum refining and fuels industry, enabling its customers to profitably refine, fuel and move hydrocarbons. Combining refiner process and water management, we provide chemical solutions and consultative skills backed by a global knowledge base of refiner experience, specialized software tools, and a research and development team that leads the industry. We work closely with customers to ensure that oil shipments arrive on time and on spec. We also help maximize fuel profits with premium diesel and gasoline additives, develop additives for specific applications and provide specialty polymers, customer reactions and off-the-shelf components to meet customers' requirements.
Nalco also focuses on ethylene and butadiene plant optimization through proprietary fouling, corrosion and coking control technology, acid gas removal optimization, cooling tower and boiler treatment, and antifoams. We guide chemical plants through obstacles that arise during operations and helps maximize return on investment through products and services to each customer's requirements, climate and logistics.
Nalco LaunchesNew Brand Initiative | Essential Expertise for Water, Energy and Air describes both the vital role we play for our customers and our shared commitment to sustainable development. Our knowledge, services and experience in a variety of industries are the essential expertise we bring to customers that results in cleaner water, less industrial use of fresh water, energy savings and improved air quality – all while helping those customers save money and be more successful. You will see the four icons -- representing water, air, energy and earth -- throughout our Web site indicating where the product or program on the page provides a sustainable impact. | |
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Footnote -
"What is Mr. Buffett saying and doing now? It's a valid question, because while there's been some bad news -- his Berkshire Hathaway portfolio has dropped 26% from about $70 billion to $52 billion and the stock price is hovering near a six-year low at about $74,000 a share -- he's still exceeded the market. If he had performed with the market, his portfolio would have been trimmed to about $35 billion, so he must be doing something right.
If you check out its most recent filing with the SEC, you'll find Berkshire's biggest moves during the tumultuous fourth quarter of 2008:
Bought 8.7 million shares of Nalco"
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